Hudson Institute and National Ageing Research Institute Face Funding Crisis and Absorption
What happened
The Hudson Institute of Medical Research is facing financial pressures that will cause it to cease independent operation and cut at least 75 jobs as it is absorbed into Monash University. The Institute focuses on cancer, inflammation, and women’s and newborn health. Separately, the National Ageing Research Institute warned that it is at risk of closing by 2030 unless its funding picture changes.
From smh.com.au
Why it matters
The absorption of the Hudson Institute into Monash University is occurring amid sector-wide financial strain caused by years of flat government funding for independent research bodies. This move highlights the sustainability challenges facing specialized medical research in Victoria.
From smh.com.au
Who's involved
- Hudson Institute of Medical ResearchChildren’s cancer and women’s health research institute facing absorption.
- National Ageing Research InstituteInstitute warning of potential closure due to viability issues.
- Monash UniversityPublic university into which the Hudson Institute is being absorbed.
Keep exploring
The entities involved
-
Hudson Institute of Medical Research
nonprofit organization in Clayton, Australia
Nothing else this week.
-
National Ageing Research Institute
nonprofit organization in Melbourne, Australia
Nothing else this week.
-
Monash University
public university based in Melbourne, Australia
Nothing else this week.