Medical device manufacturer Cook Medical Australia has selected Brisbane as the location for its Asia Pacific Commercialisation and Development Centre (ACDC) designed to accelerate the introduction of innovative medical products and health related technologies to market.
Located in the Cook Medical Australia precinct at Brisbane Technology Park, the $4 million ACDC will assist businesses, entrepreneurs and researchers from across the region to bring new medical devices to fruition, creating opportunities for local advanced manufacturing jobs.
Minister for Innovation, Science and the Digital Economy Leeanne Enoch, who attended the ACDC launch event in Brisbane, said successful ACDC research partners will gain access to a full range of ACDC resources to support product commercialisation, including a world-class fabrication laboratory with 3D printing capabilities, electrical and mechanical systems for testing products, business facilities, as well as workshop and demonstration spaces.
“Cook Medical’s Asia Pacific Commercialisation and Development Centre will operate as an incubator accelerator for medical technology startups, a function that aligns with the Palaszczuk Government’s $405 million whole of government Advance Queensland initiative,” the Minister said.
“Cook Medical will be the talent scouts for medical technology breakthroughs that could change the lives of people suffering serious illnesses and disabilities.”
Barry Thomas, Director – Asia Pacific, Vice President – Cook Incorporated, said the ACDC will improve the rate of medical technology ideas achieving commercialisation in Australia.
“Cook Medical recognises the long journey required to bring new medical devices to fruition; ACDC will provide access to practical advice and expertise at relevant points along the pathway to commercialisation,” Mr Thomas added.
“Creating an environment that attracts people with ideas from across the region, then nurturing those ideas through to commercial viability, will increase the local knowledge and skills base while potentially creating new employment opportunities.”
General Manager of Cook Medical Australia, Dr Samih Nabulsi, said a local team will coordinate the day-to-day operation of ACDC, while advisors – sourced from Cook Medical’s highly experienced management ranks – will provide practical advice and expertise at relevant points along the pathway to commercialisation.
“The success of the ACDC will be measured by the outcomes achieved for patients through the devices and technologies created by participants, and it is this commitment by Cook Medical Australia that makes ACDC stand out from other programs of its kind,” he concluded.