$50 million funding for UQ biosciences

The University of Queensland has received a $50 million funding agreement from the Queensland Government for the university’s Institute for Molecular Bioscience (IMB).

Vice-Chancellor Prof John Hay AC said the university was delighted that the Queensland Government was continuing its support for the Institute with funding over five years to begin in 2009-10.

The IMB is currently funded until 2008-2009.

“ Without the Queensland Government ’s support, and that of The Atlantic Philanthropies, the IMB and UQ ’s other world-renowned institutes would not be able to achieve their incredible potential,” Hay said.

“The state government, through funding from its Smart State Strategy, has been a key player in the success of the IMB.”

The IMB undertakes globally competitive research in mammalian systems with a focus on human health and biotechnol