Westmead Innovation Precinct

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1 Westmead Innovation Precinct Graeme Loy A/Chief Executive Western Sydney Local Health District 16 November 2018

2 Westmead Innovation Precinct

3 Westmead: our place in western Sydney

4 Westmead Innovation Precinct: a place of global significance

5 Westmead Innovation Precinct: a place of global significance Sydney CBD Parramatta CBD Westmead precinct

6 Broader planning framework Aligns with Greater Sydney Region Plan, Central City District Plan and Future Transport Strategy 2056 Located in the heart of the Central City District (near Parramatta) Transport links and connections to the Western City (home of Western City Airport and Sydney Science Park) and the Eastern City (current Sydney CBD)

7 Proximity to Parramatta: Sydney s second CBD Parramatta at the heart of Sydney s River City Experiencing an intense transformation: Population set to increase by 75 per cent over next 20 years Employment growth expected to double to 186,000 by 2021 More than $10 billion currently invested New residential developments, retail and civic spaces and arts and cultural amenities underway Sydney Metro West double rail capacity between Parramatta and Westmead Parramatta now positioned as Sydney s second great city

8 Young, diverse, educated population Westmead is the second most educated neighbourhood in Sydney 26.3% of residents have a postgraduate degree (2016 census) Over 1,300 research staff and students Nearly half the population are aged 25 to 50 The median age of residents is 35 Almost half the population speak a language in addition to English at home

9 Westmead s growth Jobs 18,000 28,000 40,000 50, Students 2,000 10,000 30,000 50,000 More than $3 billion committed by government, universities and the private sector to upgrade and expand the precinct over the next few years With additional private and non-government investment, Westmead could provide 50,000 jobs and an additional $2.8 billion per year to the NSW economy

10 Westmead s scale Westmead is one of the largest health, research, training and education precincts in Australia: 75 hectares (Core) Significant hospital activity 2.8 million outpatient visits and more than 160,000 emergency department presentations every year World-leading medical research institutes The University of Sydney and Western Sydney University each have campuses on the precinct These organisations work together in an integrated and co-ordinated way to deliver world-class innovation and services for NSW and Australia.

11 Precinct Governance WESTMEAD ALLIANCE Precinct Coordination Group

12 Vision: Westmead Innovation District VISION: Westmead is a connected, productive, vibrant place to live, work, learn and play, with all the features of a world-leading innovation precinct

13 Vision: a place for world-class healthcare and research A productive, workable, liveable and accessible global health precinct Focus on integrated healthcare, teaching and translational research Collaboration and partnerships with industry to drive innovation Promotes patient and staff wellbeing and community engagement Attracts staff, students, residents, researchers and visitors from all over the world

14 Vision: a productive place for business Close proximity to existing and future health, research and education uses Fostering local economies and business Links to Innovation Centre and other precincts around the world Incubator hub for medtech/biotech start-ups Unique experience for existing and future workforce

15 Leverage investment

16 University Campus

17 Westmead Research Hub Partners Westmead Hospital Institute for Clinical Pathology and Medical Research The Westmead Institute Kid s Research Children's Medical Research Institute University of Sydney >1300 Research Staff and Students

18 The importance of Medical Research to Health Teaching hospitals have a culture of evidence based medicine based on research outcomes A top class research environment attracts the best doctors and establishes the best clinical units Provides a gateway for advances in clinical care and introduction of drug treatments Worldwide healthcare is a business in which Western Sydney should participate e.g. biotechnology industries are established around outstanding medical research/teaching hospitals/university complexes, Stanford, Harvard this is happening in Australia especially Melbourne, Brisbane and Macquarie, it will happen in Western Sydney

19 Research Strategy

20 Research Commercialisation Westmead Research IP for commercial partnering Collaboration in: Commercialisation Common branding/marketing Researcher education Events The Westmead Research Hub have invested in a Commercialisation Team

21 Westmead Innovation District master plan Deliver significant job creation, improved urban design and social infrastructure Inform future investment Engage government, industry and the community Identify required infrastructure

22 Contact Graeme Loy A/Chief Executive Western Sydney Local Health District Phone: (02)