Johnson & Johnson partners with Monash University on medtech commercialisation
14 Mar 2018
Global pharmaceutical giant Johnson & Johnson has opened an Innovation
Partnering Office at Monash University in Victoria.
The partnering office,
JJIPO@MONASH, will be the Victorian headquarters for Johnson & Johnson’s
scientific, investment and commercialisation arms to identify medtech
projects that can be partnered towards commercialisation.
Australia ranks fifth in the world for life science innovation
and Victoria is home to over 40 per cent of Australia’s ASX-listed health
Monash President and Vice-Chancellor, Professor Margaret Gardner AO, says
the office demonstrated the university’s commitment to supporting new
partnerships in biomedical innovation.
‘Monash University has established a world-class reputation for helping to
solve some of the most pressing challenges of our time,’ she says. ‘The new
Johnson & Johnson Innovation Partnering Office, which expands on our
existing partnership with the Johnson & Johnson Family of Companies,
greatly advances Victoria’s expertise in biomedical research, fostering new
partnerships and innovation to create real and lasting impact worldwide.’
To mark the opening of JJIPO@MONASH, Johnson & Johnson and Monash
University have announced the
Victorian QuickFire Challenge: Driving Device Innovation, a joint initiative with the Victorian Government, to help kick off the
search for new medical device innovation.
The three individuals or teams who submit the most promising medical device
solutions in the challenge will be awarded funding from a total grant pool
of A$300,000 provided by the Victorian Government to further accelerate
their medical device innovations. They will also receive mentoring and
special access to the Johnson & Johnson’s global network of experts in
development and commercialisation.
JJIPO@Monash is the second partnering office that Johnson & Johnson
Innovation has opened in Australia, following the success of the first
Johnson & Johnson Innovation Partnering Office in Queensland (
), which was announced in 2016 in partnership with the Queensland
Government and Queensland University of Technology.
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