In late May, the Australian Research Council announced a A$21 million ($18 million), seven-year effort called the Special Research Initiative in Stem Cell Science. Many saw the decision as a move to plug a funding hole that will arise when the Australian Stem Cell Centre (ASCC) shutters its doors next June. But whether or not the new funding will serve as a sufficient replacement remains a point of debate.
The ASCC was founded in 2002 to kick start research collaborations and to help scientists commercialize discoveries relating to stem cell biology. However, the A$115 million taxpayer-funded center soon became mired by infighting and poor management. And after failing to become commercially self-sufficient within about a decade — a business aspiration that proved to be ahead of scientific reality — the ASCC is set to close in a year.
The new research initiative, which will fund one or more proposals (applications are due 30 July), is being hailed for focusing on the science over the profitability of stem cells.
“This is a mechanism that will bring together some of the key groups around the country,” says Martin Pera, who left Monash University in Melbourne in 2006 to head up a new stem cell center at the University of Southern California in Los Angeles. “It will build a network that will be a strong platform for future growth.”
By Branwen Morgan

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