Establishing a BioMedTech Incubator for dementia and cognitive decline
MRFF 2023 BioMedTech Incubator – Dementia and Cognitive Decline Grant Opportunity
Closing date: Monday 31 July 2023 5:00pm AEST Mon 31 Jul 2023 5:00pm AEST
What do you get?
A grant of up to $50 million to establish a BioMedTech Incubator - Dementia and Cognitive Decline.
Who is this for?
An eligible organisation that can establish a working incubator, to partner with Australian SMEs to progress their promising research and innovation projects through the early stages of development.
Overview
The 2023 BioMedtech Incubator - Dementia and Cognitive Decline Grant Opportunity is part of the Medical Research Future Fund and the Medical Research Commercialisation Initiative.
This opportunity looks to fund a single organisation to identify, select and support Australian SMEs undertaking early-stage medical research and medical innovation projects on dementia and cognitive decline, with commercial potential.
It intends to improve the health and wellbeing of Australians by increasing the number of innovations, novel drugs, novel uses for existing drugs, innovative medical devices and/or digital health technologies addressing dementia and/or cognitive decline.
Check if you can apply
You can apply if you meet the eligibility criteria. The eligibility criteria are a set of rules that describe who we can consider for this grant. You can apply if you:
- are an eligible entity
- have an eligible project
- have eligible expenditure.
The rules are in the grant opportunity guidelines.
You can apply if you:
- have an Australian business number (ABN)
- are incorporated in Australia.
You must also be one of the following entities:
- a medical research institute
- a university
- a corporate Commonwealth entity
- a corporation (including businesses and not-for-profits).
You can’t apply if you are:
- an organisation, or your project partner is an organisation, included on the National Redress Scheme’s list of Institutions that have not joined or signified their intent to join the Scheme
- an employer of 100 or more employees that has not complied with the Workplace Gender Equality Act (2012)
- an individual
- a partnership
- an unincorporated association
- a trust (however, an incorporated trustee may apply on behalf of a trust)
- a non-corporate Commonwealth entity.
Partner with other organisations
Joint applications are encouraged.
You can partner with one or more other organisations that also meet the eligibility criteria, but you must decide who the lead organisation is.
The lead organisation must fill out the application form and enter into the grant agreement with the Commonwealth.
We can only accept applications that provide:
- evidence from your board (or chief executive officer or equivalent if there is no board) that the project is supported, and that you can complete the project and meet the costs of the project not covered by grant funding
- letters of support from each project partner.
How to apply
Check if you’re ready to apply for a grant
Finding a suitable grant opportunity is just the start of the process to get funding. The application process can take time and effort. Understanding the entire process will help you be grant ready and may improve your chances of getting funding.
Use our checklist to find out what it takes to apply for a grant.
When you're ready to apply
Apply using our online portal:
- Create or log into your portal account.
- Follow the instructions to complete your application.
- Submit your application before the close date.
Make sure you include enough detail and supporting evidence in your application to help us decide whether to award you the grant.
Don’t submit the application until it’s complete. You can’t correct a mistake.
We know many businesses have concerns about the impact of COVID-19 on grant applications and grant management. When applying for a grant, consider timeframes and constraints that may impact grant activities due to COVID-19.
If COVID-19 has impacted your ability to meet the obligations of your grant agreement, to discuss your circumstances and how we can assist you, you should contact:
- your customer service manager
- an agent at our Contact Centre.
You can find further COVID-19 government financial assistance and support for Australian businesses on our coronavirus information and support for business page.
We assess your application against the eligibility criteria. Then, an independent committee of experts assess eligible applications against the assessment criteria. Only eligible applications proceed to the assessment stage.
The committee considers your application on its merits, based on:
- how well it meets the criteria
- whether it provides value with relevant money.
We will assess your application based on the weighting given to each criteria:
- Assessment criterion 1: Project impact (40%)
- Assessment criterion 2: Project methodology (30%)
- Assessment criterion 3: Capacity, capability and resources to deliver the project (30%)
- Assessment criterion 4: Overall value and risk of the project (non-weighted).
Scoring information for all assessment criteria can be found at Appendix C and Appendix D of the grant opportunity guidelines.
Apply for the MRFF 2023 BioMedTech Incubator - Dementia and Cognitive Decline Grant now
Before you apply, make sure you:
- read and understand the grant opportunity guidelines
- read the sample grant agreement.
Sample applications
The best way to understand what information you need to provide is to start an application. We have also provided a version to download at the bottom of this page.
Technical help
See our customer portal's frequently asked questions to help with your queries. If you can't find your answer, contact us for assistance.
Contact
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Key documents
Chief Investigator template
xlsx · 0.21 MB