Translational Research Institute and Siemens Healthcare
Queensland’s Translational Research Institute (TRI) and Siemens Healthcare have partnered to take vital research out of the lab and into the marketplace.
The Queensland Government has invested $3.25 million over 3 years towards the new ‘TRI Innovation and Translation Centre in collaboration with Siemens Healthcare’.
Queensland University of Technology has also joined the major new initiative, which is only the second such centre in the world.
At the official opening, Premier Annastacia Palaszczuk said the fact that Siemens has partnered with Queensland shows how highly regarded we are in the technology sector globally.
Reaping the benefits of collaborative innovation
Image courtesy TRI. 1 March 2016—Premier Annastacia Palaszczuk opening TRI’s new centre in collaboration with Siemens.
The Centre will not only reap benefits for patients, it will also see the worldwide incorporation of Queensland innovations into Siemens’ imaging systems. With the global market for magnetic resonance imaging systems expected to reach around US$5814 million by 2020, the collaboration could prove extremely lucrative.
Government funding for the Centre, based at Princess Alexandra Hospital, is provided under the Advance Queensland Future Jobs Strategy. Other research partners include Queensland Health, Mater Research Institute and UQ.