Health and Medical Life Sciences Entrepreneur in Residence Scheme (Australia)

The focus is to provide WA Health and Medical Life Science organisations with funding assistance, where strategically aligned opportunities exist, to attract overseas or interstate entrepreneurs or experts for a time-limited residency role.

Up to $10,000 is available per successful applicant organisation, which will host the resident entrepreneur for a short-term period.

To be eligible, the applicant organisation must be a registered business based and headquartered in Western Australia and must not be an individual, sole business operator, government agency, university, medical research institute, or hospital. The business must have been operating for at least 12 months at the date of application and must operate in the Health and Medical Life Sciences sector. It should hold at least one of the following: a valid Certificate of Incorporation, a current Australian Business Number (ABN), or a current Australian Company Number (ACN). The entity must also be legally solvent, have not previously received EIR funding, and be willing and able to contribute all necessary cash and in-kind expenses expected of the host organisation in line with the budget provided within the application.

Applicants must demonstrate a proposed budget with quotes and costs to the value of the requested amount and cannot request funding for cost items for the EIR sponsorship scheme through another external funding program. Successful applicants must utilise the sponsorship funds only for eligible costs stipulated within the EIR Applicant Information Pack and complete all activities associated with the proposal during FY2025/2026.

Additionally, applicants must justify alignment with the Health and Medical Life Sciences Industry Strategy and demonstrate proposed outcomes for their business and Western Australia. They will be required to enter into an Agreement with JTSI and provide a survey response upon completion of the residency, including evidence of outcomes and benefits to WA. The organisation must have contacted the Western Australian Life Sciences Innovation Hub (WALSIH) to discuss potential partnerships and interorganisational opportunities for the residency to maximise impact. The application must also include the CV of the proposed Resident Entrepreneur and a signed Resident Entrepreneur Declaration and Statement of Endorsement Form as appendices.

For more information, visit Government of Western Australia.