Industry Overview

"Biotechnology is one of the world's fastest growing technologies. Its potential benefits may rival those offered by the convergence of information and communications technologies. It offers tremendous economic opportunities, particularly in export & job creation" - John Manley, Canadian Minister for Industry

Industry Profile

NSW and Sydney at leading edge in Biotechnology in Australia.
NSW Industry employs about 7,000 people and generates over $2.5 billion in sales and $600 million in exports
NSW is base for 33% of biotechnology companies in Australia
World Biotechnology markets are expected to grow to about US$58 billion by the year 2002.

"Whilst biotechnology as a concept has been promising much for a long time, it is now apparent that the powerful molecular technologies of genomics and bioinformatics have moved biotechnology to a position where the field is poised to revolutionise science and technology, and global economies." - Dr Peter French, Federation of Australian Scientific and Technological