Inventia Life Sciences, a biotech company producing 3D cell culture and technology, is upscaling and moving its new state-of-the-art manufacturing and laboratory facilities in Alexandria.
Through NSW’s Jobs Plus Program, Inventia will expand its 430-sqm facility into a 1,500-sqm hub as it ramps up the commercialisation of its Rastrum 3D bioprinter and biomaterials.
The expansion will allow Inventia to keep pace with the demands in the worldwide market, as well as support 76 direct and 67 indirect FTE jobs by June 2024.
Currently, four leading pharmaceutical companies are using the company’s technology for developing much-needed drugs but the expansion could potentially bring more opportunities and advancements.
“We are delighted by the support we have been given by the NSW Government. As a result of the Jobs Plus grant we have been able to scale up our production capabilities, employ more highly skilled people including biologists, software and mechanical engineers and take this revolutionary technology to the world,” Dr Julio Ribeiro, Inventia’s founder and CEO, said.
“Inventia’s drop-on-demand 3D bioprinting technology is the most advanced and precise 3D printing of its kind in the world. It is well-placed to consolidate Australia as a global leader in this field. These additional funds will help us cement Australia’s position and expand our global presence.”
Inventia is not the only company to benefit from the Job Plus Program as DNEG, one of the world’s leading visual effects (VFX) companies delivering Hollywood box office hits, will also establish its first Australian-based content services studio at Sydney’s Tech Central. The move will create more than 470 highly skilled jobs and 550 indirect jobs.
Also taking part in the program is Sparro, a digital marketing company based in Haymarket, which will deliver 90 direct and 58 indirect FTE jobs.
According to Alister Henskens, the Minister for Enterprise, Investment and Trade, the latest Jobs Plus round will create more than 2,500 jobs across a range of industries, including manufacturing, food and beverage, digital technology and MedTech.
Jobs Plus support is provided through a range of initiatives including payroll tax relief, support for infrastructure and subsidised training programs, along with the provision of free or subsidised government spaces and accommodation.