The Allan Labor Government is helping Victoria's world-class medical researchers tackle childhood cancers, with new funding that could unlock breakthroughs in treatment and improved patient care.
Minister for Economic Growth and Jobs Danny Pearson today announced two Victorian research teams will share $770,000 in funding under the Children's Cancer CoLab's Innovation Accelerators Impact Program, which brings together critical resources to drive cutting-edge discovery, translational, and clinical research.
Monash Children's Cancer Biobank, led by oncologist Dr Michelle Martin, will receive a $360,000 grant, while funding of $410,125 will go to the Hudson Institute Living Biobank, led by Associate Professor Jason Cain.
The funding will support the crucial role of these biobanks in safely storing a wide range of clinical samples, which are used to develop treatments and improve care, including for the patients from whom they came.
Biobanks also contribute to broader research into new cancer treatments both in Victoria and internationally, making a difference for children with cancer everywhere.
Biobanks are central to biotechnology sector growth - boosting Victoria's capacity to attract clinical trials, draw global investment, and strengthen local biotech businesses.
Victoria is home to one of the world's leading health technology hubs, which is supported by nine universities and 22 globally renowned research institutes.
The Labor Government's contribution of $35 million, alongside the Children's Cancer Foundation's commitment of $10 million to establish the Children's Cancer CoLab brings together the best and brightest minds to undertake cutting-edge research to tackle childhood cancer.
The Government's investment of more than $1 billion in health and medical research continues to drive growth, create jobs and support incredible breakthroughs in treatment and care.
As stated by Minister for Economic Growth and Jobs Danny Pearson
"We're backing the life-changing work of Victoria's world-class researchers to develop breakthroughs in children's cancer treatment and bring new hope to children and their families."
"Biobanks are a critical resource for Victoria's researchers and specialist hospitals - facilities like these underpin the state's position as a global leader in medical research and biotechnology."
As stated by Chief Executive Officer Children's Cancer CoLab Udani Reets
"This funding transforms donated tumour samples into accessible resources essential for high-impact research and honours families' wishes to advance childhood cancer discoveries."
