Minister for Jobs and Industry Natalie Hutchins today announced that PolyNovo in Port Melbourne is one of 10 businesses being awarded a grant under the $15 millionMade in Victoria - Industry R&D Infrastructure Fundto expand their research and development (R&D) capability.
PolyNovo designs, develops and manufactures skin regeneration solutions to treat complex wounds using its patented NovoSorb biodegradable polymer technology - which is made right here in Melbourne.
PolyNovo will use the funding to build a world-class polymerisation lab to advance its existing R&D capability, fast-tracking some new products in development, including some implantable products that have high promise for hernia and breast reconstruction patients.
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