SPECIAL REPORT - THE NSW BIOFIRST STRATEGY

Economic development in the future must be underpinned not only by traditional physical infrastructure like roads and rail, but also by the new infrastructure of the 21st century, such as biotechnology. Biotechnology will significantly impact on the global economy over the next twenty years. NSW has long been a leader in biotechnology, with strengths across the broad spectrum of biotechnology innovation. Over 40 % of all biotechnology, pharmaceutical and related companies in Australia are located in NSW. The State's biotechnology industry employs approximately 7000 people and generates more than $2.5 billion in sales.