When it comes to firsts in Australia, the state of South Australia is a pioneer as delegate, US Consul General Michael Klein reminded us, during this year’s AmCham Trade Mission held in Adelaide 28 & 29 April. This pioneer spirit can be traced back to being the first Australian state to give women the right to vote and the establishment of the Australian Constitution.
The openness and support of the Adelaide government is unprecedented, and it is the recent Lot 14 development, already home to 1,000 in its community, that embodies their pioneering heritage and future vision. The Lot 14 innovation precinct provides a collaborative workspace and hub that is the perfect environment for local and global companies and start-ups to thrive and accelerate together. At Lot 14, we were extremely lucky to hear from companies who epitomise the forward thinking of the Lot 14 community, including:
- AC3 leaders in secure cloud solutions.
- the Australian Space Agency, responsible for the development of Australia’s commercial space industries.
- Health Innovation Ventures, an incubator-type entity whose aim is to recognise and support medical research and development to mature into actual medical products and services.
- and Stone & Chalk, the largest dedicated start-up and scale-up innovation community in Australia.
The Trade Mission event also included a tour of BioMed City where we were very fortunate to hear from Steve Wesselingh (Director of SAHMRI) in relation to the current development of the Australian Bragg Centre for Proton Therapy & Research (“ABC”), which will house the first proton therapy centre in the southern hemisphere, providing specialised treatment for children and adults with rare cancers. Stephen L Spotts (CEO Pro Tom International) explained that this type of treatment is 30% more effective, with 60% less radiation than traditional cancer therapies. This treatment will be accessible once ABC opens in around 4 years’ time, affordable (via Medicare support) and it is estimated that the facility will be able to treat approximately 600 - 700 patients per year.. This is just one of the ways that SAHMRI (South Australian Health and Medical Research Institute), is actively seeking, through collaboration with other organisations within Adelaide’s ‘ecosystem’, to improve accessibility to and outcomes from medical and health care in our community for both indigenous and non-indigenous Australians.
As medical lawyers we continue to support professionals and organisations in the medical and healthcare industries, and as part of this commitment we continue to dedicate time and resources to develop our team’s knowledge through attendance at events and summits such as the AmCham Trade Mission 2021. We must thank April Palmerlee, CEO of The American Chamber of Commerce and her team for hosting an amazing, eye-opening and informative experience.
As an attorney at law admitted to the New York State Bar in the United States as well as being a qualified Australian Legal Practitioner, our Meghan Warren can assist businesses or individuals who are looking to enter the Australian or US market with their business, service, product or idea, or who are seeking other advice about a commercial matter or dispute. Please feel free to reach out to Meghan Warren or her colleague George Hanger on +61 3 9822 8588. Burke & Associates Lawyers are here support you to realise your commercial vision and we look forward to watching the health innovation space with a great deal of optimism and wonder.