How to plug holes in Australia’s privacy law

While Australia’s privacy law has made a
good start in encouraging better security hygiene, it may not go far enough to
get all Australian and partner businesses in line.

The privacy act will
pressure most Australian
business to provide information on sensitive data breaches since it mandates
the law on commonwealth government agencies, private sector organisations and relevant
businesses.

Its
one downside is that the penalties are far below those
of many recent privacy mandates. The
Australian maximum penalties of $360,000 for individuals or $1.8 million for
organisations – and breach disclosure applies only to organisations that exceed
$3 million annual turnover. This is a far cry from the European Union General Data Protection
Regulation (EU GDPR) which applies penalties of up to 4 per cent GDP or up to
20 million euros ($A30 million), whichever is higher!

Big fines are not the only incentive to
encourage better security practices, posture and hygiene. Privacy law should
help to encourage breach disclosure, with merit given to those that practise
privacy by design or who embed security into their data policy.

Organisations that can account for their
security systems and take steps to ensure they have the right technologies and
plans in place to ensure and prove protection, can use solutions that help to expose
or protect data, or report on the existing security policy that helps to define
their data processes and hierarchy.

There is value in the approach taken by the
Australian Signals Directorate (ASD) in actively engaging with businesses in
the case of an incident and offering support before, during and after the
mandatory notification that would be triggered under the breach notification
laws. This also promotes the adoption of powerful mitigation techniques while
encouraging businesses to move to a better security posture and transparency in
data privacy and protection policy.

This is why my company choses to align with
the ASD security incident mitigation strategies, as it promotes taking a
positive approach to embedding data security into the business process from the
outset. The ASD also recommends many
essential technologies that can help organisations to automate and accelerate
the mission of implementing better data security.

Finally, security by default can help to shore
up response plans that can be ready in the event of a breach. We have always
aligned with security baselines like the ASD, that help to connect the dots
between the regulation requirements and the security controls. In the case of
bettering one’s incident response plans, practising the ASD security controls
will help to ensure that the proper information is available when the IR
process is conducted. Effectively, compliance with the data security mandate is
already built into the IR process.

Are Australians capable of providing
information on sensitive data breaches?

With the
right security solutions and proper preparation around security policy,
architecture and implementation, such as proactive assessment, and real time
prioritisation of security events, it is possible for organisations to provide
the full scope of a data breach.

But I’m not
convinced they are quite ready to do this. Given the recent string of data and
information breaches worldwide, there is still much to do to ensure breach
discovery and report perfection.

Evidence
from many recent reports on data breach investigations show that most
organisations are not quite to the point of adequate breach intelligence
reporting. According to the Ponemon Institute 2017 Cost of Data Breach
Study
sponsored by IBM, it still takes 214 days to identify a breach root cause, and
another 77 days to contain a breach. These numbers are still much too high to
align well with the current requirements listed in many data protection regulations
that call for 72-hour notification.

Compliance regulation holes

A few
obvious holes exist in the major Australian privacy mandates, such as the
exclusions of companies under $3 million in turnover. That represents a large
proportion of businesses and could account for a significant potential data
loss which would not be publicly disclosed.

The
importance lies in a deficiency in enforcement of the compliance regulations
and security controls. With data exploits and losses in the first half of 2017
topping more than the entire year of 2016, we must ensure alignment with the
security controls recommended in Australia’s compliance regulations. The key is
to ensure that security controls required by compliance regulations are
enforceable and measurable. This has always been a gap in the past, where
security and regulations have never filled the breach.

At least
one security vendor is focusing on directly aligning security technology with
regulations to address this gap.

Choosing
the ASD as a compliance baseline to help target security controls that need to
be in place to protect data is one way that businesses can immediately identify
anomalies in the business process, but assure that they have security data on
hand necessary to prove that the incident was dealt with proactively and that
the security control was enforced as per the data privacy policy of the
business.

New technology is also an incipient threat.
I believe that emerging tech is putting compliance standards at risk. We have
never had a period with more unsupported vulnerable applications and operating
systems globally as we do now. Many of
the recent major exploits, such as WannaCry were successful by preying on
unsupported system vulnerabilities – something that’s unacceptable in this age
of advanced security technology.

Our own technology has always recommended a
defence in depth approach with the proper application control and ironclad
protection on the front end. Just as the ASD mandates application whitelisting
as the #1 mitigation of its essential
eight, we advocate that applying a positive security approach that can
prioritise events in real time. Enforcing the trust policy will lead to
eliminating the risk of vulnerabilities, while automating the process of
identifying potential anomalies that target our systems and data.

Carbon Black recommends a defence in depth
approach with the proper application control and ironclad protection on the
front end. Just as the ASD mandates application whitelisting as it’s number one
mitigation, we advocate that applying a positive security approach that can
prioritise events in real time while enforcing the trust policy will lead to
eliminating the risk of vulnerabilities, while automating the process of
identifying potential anomalies that target systems and data.

News emerged recently
that the ASD utilises Carbon Black technology among its own data security
strategies.

In an era of rapid digital transformation, Malaysia recognises the importance of equipping its youth with the necessary skills to thrive in the digital economy. To address this crucial need, a strategic partnership has been formed to empower the next generation through youth skills development.

This alliance brings together key stakeholders from the government, the private sector, educational institutions and industry experts to collaborate on initiatives that enhance digital competencies among Malaysian youth.

The initiative aims to bridge the digital skills gap by offering comprehensive programmes that cater to the specific needs of Malaysian youth. It focuses on equipping them with the essential digital skills required for success in the modern workforce.

By developing a strong foundation in areas such as coding, data analytics, digital marketing and emerging technologies, youth will be ready to take on the challenges and opportunities in Malaysia’s digital economy.

The plans encompass a range of strategies, such as training programmes, mentorship opportunities, industry collaborations and granting access to digital resources. They not only foster technical skills but also emphasise critical thinking, problem-solving, creativity and entrepreneurship.

Envisioning a future where Malaysian youth lead the way in innovation and contribute to the growth and competitiveness of the digital economy, the partnership strives to empower the next generation with these essential skills. By doing so, they not only aim to fulfil the career aspirations of the youth but also ensure their active participation in driving the nation’s progress.

Fostering Youth Skills in Malaysia’s Digital Economy

Ir Ts Dr Aziyati Yusoff, Head of Strategic Partnership for Youth Skills Development, Ministry of Youth and Sports, emphasises Malaysia’s commitment to bridging the digital skills gap among its youth and aligning them with the demands of the digital economy.

With a forward-thinking approach, she acknowledges the significance of embracing new paradigms and perspectives to stay relevant in an ever-evolving digital landscape. By recognising the need to adapt and equip the younger generation with the necessary skills, Malaysia is poised to nurture a workforce that can effectively contribute to the country’s digital transformation and global competitiveness.

“Currently ranked 33rd in technological advancement, Malaysia aspires to become a regional leader,” Dr Aziyati reveals. “While physical platforms have been emphasised, other factors like education integration, cultural wellness, societal maturity, and economic stability are also important.”

Malaysia acknowledges the significance of coding and technical skills but also places value on soft skills and adaptability. School programmes in the country emphasise a well-rounded approach by incorporating STEM activities, innovation competitions, and even sports to enhance social interaction and problem-solving abilities.

This holistic approach ensures that Malaysian youth not only develop technical proficiency but also cultivate essential interpersonal skills, creativity, and the ability to adapt to various challenges. By nurturing a balanced skill set, Malaysia aims to prepare its youth for the multifaceted demands of the digital era, where both technical expertise and soft skills play integral roles in success.

Dr Aziyati acknowledges the importance of coding classes in Malaysia, recognising their role in fostering skills such as planning, problem-solving, and performance evaluation. The country’s education blueprint focuses on utilising information and communication technology (ICT) to enhance the quality of learning.

This is achieved through the implementation of online classrooms, robotics competitions, and government initiatives like the Digital MakerSpace and Multimedia Super Corridor (MSC). By leveraging these platforms and programmes, Malaysia is actively promoting the integration of technology into education and empowering its youth to thrive in the digital age.

The government promotes inclusivity and equal opportunities through various initiatives that aim to provide practical platforms for knowledge and anticipate the challenges and opportunities brought by technology.

These initiatives aim for wider engagement and to create an environment where students have access to digital resources, hands-on learning experiences and opportunities to showcase their skills.

Advancements in digital technology benefit the economy by creating jobs, improving employability rates, fostering digital content creators, supporting governmental agendas and providing a return on investment.

Smart partnerships with various ministries, including the Ministry of Economy, Ministry of Communications and Digital, Ministry of Science, Technology and Innovation, and Ministry of International Trade and Industry, contribute to these benefits.

“Smart partnerships ensure the relevance of training and knowledge content, while industries are open to hiring special needs graduates, offering training tailored to their abilities,” Dr Aziyati reiterates.

In the modern world, diverse cultural values and socioeconomic achievements define our lifestyles, Dr Aziyati observes. The Malaysia Digital Economy Blueprint embraces the globalised nature of information systems, which facilitates cultural exchange and emphasises the impact of digital technology on societal resilience and the future-proofing of the economy.

Despite economic challenges, Malaysia’s resources and diversity have facilitated national transformations. The government understands that consistent and continuous investment in youth development through training and education is crucial for ensuring sustainable progress and national sustainability.

The education system and institutions play a crucial role in facilitating successful partnerships and collaborations. Both national and institutional levels are open to innovative ideas and opportunities for partnerships.

The Ministry of International Trade and Industry supports initiatives by the Ministry of Education and the Ministry of Higher Education to establish partnerships with other countries. Collaboration with education institutions from countries like the UK, USA, Australia, Germany, European nations, Asian countries and APEC nations is pursued through international knowledge exchange.

Through such partnerships, a wide array of opportunities, initiatives, incentives, and projects are being implemented to benefit the citizens. These activities span various domains, including student and cultural exchange, expert sharing, technology transfer, intellectual discourse and skill mobility.

The aim is to foster mutual growth, facilitate the transfer of knowledge and expertise and create a dynamic environment that promotes innovation and skill development among individuals. As Malaysia promotes the Fourth Industrial Revolution, it requires a highly skilled workforce and smart citizens to attract investment for a better economy.

“To facilitate execution and foster innovation in the digital economy, proper planning and provision in the areas of manpower, machinery, and methods are crucial. Some also emphasise materials and mediums,” Dr Aziyati explains. “Youth entrepreneurs can adopt these approaches to boost productivity.”

Since 2013, the Federal Government has launched various initiatives and projects, including policies on science, technology, and innovation, IoT strategy, Smart City framework, cybersecurity, and the digital economy blueprint, with implementation planned until 2025.

Dr Aziyati agrees that expanding strategic relationships with other countries becomes easier with transparency as governance is visualised through paperless documents, faster approvals, efficient repayment methods and increased output capacity.

While online application processes are already in place, information security, cybercrime, cryptography and privacy concerns must be addressed, she reveals.

Over the past five years, Malaysia has experienced political changes and evolving government institutions. Despite these fluctuations, the youth and future generations remain focused on the impact and development of the digital economy.

“To achieve successful implementation of integrated e-governance, a nation must attain key elements such as political stability, economic prosperity, social harmony, technological modernisation, environmental sustainability, and legal strength,” Dr Aziyati opines. “These factors collectively contribute to effective governance and ensure a holistic approach towards leveraging digital technology for the betterment of society.”

Sustaining the momentum of digital economy efforts and utilising strengths and opportunities can lead to enhanced business, partnerships and economic growth. Transformation and readiness for change are key factors for success, along with incorporating fresh ideas from young minds and a skilled workforce.

Dr Aziyati is convinced that aside from financial assistance, Malaysia can secure long-term stability and progress by implementing a thorough and consistent transformation programme.

The Ministry of Youth and Sports in Malaysia is responsible for the supervision and advancement of eSports players. However, there are existing challenges concerning the welfare of developers within this domain. As a result, the ministry is actively seeking new policies and measures to address and strengthen this aspect, ensuring the well-being and support of young developers in the future.

In her new role overseeing Training Management for skills institutions, Dr Aziyati continues to prioritise partnerships with industry to promote digital technology advancement. To improve governmental institutions, she proposed the following:

Increase budget allocations for youth in the digital economy
Expand youth development programmes for mastering digital skills
Provide more incentives to support youth in adapting to the fast-paced digital world
Implement transformative programs in STEM, digital education, and school projects
Foster flexible ideas for national digital improvements
Reduce bureaucracy in project decision-making processes
Encourage creativity by minimising organisational hierarchy limitations
Minimise the use of paper forms
The transition from old-school work delegations to foster flexibility through collaborative discussions and cooperative deliveries

To realise these improvements, both financial support and organisational adjustments are necessary.

The Ministry of Education has identified a concerning trend where nearly 50% of school leavers are choosing not to pursue higher education. This issue is influenced by several factors, including the high cost of education, a perceived lack of job guarantees, and the belief that courses offered may not provide sufficient marketability compared to the appeal of social media businesses and gig economy jobs.

Dr Aziyati feels it is crucial to conduct a study that examines the relevance of current school curricula, the courses offered by higher education institutions and the demands of industries. Recognising the interdependence among these entities is vital, as failure to address outdated education content and maintain the status quo could result in a substantial gap in producing high-quality graduates.

By understanding the evolving needs of industries and aligning educational programmes accordingly, Malaysia can ensure that its education system remains responsive, equipping students with the necessary skills and knowledge to meet the demands of the job market effectively.

“To inspire young people, it is important to emphasise the importance of passion and willingness to continuously learn, improve and contribute to society,” Dr Aziyati says. “Success requires effort and perseverance, as reflected in the quote: genius is 1% inspiration and 99% perspiration.”

While young people may encounter misleading information and failure, it is part of the learning process. She believes that patience, persistence, and perseverance are key in this journey if one’s pursuits are beneficial to society.

Dr Aziyati strongly believes that by consistently pursuing personal growth and making significant contributions, success and recognition will naturally follow. She feels that this journey should not solely revolve around personal improvement, but also include a commitment to leaving a positive legacy for future generations.

Additionally, it is crucial to acknowledge the inherent value of the learning process itself, which cannot be easily replaced. However, Dr Aziyati acknowledges that individuals may sometimes be influenced by the opinions of others and consequently choose paths that they are not genuinely passionate about.

While quick money-making opportunities may come and go, Dr Aziyati underscores the enduring value of education and the credentials earned through hard work. She encourages individuals to prioritise long-term gains, as the knowledge and skills acquired through education will have a lasting impact throughout their lives.

“By channelling the passion of young people towards constructive and educational endeavours that bring benefits to the nation, we can unleash their potential and make meaningful contributions to their personal and societal growth,” Dr Aziyati concludes.

NSW Expanding Drone Capabilities to Enhance Emergency Response

Trials of specialised long-range drones will be conducted by the peak body for aquatic safety in NSW in June 2023 along the far north coast. These drones have been specifically designed to enhance safety, improve emergency responses, and aid in natural disaster situations, both offshore and on our beaches.

Supported by funding from the NSW Government Department of Primary Industries, the Long-Range Uncrewed Aerial Vehicle (UAV) project seeks to not only extend the existing surveillance programme but also broaden its scope to encompass a more extensive portion of the NSW coastline.

The project’s primary objective is to explore the capabilities of this new generation of drones and their potential applications in enhancing public safety, not only in coastal areas but also in diverse scenarios such as flood and bushfire emergencies, as well as search and rescue operations.

By leveraging these specialised long-range drones, the project aims to assess their effectiveness and determine how they can be integrated into emergency response strategies to provide comprehensive coverage and swift assistance during critical situations.

During the trial, real-life scenarios will be simulated to ensure the safe operation of various types of drones capable of extended flights and operating beyond the visual line of sight (BVLOS). Currently, the aquatic safety company boasts the largest coastal UAV surveillance programme in the Southern Hemisphere.

The efficacy of the company’s drone capability was evident during the previous year’s floods when they played a crucial role in providing a comprehensive overview of the unfolding disaster across the state. By using drones, the aquatic safety company assisted the NSW State Emergency Service (SES) in gaining a better understanding of the situation and determining the most effective ways to provide support to affected communities. This demonstrated the potential of drones to enhance emergency response efforts and direct resources more efficiently during challenging situations.

The NSW Minister for Emergency Services expressed enthusiasm for the project, highlighting its potential to revolutionise emergency services’ response in various public safety areas, including shark management, fire and flood emergencies, and search and rescue operations. The Minister emphasised the limitless possibilities that this project could bring.

Recognising the aquatic safety company’s expertise in water safety, the Minister acknowledged that long-range drones would enable the exploration of innovative and cost-effective methods to enhance beach safety. By harnessing the full potential of technology, the project aims to leverage advanced drone capabilities to ensure the utmost safety along the coast.

The CEO of the aquatic safety company acknowledged the significant potential of incorporating long-range drones into their operations. Not only would these drones enhance shark surveillance efforts, but they would also enable emergency services to reduce response times during incidents and enhance situational awareness across a wide range of scenarios.

The expansion of their drone capability would provide an increased aerial perspective, allowing for improved monitoring and potentially saving more lives. The CEO expressed excitement about the upcoming trial, eager to witness the performance of different drone types and the possibilities that lie ahead in using this advanced technology.

As of 2022, the global commercial drone market was valued at approximately US$29.86 billion, with projections indicating a compound annual growth rate (CAGR) of 38.6% from 2023 to 2030. Drones have found widespread applications across various industries, including emergency response and filming.

Their demand remains particularly high in the construction and real estate sectors due to their ability to conduct property surveys, provide real-time project updates, enhance safety measures, and mitigate potential accidents on construction sites. The use of drones in business settings has experienced substantial expansion in recent years. Manufacturers and providers of drone software solutions continue to invest in research, development, and innovation to cater to the diverse needs of different markets.

CSIRO Leads Ground-breaking International Nutrient Voyage

Taking part in an unprecedented expedition to the Southern Ocean, 14 prominent ocean chemistry laboratories hailing from 12 nations will collaborate to gather crucial oceanic information and assess the methods employed in measuring oceanic parameters.

The Australian national science agency, CSIRO, assumes leadership in the ground-breaking International Nutrient Intercomparison Voyage (INIV), a 14-day endeavour aboard their research vessel, the RV Investigator. Departing from Hobart on 5 June 2023, the mission aims to advance the understanding of oceanic dynamics.

The Chief Scientist of the voyage and Principal Research Engineer at CSIRO expressed that this extraordinary expedition presents a valuable chance for international laboratories to join forces and exchange their expertise.

By collecting data crucial for monitoring the well-being and productivity of the oceans, the voyage serves as a unique platform for collaboration and cooperation among global ocean chemistry laboratories. Over the course of 14 days at sea, the participating scientists will work closely together, employing standardised, state-of-the-art technologies and methods in their comprehensive ocean sampling efforts.

The dataset obtained from this expedition holds exceptional value as winter voyages to the Southern Ocean are infrequent due to the challenging oceanic conditions during this season. Furthermore, the data collected during this voyage will play a crucial role in bridging an information gap within existing records. This newfound knowledge will enhance researchers’ understanding of the fluctuations in nutrient levels throughout the Southern Ocean across different seasons of the year.

The Southern Ocean plays a crucial role in mitigating the effects of human activities, as it absorbs approximately 40%of carbon dioxide emissions. Additionally, its nutrient-rich waters sustain essential food webs and support overall productivity.

To study oceanic properties and nutrients, the participating researchers will utilize the advanced oceanographic instruments and onboard laboratories available on the RV Investigator.

A key technology employed for this purpose is the CTD (conductivity, temperature, depth) instrument, which enables the collection of seawater samples from various depths in the ocean. Capable of being deployed to depths of up to 6000 meters, the CTD instrument can gather up to 36 seawater samples from different points along the water column. The teams anticipate amassing and analysing over 5000 seawater samples throughout the course of the voyage.

A researcher from the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) emphasised the significance of the voyage in establishing a worldwide network among laboratories. In light of the swiftly evolving oceanic conditions, comprehending these changes holds the utmost importance.

The expedition is expected to not only enhance the overall quality and consistency of the global database but also offer a distinctive platform for educational networking and fostering future collaborations.

During the voyage, the participants will engage in a series of workshops and presentations aimed at sharing the knowledge acquired with their colleagues on land. Additionally, as part of the World Oceans Day celebrations on 8 June 2023, the voyage participants will deliver presentations to school students.

This remarkable expedition serves as a notable collaboration in the realms of science, education, and training. It plays a pivotal role in nurturing scientific advancements and cultivating skilled scientists necessary for safeguarding the future well-being and prosperity of the world’s oceans.

The participating countries in this voyage encompass Japan, China, South Korea, the United States, the United Kingdom, Canada, Brazil, Argentina, Spain, the Netherlands, France, and Australia.

Australia: Renewed Collaboration for Sustainable Transport

Australia’s Minister for Infrastructure, Transport, Regional Development and Local Government and the Governor of Michigan jointly renewed and expanded cooperation between Australia and Michigan to foster collaborative efforts in preparing for a transport future that prioritises environmental sustainability, safety, enhanced connectivity, and improved accessibility for communities.

The Memorandum of Understanding (MoU) will serve as the foundation for continued collaboration between the automotive and technology sectors of Australia and Michigan, as well as policymakers from both regions.

The Memorandum of Understanding (MoU) highlights the shared dedication of the individual and Governor Gretchen Whitmer to address climate change by reducing emissions in the transport sector. It emphasises the importance of fostering collaboration in developing future technologies and enhancing supply chain connectivity within the sector.

Similar to Michigan, Australia has made a commitment to achieve net zero emissions by 2050. This MOU will facilitate future collaboration between the two jurisdictions, ensuring that the transport sector actively contributes to the overall goal of emissions reduction.

New and emerging transport technologies have the potential to enhance accessibility, safety, reduce congestion, and increase productivity. Recognising the significance of these advancements, the Australian Minister stated that the government assumes a strategic leadership role in facilitating the safe and lawful adoption of such technologies in Australia. In this endeavour, Michigan, known as a longstanding global hub for automotive industry innovation, becomes an important international partner in further advancing its collaborative efforts in the field of transport technology.

Importantly, within the Memorandum of Understanding (MoU), Australia’s commitment to enhancing the engagement of First Nations businesses in the automotive sector, including future transport business opportunities, is outlined.

This commitment aligns with the Albanese Government’s dedication to ensuring that Australia’s foreign policy reflects the country’s complete identity. The continuation of the collaboration between Australia and Michigan is eagerly anticipated, as it will contribute to the achievement of a better and safer transport future that forms the foundation of prosperity for both regions.

Smart transport, also known as intelligent transport, refers to an advanced infrastructure for transportation that aims to offer innovative services for managing traffic and transport. It encompasses various applications like parking management and guidance, passenger information, and traffic control. The global smart transportation market is anticipated to expand to US$251.0 billion by 2030, with a compound annual growth rate (CAGR) of 10.2% from 2021 to 2030.

Intelligent transportation systems (ITS) are advanced applications that provide ground-breaking services for transportation and traffic management. These systems allow multiple users to be better coordinated and informed through the use of technologies such as car navigation, traffic signal control systems, speed cameras, and real-time data analysis. Achieving this intelligent transportation information involves enhancing infrastructure, implementing sustainable fuels for public transport vehicles, and efficiently providing mobility services in rapidly growing cities.

The COVID-19 pandemic has had a profound impact on the transportation industry, causing widespread uncertainty and disruption. Despite these challenges, market players in the smart transportation industry have embraced innovative strategies to capitalise on growth opportunities. There is a growing demand for effective traffic management systems and improved transportation infrastructure to ensure passenger safety.

As the world gradually recovers and implements new restrictions and policies, the transportation sector, particularly in the retail industry, is expected to witness a significant recovery. This recovery, coupled with technological advancements in vehicle safety, is likely to have a positive impact on the smart transportation market.

Moreover, the advent of cloud-based technologies and advancements in vehicle-to-vehicle (V2V) and vehicle-to-grid infrastructure (V2I) have facilitated the realisation of smart transportation. These technologies are designed to offer ground-breaking services in various aspects of transportation and traffic management. They empower users to access improved information and use transport networks more safely and efficiently.

Unlocking AI’s Potential for Accelerated Drug Development

The University of Sydney recently entered into a memorandum of understanding (MoU) with the Australian subsidiary of a pharmaceutical company based in South Korea. The partnership aims to leverage the power of artificial intelligence in identifying potential compounds for accelerated development into treatments for cancers and rare diseases.

Under the MoU, the University’s Drug Discovery Initiative will gain access to the pharmaceutical company’s advanced AI drug development platform, known as Chemiverse. This collaboration will enable the University to harness the capabilities of AI in identifying promising compounds for drug development. Additionally, the company will benefit from collaborating with the University’s esteemed team of researchers and using their cutting-edge drug discovery infrastructure.

The Director of the Drug Discovery Initiative expressed enthusiasm about the collaboration with the company. He highlighted the complexity involved in developing drugs for treating diseases and emphasised the significance of working with Pharos and their advanced artificial intelligence platform, Chemiverse.

The use of Chemiverse in this partnership is expected to greatly enhance the University’s capacity to develop innovative treatments for unmet medical needs. Moreover, the synergies between the platform and the Drug Discovery Initiative will foster innovation and facilitate the establishment of new drug discovery pipelines.

The Drug Discovery Initiative, situated within the School of Chemistry, serves as an interdisciplinary academic network that aims to expedite the early-stage development of drugs by leveraging top-tier individuals, technologies, and tools.

The Pro-Vice-Chancellor (Research Enterprise) emphasised the University’s dedication to translating fundamental research into practical solutions. The partnership with the company is viewed as an opportunity to capitalise on the expertise housed within the Drug Discovery Initiative. Together, they strive to advance the development of potentially life-saving targets for cancer and rare diseases.

The co-CEO of the company’s Australia branch expressed excitement about collaborating with the University and the Drug Discovery Initiative. He said the use of state-of-the-art infrastructure to accelerate drug discovery efforts.

The firm’s Chemiverse platform is a versatile tool that can be employed across the entire spectrum of new drug development, encompassing target discovery to lead compound generation. This advanced platform incorporates a vast amount of big data, approximately 230 million data points, and uses advanced algorithms to facilitate the drug development process.

The company is actively engaged in ongoing research and development as well as commercialisation efforts using the Chemiverse platform. They are currently working on approximately 10 pipeline projects, which include the development of a treatment called “PHI-101” for acute myeloid leukaemia. Notably, PHI-101 is currently undergoing phase 1b clinical trials.

On the other hand, the Drug Discovery Initiative plays a prominent role in the development of new compounds and the identification of collaborative pipelines. They are highly active in their pursuit of advancing drug discovery and forging partnerships in this field.

In March, the NSW Government provided funding for the establishment of the NSW Organoid Innovation Centre. This state-of-the-art facility is a collaborative initiative involving multiple institutions. It focuses on using cutting-edge stem-cell techniques to expedite the process of drug discovery and design.

The pharmaceutical company, earlier this year, became a part of the Sydney Knowledge Hub, which serves as a startup incubator and coworking space located at the University of Sydney. This strategic collaboration aims to foster partnerships and facilitate seamless collaboration between industry and the research community in Sydney.

Queensland Collaborates Science for a Sustainable Future

The Queensland and Bavarian state governments have established a fresh scientific research agreement, aiming to assist Queensland in its efforts to address climate change and achieve its target of net zero emissions by 2050.

This recent agreement establishes an official partnership between the two governments to facilitate collaborative research at the university level, focusing on crucial areas such as sustainable fuels, energy storage, and technologies for reducing emissions.

During a live videoconference, the Science Minister of Queensland and the Bavarian Minister for Science and the Arts signed the agreement between the two states. This agreement capitalises on the already established research and industry ties between Queensland and Bavaria. Notable collaborations include the partnership between the Queensland University of Technology and the University of Bayreuth in Bavaria, as well as the alliance between the University of Queensland and the Technical University of Munich.

In June 2022, the Bavarian Government proposed an enhanced level of formal cooperation between the state governments of Bavaria and Queensland. This collaboration aimed to bolster joint research efforts at the university level, focusing on priority research areas.

The agreement supports collaborative research in various important fields, including green hydrogen, synthetic fuels, and energy storage. It also encompasses cleantech and emission reduction technologies, artificial intelligence, quantum technologies, additive manufacturing, life sciences, biomedical research, the broader bioeconomy and aerospace.

Through this agreement, research opportunities will arise that contribute to the development of a robust and prosperous economy in Queensland. The aim is to effectively manage the risks associated with climate change while capitalising on the numerous opportunities presented by transitioning to a net zero emissions economy.

The science priorities emphasised in the agreement, such as green and synthetic fuels, improved energy storage, emission reduction technologies, and the bioeconomy, play a crucial role in supporting Queensland’s pursuit of the objectives outlined in the Queensland Climate Action Plan 2030.

The Climate Action Plan serves as a strategic guide for addressing climate change and achieving specific targets within the next decade. These targets include attaining a minimum of 50% renewable energy by 2030, reducing emissions by 30% below 2005 levels by 2030, and ultimately transitioning to a net zero emissions economy by 2050.

By focusing on the science priorities highlighted in the agreement, Queensland can leverage research and technological advancements to advance its climate action goals and make significant progress towards a sustainable and low-carbon future.

The Science Minister of Queensland stated that the agreement between Queensland and Bavaria will facilitate the transfer of knowledge and technology, contributing to the advancement of vital environmental, social, and economic research. Through this collaboration, research topics closely aligned with the priorities of both states will receive support, directly benefiting their economic development.

This agreement ensures that existing international science partnerships will be strengthened and opportunities for new international collaborations will be identified, bolstering the global scientific reputations of Queensland and Bavaria.

Of particular significance is the emerging model of the bioeconomy, which emphasises the sustainable use of renewable biological resources for the production of food, energy, and industrial goods. The new agreement signifies an exciting milestone in Queensland’s broader relationship with Germany, as the two regions work together to provide technological solutions to global challenges.

The Bavarian Minister for Science and the Arts stated that by signing the agreement, the exciting new potential is unleashed. The universities of Queensland and Bavaria are recognised for their excellence and prominent positions in influential rankings.

Both regions represent robust and competitive economies with substantial investments in science and research. Bavaria, through the Hightech Agenda, has implemented a comprehensive strategic program of €5.5 billion dedicated to high-tech research and innovation.

The collaboration between Bavaria and Queensland forms an exceptional partnership, as both regions recognise the significance of addressing global-scale challenges by working together. Shaping the future collectively, they understand the need to provide solutions to pressing questions.

Western Sydney Partners to Build a Tech Hub

Western Sydney University and an IT service management company have signed a Memorandum of Understanding (MoU) to establish a collaborative agreement aimed at generating innovative and purpose-driven outcomes to foster growth, development, and opportunities in the Western Sydney region.

The partnership is founded on a common vision to leverage expertise, resources, and networks in order to position one of Australia’s rapidly expanding regions as a leader in research, technology, and sustainability.

Collaboratively, the two parties will prioritise various projects and initiatives encompassing joint research, piloting cutting-edge technologies, engaging with the community, and advocating for shared goals. This partnership will specifically explore opportunities within five primary areas of focus:

Urban Transformation and Smart City Development
Net Zero Cities and Sustainability
Cybersecurity
Agri-Tech
The University’s Factory of the Future.

The CEO of the IT service management company stated that the MoU signifies the strong dedication of both organisations to actively contribute to the shaping of Western Sydney’s future, with a particular emphasis on fostering connectivity and sustainability. By leveraging their existing relationship, the two parties are poised to explore new avenues of collaboration, drawing upon their combined resources, expertise, and networks.

This collaborative effort aims to propel the development of Western Sydney by incorporating innovative technologies and conducting ground-breaking research. The region’s immense potential to lead in smart city design within Australia is recognized, and the MoU serves as a testament to the shared vision of creating a smarter, more sustainable, and well-connected Western Sydney.

Meanwhile, according to the Vice-Chancellor and President of Western Sydney University, the collaboration was established as a Shared Vision Partnership. As an institution dedicated to serving the Western Sydney community, the University is pleased to join forces with NEC Australia to explore a range of opportunities in research, development, and learning. This collaboration aims to drive innovation and provide support for significant infrastructure projects in the region.

Under this partnership, valuable opportunities will be created for staff, researchers, students, and the wider community. The focus will be on shared advocacy, integrated learning, and the integration of new technologies. Leveraging the University’s expertise in areas such as smart city development, cybersecurity, sustainability, and agri-tech, this collaboration will bring forth innovative solutions and advancements in these domains.

The Chancellor of Western Sydney University stated that expressed enthusiasm for the university-industry partnerships, emphasising the vast potential that can be unlocked through such collaborations. The collaborative venture with NEC Australia is poised to extend beyond the boundaries of innovation and technological advancement.

The MoU will serve as a foundation to enhance and reinforce interconnected and collaborative opportunities. It encompasses a commitment to working within Western Parkland City, the new Bradfield City Centre, and Western Sydney International Airport, thereby fostering regional development and growth.

The collaborative partnership between Western Sydney University and the IT service management company signifies a significant leap forward in harnessing the power of technology to shape the future of Western Sydney. Through joint research, innovative projects, and a shared vision for smart city development, cybersecurity, sustainability, agri-tech, and the Factory of the Future, this collaboration aims to position Western Sydney as a technological leader.

By leveraging their combined expertise and resources, both parties are poised to drive innovation, foster growth, and create a connected, sustainable, and technologically advanced region that sets new standards for research, technology, and development. This partnership holds the promise of unlocking the vast potential of technology for the benefit of Western Sydney’s communities, economy, and environment, paving the way for a brighter and more prosperous future.

June 6, 2023

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