The Government of NSW is to inject $12.5 million into the Australian Nuclear Science and Technology Organisation’s (ANSTO) Innovation Precinct at Lucas Heights.
NSW Minister for Better Regulation and Innovation, Kevin Anderson said the money had been allocated to support the expansion of the ‘nandin deep technology incubator’ at ANSTO, the first nuclear science and technology incubator in the world.
Mr Anderson 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 ANSTO’s 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 — the ground-breaking technology being developed here is amongst the best across the globe,” Dr Paterson said.
“The support from the NSW Government will 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.
