This information reflects the previous government. It is in the process of being updated.

MRFF 2021 BioMedTech Incubator Grant Opportunity


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.
Closed

The grant is no longer available

What do 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.

Contact


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Key documents


Grant opportunity guidelines

Sample application form

Sample grant agreement

Progress report template

End of project report template

Board or CEO approval letter

Chief Investigator template

Independent audit report template