Regional Development Australia (RDA) Hunter is part of a national network of Committees made up of local leaders who work with all levels of government, business and community groups to support the economic development of their regions.
RDA Hunter has an active and facilitative role in the Hunter. Its clear focus is on growing a strong and confident regional economy that harnesses its competitive advantages, seizes economic opportunities and attracts investment.
In 2015 RDA Hunter undertook a strategic study to inform its activities to support economic development in the region. Based on an OECD framework and launched by Prime Minister Turnbull in 2016, Smart Specialisation for the Hunter Region identified seven sectors of competitive advantage. Medical Technologies and Pharmaceuticals was included because of the region’s strong, health and manufacturing capability and the sector’s propensity to deliver innovation-driven jobs growth.
Australian Industry (Ai) Group is a peak national employer organisation and has worked with members for almost 150 years. Its members include some of Australia’s largest Medical and Pharmaceutical companies.
The Newcastle office of Ai Group supports many businesses with a history of operating within highly regulated markets and supply chains. The establishment of a cluster serves these organisations well as they embark on a path of growth and diversification through collaboration with some of Australia’s preeminent medical research institutions.
This connection between research and industry serves the nation through the establishment of new capability and increased capacity, contributing to both sovereign security and economic prosperity for the region.