Establishing BioMedTech Incubators
Medical Research Future Fund 2024 BioMedTech Incubator grant opportunity
Closing date: Wednesday 31 July 2024 5:00pm AEST Wed 31 Jul 2024 5:00pm AEST
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.
Overview
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).
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:
- 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 individual
- a partnership
- an unincorporated association
- any organisations not included in section 4.1 of the grant opportunity guidelines
- a trust (however, an incorporated trustee may apply on behalf of a trust)
- a non-corporate Commonwealth entity
- 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).
Partner with other organisations
You can partner with one or more other organisations, but you must decide who the lead organisation is.
The lead organisation must fill out the application form.
If we give your group the grant, the lead organisation:
- signs the grant agreement
- receives grant payments
- is responsible for making sure your group follows the rules in the grant agreement, including all reporting requirements.
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
- a list of up to 15 Chief Investigators using the template on business.gov.au (max 15 CIs and none listed in more than one application submitted to a topic within this grant opportunity)
- a detailed project plan (max 12 pages)
- a detailed and itemised project budget
- a one-page statement of how your project will contribute to the Measures of Success for the MRFF
- a detailed risk management plan (max 2 pages)
- details of IP arrangements (if applicable)
- letters of support from each project partner (if applicable)
- a trust deed (if applicable).
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
When the online form is available, you must submit your application through the online portal. You’ll need to set up an account when you first log into the portal. The portal allows you to apply for and manage a grant or service in a secure online environment.
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.
First we check that you meet the eligibility criteria. Eligible applications are then assessed against the assessment criteria by an independent committee of experts.
The amount of detail and supporting evidence you provide should be relative to the project size, complexity and grant amount requested. You should define, quantify and provide evidence to support your answers. The sample application form displays character limits.
The program delegate will make the final decision taking into consideration the recommendations from the independent committee of experts.
We’ll only award funding to applications that score satisfactorily against all 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 now
Apply for the MRFF 2024 BioMedTech Incubator Grant Opportunity now
Before you apply, make sure you:
- read and understand the grant opportunity guidelines
- read and understand 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 MBMRFF grant management resources
Reporting templates are available from the MRFF grants management webpage. The page also provides other resources for MRFF grant administration, including current policies and relevant forms and templates.
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