Driving innovation

Collaboration and colocation are critical to success

Innovation in the health sector improves the quality of life for Victorians, generates new jobs and investment, and creates new industries and export markets.

Australian health manufacturing exports increased by over 80 per cent from 2002 to 2011 creating a green shoot of Victorian manufacturing rivalled only by food. It is a booming market.

To leverage this opportunity in the med-tech sector, it’s crucial we leverage our strengths – such as the existing partnership of Monash Health and Monash University and the manufacturing precinct built around a strong Monash University-CSIRO relationship. Colocation with this precinct provides direct integration with Monash University expertise and research infrastructure, CSIRO and other major players in Victoria’s medical research network.

Additionally, colocation places Victorian Heart Hospital next door to major national research infrastructure, including the Australian Synchrotron, Melbourne Centre for Nanofabrication, and Monash Biomedical Imaging, and places the hospital at the centre of the Clayton cluster - the cluster of innovators located predominantly in and surrounding our Clayton campus.

Placement within this ecosystem will ensure that the medical and economic benefits of Victorian Heart Hospital research are delivered back into the Victorian community as quickly as possible.