In 2015, the Australian Regenerative Medicine Institute built upon solid foundations of excellence, with several key events illustrating the growing maturity of our innovative research and collaborative efforts.
2014 was a watershed year for the Australian Regenerative Medicine Institute (ARMI) with the establishment of the second five year strategic plan, guiding the Institute from establishment into an accelerated growth phase from 2014–2019.
The Australian Regenerative Medicine Institute entered its fifth year of operation in 2013, and I am delighted to report that the Institute has continued to expand its research capabilities through the addition of world-class staff, the establishment of strategic alliances and research collaborations, the winning of grants, and the development of premier training programs.
Highlights from our fourth year of operation include the ARMI Scientific Retreat, held at Silverwater Resort near Phillip Island, which gave our research staff the opportunity to review and discuss their research programs with their peers. We were delighted that Professor Peter Rigby and Professor Dame Kay Davies, both eminent members of our newly established Scientific Advisory Board, attended the retreat and welcomed the feedback and recommendations they generously provided.
The Institute continues to go from strength to strength – an increase in staff and students to 100 at year end, a successful competitive grants application program with a 33% success rate and an increasing list of publications including our first Nature paper are all great signs for us.
The last year has been an exciting time for the science of regeneration. Advances in our understanding of the regenerative process in model organisms have been powered by technological breakthroughs in stem cells and tissue engineering. These insights have prompted new approaches to designing therapies for restoring lost, damaged, or aging human cells and tissues. Although the regenerative medicine industry is still in nascent stages of commercial application, the field has emerged as one of the largest growth drivers of the global economy, with a market predicted to reach US$1.4 Billion by 2015, and active support of governments around the world are expected to promote continued high growth for the industry.