Archived Grant Opportunity View - GO5322

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.

Eligible entities

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:

• 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
• partnership
• unincorporated association
• trust (however, an incorporated trustee may apply on behalf of a trust)
• a non-corporate Commonwealth entity.

You can partner with one or more other organisations for your project, 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.

Eligible projects

We can only accept applications that provide:

• details of your nominated Chief Investigator A (CIA) who will take the lead role in conducting the project
• 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.

The rules are in the grant opportunity guidelines.

$50,000,000.00

To apply, go to www.business.gov.au/bmti

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