MRFF 2021 BioMedTech Incubator Grant Opportunity
Tender ID: 498109
Tender Details
Tender Description
The BioMedtech Incubator grant provides business up to $50 million to establish a research incubator to identify and select Australian small and medium enterprises (SMEs) undertaking early-stage medical research projects with commercial potential.
What you get?
A grant of up to $50 million to establish a BioMedTech incubator.
Who is this for?
An eligible organisation who can establish a working incubator and select SME's to partner with in new and innovative research projects.
Overview
The 2021 BioMedtech Incubator grant is part of the Medical Research Future Fund (MRFF) and the Medical Research Commercialisation Initiative. This opportunity looks to fund the most suitable organisation who can identify and select a number of Australian small and medium enterprises (SMEs) undertaking early-stage medical research and medical innovation projects that have commercial potential.
The successful organisation, in partnership with SMEs, aims to progress and support medical research and medical innovation projects by:
- providing access to capital and industry knowledge
- facilitating an environment where research projects are incubated
- providing up to $5 million in funding for an SME over 5 years to develop a research project.
The successful organisation must:
- identify and select through open and competitive processes Australian SMEs undertaking early-stage medical research and medical innovation projects that have commercial potential
- work in partnership with the selected Australian SMEs to successfully progress their medical research and medical innovation projects through the early stages of development
- nurture and mentor the next generation of health and medical research innovators in Australia
- assist SMEs in the development of health and medical research to result in interventions, cures, and treatments that address health problems of national significance
- provide project funding of up to $5 million to the selected Australian SMEs and support them to plan and undertake agreed activities, meet relevant milestones and generate required data and evidence
- provide and/or procure specialist support and expertise for the selected Australian SMEs to assist them in successfully planning and undertaking the agreed activities to attract commercial investment
- facilitate meetings, share knowledge and establish networks.
Please see the document for more information.
Location
New South Wales : Central West : Far North Coast : Far West : Hunter : Illawarra : Mid North Coast : Murray : New England : Orana : Riverina : Southern Highlands : Sydney
Queensland : Cairns & Far North Queensland : Gladstone : Mackay Whitsunday Region : Mount Isa & North West Region : Rockhampton : South East Queensland : South West & Darling Downs : The Central West : Townsville : Wide Bay Burnett
Victoria : Barwon South West : Gippsland : Grampians : Hume : Loddon Mallee : Melbourne
South Australia : Adelaide : Eyre & Western : Far North : Fleurieu & Kangaroo Island : Limestone Coast : Murray & Mallee : York & Mid North
Northern Territory : Big Rivers : Central Australia : East Arnhem : Greater Darwin
Australian Capital Territory
Tasmania