Tech News

Tech Business News

  • Home
  • Technology
  • Business
  • News
    • Technology News
    • Local Tech News
    • World Tech News
    • General News
    • News Stories
  • Media Releases
    • Tech Media Releases
    • General Media Releases
  • Advertisers
    • Advertiser Content
    • Promoted Content
    • Sponsored Whitepapers
    • Advertising Options
  • Cyber
  • Reports
  • People
  • Science
  • Articles
    • Opinion
    • Digital Marketing
    • Gaming
    • Guest Publishers
  • About
    • Tech Business News
    • News Contributions -Submit
    • Journalist Application
    • Contact Us
Reading: AusBiotech Welcomes Recent $40 Million Biosciences Fund (BioSF) for NSW Startups
Share
Font ResizerAa
Tech Business NewsTech Business News
  • Home
  • Technology News
  • Business News
  • News Stories
  • General News
  • World News
  • Media Releases
Search
  • News
    • Technology News
    • Business News
    • Local News
    • News Stories
    • General News
    • World News
    • Global News
  • Media Releases
    • Tech Media Releases
    • General Press
  • Categories
    • Crypto News
    • Cyber
    • Digital Marketing
    • Education
    • Gadgets
    • Technology
    • Guest Publishers
    • IT Security
    • People In Technology
    • Reports
    • Science
    • Software
    • Stock Market
  • Promoted Content
    • Advertisers
    • Promoted
    • Sponsored Whitepapers
  • Contact & About
    • Contact Information
    • About Tech Business News
    • News Contributions & Submissions
Follow US
© 2022 Tech Business News- Australian Technology News. All Rights Reserved.
Tech Business News > Science > AusBiotech Welcomes Recent $40 Million Biosciences Fund (BioSF) for NSW Startups
Science

AusBiotech Welcomes Recent $40 Million Biosciences Fund (BioSF) for NSW Startups

NSW launches Biosciences Fund to boost the state’s world-class innovators

Editorial Desk
Last updated: January 25, 2023 5:45 pm
Editorial Desk
Share
SHARE

AusBiotech has welcomed the recent announcement of a $40 million Biosciences Fund (BioSF) for NSW startups, entrepreneurs and researchers to help realise their full potential and assist to bring their new innovations to market.

Announcing the new fund, Minister for Science, Innovation and Technology, Alister Henskens says the BioSF will provide financial and entrepreneurial support for startups developing cutting-edge technologies, helping navigate the often difficult transition between early-stage development and commercial success.

Financial support will be available for firms in the healthcare and life sciences, agricultural/agrifoods, as well as clean energy and garbage sectors, whose activities are in line with the technology usages specified in the State’s 20-Year Research & Development Plan.

Lorraine Chiroiu, CEO of AusBiotech says funds like this are particularly important in an industry where access to capital can dictate whether or not a product makes it to market.

“The biosciences sector in Australia has some of the best researchers and entrepreneurs in the world, developing lifesaving treatments and therapies,” says Chiroiu

“Funds like this are an important tool to help them progress on the commercialisation pathway in order to contribute to Australia’s economic success and the wellbeing of all Australians.”

“As the industry is expanding and our researchers and start-ups are creating more complex and innovative solutions to the meet global healthcare needs, the need for a diversity of investment sources has grown.”

“Initiatives such as the Biosciences Fund are critical to the future of this industry and help to enable the promise and potential benefits of biotechnology for Australia to be realised,“

“The entire ecosystem needs to work in synergy to ensure our stability and competitiveness in a global environment.” she said

AusBiotech speaks for the industry and works together with its members to give advice to the government on how to make the most of public funds such as the National Reconstruction Fund so as to generate a major economic and social benefit.

It also represents Australia’s dynamic, world-class life sciences industry, which includes medical technology, biotherapeutics, (devices and diagnostics), and the agricultural biotechnology sector.

ByEditorial Desk
The TBN team is a well establish group of technology industry professionals with backgrounds in IT Systems, Business Communications and Journalism.
Previous Article Proofpoint Cybersecurity Awareness Kit Proofpoint Launches Free Cybersecurity Awareness Kit
Next Article IBM reports highest annual revenue growth IBM Increases Sales By More Than 6%, and Expects Increased Growth in 2023
Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

NSW launches Biosciences Fund $40 Million

Tech Articles

How Telstra Held Back Australia’s Internet Speed — And What It Means for Users

How Telstra Held Back Australia’s Internet Speed — And What It Means for Users

How Telstra Held Back Australia’s Internet Speed — And What…

January 21, 2026
AI Is Forcing Developers To Abandon Untyped Code

Why AI Is Forcing Developers To Abandon Untyped Code

AI has made ambiguity a liability, with developers spending over…

January 13, 2026
Chatbots Condemning Children To Antisocial Behaviour?

Are Chatbots Condemning Children To Antisocial Behaviour?

Are Chatbots Condemning Children To Antisocial Behaviour? Not by default…

March 2, 2026

Recent News

Space Technology tech news
Science

Space Technology

5 Min Read
Vertical Aerospace VX4 eVTOL
Science

Vertical Aerospace Becomes First British Company With Its VX4 eVTOL to Take Off In 20 Years

3 Min Read
Artemis II, NASA’s first human mission to the Moon in more than 50 years is due to launch from Cape Canaveral, Florida, on 1 April, local time
Science

NASA’s Artemis II Set For 1 April Launch From Cape Canaveral With First Moon Crew In 50+ Years

6 Min Read
5 New Kinéis Nanosatellites For IoT - Launched
Science

5 New Kinéis Nanosatellites For IoT Will Be Launched Into Orbit

2 Min Read
Tech News

Tech Business News

In 2026, technology news is shaping business outcomes faster than ever—driven by AI adoption, rising cyber risk, cloud modernisation, data regulation, and constant platform change.


Tech News keeps Australian organisations and industry professionals informed with timely reporting and practical coverage across AI, cybersecurity, cloud, enterprise IT, startups, science, people and business, plus major world and local news impacting the tech sector.


Tech Business News publishes news and analysis designed to be clear, relevant, and easy to act on. It supports the industry with technology news reports, whitepaper publishing services, and a range of media, advertising and publishing options 

About

About Us 
Contact Us 
Privacy Policy
Copyright Policy
Terms & Conditions

April, 04, 2026

Contact

Tech Business News
Melbourne, Australia
Werribee 3030
Phone: +61 431401041

Hours : Monday to Friday, 9am 530-pm.

Tech News

© Copyright Tech Business News 

Latest Australian Tech News – 2026

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?