India, Nov. 28 -- CSL, the Walter and Eliza Hall Institute (WEHI), and the University of Melbourne announced today they have secured funding to create a start-up incubator to support and grow early-stage Australian biotech companies.

The incubator, to be located at CSL's new global corporate headquarters under construction in the world-leading Melbourne Biomedical Precinct, will support start-up companies to translate promising medical research into commercial outcomes.

It's been made possible with financial and in-kind support from CSL - the world's third largest biotech company - University of Melbourne and WEHI, plus a contribution from Breakthrough Victoria, an independent investment management company administering the Victorian Go...