From today, Australia's best and brightest researches can apply for the fourth and final round of the $45 million BioMedTech Horizons (BMTH) program, which has been successful in bringing cutting edge medical devices to market.
The Australian Government, through the BMTH program, offers $3.2 million in partnership projects to help get innovative new medical devices to the next steps of starting human trials and early stage manufacturing.
The funding is available for up to four well-developed projects that can be completed within a year, and will see devices take the final steps towards commercialisation.
The BMTH program has already achieved great results, with recent funding recipient WearOptimo announcing a deal to manufacture its next generation Microwearable™ sensor health technology.
The wearable device gives patients, and their doctors, early warning of heart attacks, heat stroke and other life-threatening events. The device will be manufactured in Brisbane and distributed worldwide.
The Government supported WearOptimo's research through the BMTH program, to develop the Microwearable technology itself and then its application in monitoring dehydration and cardiac health.
Our researchers are world-class innovators and we are committed to ensuring their research can lead to new treatments, drugs and devices which address our biggest health challenges.
The BMTH program is improving health outcomes for Australians, while also bolstering the biomedical and medical technology sector, boosting employment and growing business.
The Government funds the program through the $20 billion Medical Research Future Fund (MRFF). The MRFF is a long-term, sustainable investment in Australian health and medical research helping to improve lives, build the economy and contribute to the sustainability of the health system.
MTPConnect, a not-for-profit organisation driving innovation, collaboration and commercialisation in the medical technology, biotechnology and pharmaceutical sector, delivers the BMTH program.
Details on how to apply for funding under the program are available at www.mtpconnect.org.au
