NSW Government to invest $12.5 million into ANSTO

Image credit: www.ansto.gov.au

The New South Wales Government (NSW) is set to invest more than $12.5 million into the Australia Nuclear Science and Technology Organisation’s (ANSTO) Innovation Precinct at the Lucas Heights campus in Sydney.

The investment will see the expansion of ANSTO’s nandin deep technology incubator and assist scientists, students, and start-up industries in NSW.

The Precinct will include a next-generation nuclear medicine cluster to advance the development of diagnostics and therapies to progress the treatment of cancer and other diseases. It will feature a graduate centre, where more than 25 new scholarships have been developed for students looking to work in technology.

Adi Paterson, chief executive officer of ANSTO, says the funding towards the Precinct will not only translate into local jobs, but medical and technological advances that could impact Australians.

“The support from the NSW Government will advance the development of nuclear medical technology and also boost the local economy, with the potential for 5000 additional jobs to be created in the broader precinct over coming years,” Paterson said.

“It will be a place where research and industry meet, to ensure that what happens in a lab or at a science facility is developed into real outcomes that benefit all Australians.”

Kevin Anderson, Minister for better regulation and innovation, says ANSTO’s Innovation Precinct and nandin deep technology incubator reflects the importance of technological advancements to improve human health and grow industries.

“This initiative which is evolving here today will prove to be the training ground for the next generation of scientists and engineers. We are talking about the smart jobs of the future right here in NSW,” Anderson said.