Victoria is set to strengthen its position as a global destination for clinical trials, with the launch of the Victorian Clinical Trials Gateway.
The Gateway will make it easier for companies to access the state's world-class service providers, trial-ready infrastructure, and talent.
The new portal will provide a single point of entry for international companies to connect with Victorian clinical trial sites, contract research organisations, and professional services.
In addition to attracting global companies to Victoria, the new portal will help local companies, particularly start-ups and small to medium enterprises, find the support and services they need to grow.
With global healthcare spending projected to grow by over four per cent annually, the Victorian Government recognises the urgent need to attract medical innovation and investment to our state, and has funded St Vincent’s Hospital to develop the portal on behalf of the sector.
“Victoria is at the centre of Australian medical innovation. The new Victorian Clinical Trials Gateway will grow our role in bringing new life-saving medicines and health technologies to patients in Victoria and world-wide.” Minister for Innovation and the Digital Economy Philip Dalidakis
Victoria’s clinical trial sector has an international reputation for speed, quality and cost-efficiency, backed by highly skilled professionals and world-class institutions. The Gateway will promote Victoria's industry strengths to a global audience and drive new opportunities for industry-sponsored trials and international partnerships, supported by the government’s network of business offices throughout the world.
Currently, around a thousand new clinical trials begin in Australia every year, and more than a third of this activity happens in Victoria. Victorian researchers win around 40 per cent of Australian competitive medical research funding annually.
With more than 650 life sciences companies, 12 major medical research institutes, 10 teaching hospitals and nine universities across Victoria, the sector currently employs more than 23,000 people and generates more than $12 billion for the state.