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The University of Queensland has announced plans to build
a A$50-million biotechnology research centre at its St Lucia campus in
Brisbane. To be known as the Institute for Molecular Bioscience, it will be
centred around an amalgamation of the existing Commonwealth Special Research
Centre Molecular and Cellular Biology and the Centre for Drug Design and
Development. The same building will also house the new Australian Genome
Research Facility and the Centre for Microscopy and Microanalysis. And the
University, which will put A$15 million towards the project, is hoping
that private companies will want to open laboratories there too. The State
Government has announced in-principle support of an additional A$15
million. It is hoped to raise the additional A$20 million from other
investment sources, says the director of the Centre for Molecular and Cellular
Biology, John Mattick.