Industry-based reasearch university

Macquarie University is one step closer to its vision of becoming Australia's leading industry-based research university with the signing of a heads of agreement with global leader in implantable hearing solutions, Cochlear Limited, to move its headquarters from Lane Cove to a 26,000-square-metre international corporate and high-tech manufacturing facility on the campus by 2010.

Part of this vision is the development of Australia's first private teaching hospital on a university campus. This $150 million initiative will e the centrepiece of Macquarie's developments in medicine via the Australian School of Advanced Medicine. The university's goal is to develop about $1 billion of new research and teaching facilities jointly with industry over the next five years.