Abstract
This paper discusses the development of the biotechnology industry in the context of Australia’s industrial and policy structure. The paper outlines the size and structure and ‘stage’ of development of the biotechnology sector in Australia and argues for a policy approach that recognises the specific dynamics of the industry sector as it presently stands. It argues that government in a small country with a patchy industrial structure and where the local market is highly regulated and dominated by public sector institutions must play a central but more sophisticated policy role in the development of effective mechanisms for both knowledge generation and transfer in the emerging biomedical sciences.
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