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.