Networking the Monash research and innovation ecosystem

March 21, 2023

New innovation precinct to position city as an international destination of global research and enterprise.

Image: Shutterstock

Last week, Mr Matt Fregon MP, Victorian Member for Ashwood, officially launched the Monash Precinct Network, which will further accelerate the growth of the City of Monash as an international destination of global research and enterprise.

The Network, the creation of which has been led by Monash University as a founding partner, brings together business, science and education organisations with government to foster the collaboration and connections needed to ensure ongoing innovation, support the development of talent and communities, boost competitiveness and create jobs.

The Network will be at the heart of the expanding Monash Technology Precinct that is centred on Monash University’s Clayton campus, and is an established ecosystem of globally connected innovators and businesses, including major research organisations, international companies and local start-ups.

“The Monash Technology Precinct is one of Australia’s strongest and fastest growing ecosystems of global research, education, innovation and industry. Centred around Monash University’s Clayton campus, it is a hub of discovery and ideas, new ventures, skills and jobs creation across future-focused industries, health and sustainable development,” said Monash President and Vice-Chancellor Professor Margaret Gardner AC.

“It is also home to the Victorian Heart Hospital, newly opened at our Clayton campus, where world-class health care is combined with leading research and professional training.

“The Monash Precinct Network will further accelerate the growth of this ecosystem by fostering collaboration and interconnection, driving innovation, creating commercial opportunities and developing pipelines of global talent.”

The recent opening of the Victorian Heart Hospital – the new home of Monash’s Victorian Heart Institute – is the latest milestone in the expansion of the Monash Technology Precinct. Other recent investments in the Precinct include Moderna’s new mRNA vaccine manufacturing facility, now under construction; the Medicines Manufacturing Innovation Centre, the Victorian Health Innovation Centre; the Australian Cyclotron; the Smart Manufacturing Hub; a new National Vaccine and Therapeutics Lab; and the Victorian Government’s announcement of a $560 million upgrade to the Monash Medical Centre.

“The Network will be the nexus between high-growth and innovation-focused organisations and individuals in industry, education, research and government that is locally and globally connected,” said Monash Deputy Vice-Chancellor (Enterprise and Engagement) and Senior Vice-President Professor Doron Ben-Meir.

The Monash Precinct Network is open to all innovation-focused organisations with a presence in the Monash and wider Southeast Melbourne region.

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