The NSW Government has invested $12.5 million in the Commonwealth Government’s Australian Nuclear Science and Technology Organisation’s (ANSTO) Innovation Precinct at Lucas Heights.
Minister for Better Regulation and Innovation, Kevin Anderson attended a briefing at ANSTO on how the State’s support would assist scientists, students, start-ups and industries in NSW as well as providing thousands of additional jobs.
Mr Anderson said the Government’s funds would support the expansion of the nandin deep technology incubator at ANSTO, the first nuclear science and technology incubator in the world.
He said ANSTO’s Innovation Precinct would bring together local and global scientists, students, start-ups and industries.
Chief Executive of ANSTO, Adi Paterson said support for the Innovation Precinct would not only translate into local jobs, but also medical and technological advances that could have an impact on all Australians.
“ANSTO is a world-leading nuclear research facility,” Dr Paterson said.
“The ground-breaking technology being developed here is amongst the best across the globe.”
He said the support from the NSW Government would advance the development of nuclear medical technology and also boost the local economy, with the potential for 5,000 additional jobs to be created in the broader precinct over coming years.
He said the Innovation Project would be a place where research and industry met to ensure that what happened in a laboratory or at a science facility was developed into real outcomes that benefitted all Australians.
“With a vision of this scale, you have to start somewhere, and that is nandin,” Dr Paterson said.
“This funding will evolve nandin into a full-service innovation hub to enable research by design, collaboration, innovation and entrepreneurship,” he said.
