Singapore, April 19 -- Australia's newest biotech incubator Jumar Bioincubator has officially opened its doors and revealed the first 16 innovative early-stage ventures to take up residency in its much-awaited Melbourne-based facility.

The state-of-the-art facilities, infrastructure, and support offered by Jumar creates a world-class hub for biotech innovation translation, research commercialisation, and talent development that will help to progress discoveries towards real-world patient treatments.

It aims to build "Australia's next CSL" by capitalising on the talent and capabilities of the local biotech research community to support the next homegrown global success story, and create a critical mass of entrepreneurial-skilled scientis...