Medical Research Future Fund: BioMedTech Incubator Grant (Australia)

The 2024 BioMedTech Grant Opportunity is part of the Medical Research Future Fund and the Medical Research Commercialisation Initiative.

This opportunity looks to fund suitable organisations to identify, select and support Australian SMEs undertaking early-stage medical research and medical innovation projects that have commercial potential.

The intended outcome of the research funded by this grant opportunity is to improve the health and wellbeing of Australians by increasing the number of SMEs developing novel biomarkers, diagnostics, therapeutics, assistive devices and/or digital technologies that have progressed through the early stages of research and development to the point where they are ‘de-risked’ and attractive to private investment for commercialisation.

Applicants may propose to support development of innovations in their area/s of strength (i.e. applicants are not required to propose a program that covers the breadth of the biomedtech sector).

What do you get?

• Grants of up to $33 million to establish BioMedTech Incubators.

Who is this for?

• An eligible organisation who can establish a working incubator, to partner with Australian SMEs to progress and new and innovative medical research projects through the early stages of development.

Eligible Entities

• You can apply if you:
  • have an Australian business number (ABN)
  • are incorporated in Australia.
• You must also be one of the following:
  • a medical research institute
  • a university
  • a corporate Commonwealth entity
  • a corporation (including businesses and not for profits).

Ineligible

You can’t apply if you are:

• an individual
• a partnership
• an unincorporated association
• a non-corporate Commonwealth entity

For more information, visit Australian Government.