ClosedBusiness2021 BioMedTech Incubator

MRFF 2021 BioMedTech Incubator

Australian Government · Australia

The MRFF 2021 BioMedTech Incubator grant provides up to $50 million to establish a research incubator that identifies and selects Australian SMEs undertaking early-stage medical research and innovation projects with commercial potential. The successful organisation will partner with selected SMEs and provide support, expertise and project funding to help progress those projects.

Official Grant Page

Funding

Up to $50M

Duration

up to 5 years

Location

Australia

Who Can Apply

Must be an eligible organisation able to establish a working BioMedTech incubator Must run open and competitive processes to identify and select Australian SMEs Selected SME projects must be early-stage medical research or medical innovation with commercial potential Must partner with SMEs and provide funding, mentoring, specialist support and network facilitation
Applicants must be an eligible organisation capable of establishing a working BioMedTech incubator and selecting SMEs to partner with in new and innovative research projects. The successful organisation must identify and select Australian SMEs undertaking early-stage medical research and medical innovation projects with commercial potential through open and competitive processes, work in partnership with those SMEs, provide project funding of up to $5 million per SME over 5 years, and provide or procure specialist support and expertise to help them undertake agreed activities and attract commercial investment.

What's Funded

Establishing and operating a BioMedTech incubator; identifying and selecting Australian SMEs through open and competitive processes; partnering with SMEs on early-stage medical research and medical innovation projects; providing project funding, specialist support, mentoring, networking, and access to capital and industry knowledge.

Expected Outcomes

A functioning BioMedTech incubator that selects and supports Australian SMEs, progresses early-stage medical research and innovation projects, generates data and evidence, attracts commercial investment, and helps develop interventions, cures and treatments addressing health problems of national significance.

Key Information

Applicant Types

companynon_profituniversityother

Stage

established

Funding Purposes

researchinnovationcommercialisationr_and_d

Keywords

MRFFMedical Research Future FundBioMedTechincubatormedical researchmedical innovationSMEcommercial potential

Frequently Asked Questions

What is the MRFF 2021 BioMedTech Incubator?

The MRFF 2021 BioMedTech Incubator is a business grant offered by Australian Government in Australia, providing Up to $50M in funding. The MRFF 2021 BioMedTech Incubator grant provides up to $50 million to establish a research incubator that identifies and selects Australian SMEs undertaking early-stage medical research and innovation projects with commercial potential. The successful organisation will partner with selected SMEs and provide support, expertise and project funding to help progress those projects.

How much funding does the MRFF 2021 BioMedTech Incubator provide?

The MRFF 2021 BioMedTech Incubator provides Up to $50M in funding. The typical project duration is up to 5 years.

Who is eligible for the MRFF 2021 BioMedTech Incubator?

Must be an eligible organisation able to establish a working BioMedTech incubator Must run open and competitive processes to identify and select Australian SMEs Selected SME projects must be early-stage medical research or medical innovation with commercial potential Must partner with SMEs and provide funding, mentoring, specialist support and network facilitation

What activities are funded?

Establishing and operating a BioMedTech incubator; identifying and selecting Australian SMEs through open and competitive processes; partnering with SMEs on early-stage medical research and medical innovation projects; providing project funding, specialist support, mentoring, networking, and access to capital and industry knowledge.

How do I apply for the MRFF 2021 BioMedTech Incubator?

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