Melbourne's Parkville Precinct, with 18 world-class institutes like WEHI and Murdoch Children's, drives breakthroughs in cancer and immunology, supported by $2.9 billion in funding and collaborations with universities. The Melbourne Academic Centre for Health accelerates translation into care, while Victoria's bioscience cluster—home to Australia's largest—employs 30,000 and ranks globally, fostering innovation through interdisciplinary hubs and clinical trials.