Up to $5 million to support SMEs in developing innovative medical technologies that include novel or repurposed drugs, medical devices, diagnostics, and digital health technologies.
Current status of program
CLOSED
To register your interest in future rounds or discuss alternative grant opportunities please contact us here.
What is the BioMedTech Incubator Program (BMTI)?
The MRFF 2024 BioMedTech Incubator Grant Opportunity is an initiative under Australia’s Medical Research Future Fund (MRFF) aimed at supporting small and medium-sized enterprises (SMEs) in developing innovative medical technologies. This grant focuses on bridging the gap between medical research and commercialisation, fostering an environment that encourages the translation of research into clinical practice and market-ready products.
BMTI level of support
This grant opportunity offers up to $5 million per project over a period of up to five years, targeting innovations that include novel or repurposed drugs, medical devices, diagnostics, and digital health technologies.
BMTI important dates
- This is closed
- Register your interest here with GrantHelper
BMTI objectives
The grant aims to:
- Enhance the commercialisation and translation of medical innovations.
- Facilitate the development of Australian SMEs in the biomedical technology sector.
- Support projects that can lead to improved health outcomes and contribute to the sustainability of the health system.
Projects eligible for BMTI support
Eligible projects must demonstrate potential for commercialisation and address one or more stages of the development process from proof-of-concept to clinical implementation. Projects should focus on the development of diagnostics, therapeutics, medical devices, or digital health solutions.
See the guidelines for full details of projects eligible for BMTI support.
Other BMTI important details that you will need to know
Organisations eligible for BMTI support
Eligible organisations include:
- Medical research institutes
- Universities
- Corporations, including SMEs incorporated in Australia
See the guidelines for full details of organisations eligible for BMTI support.
BMTI assessment criteria
Applications will be evaluated based on:
- Project impact and alignment with health priorities
- Methodology and feasibility of the project
- Capacity, capability, and resources of the applicant to deliver the project
See the guidelines for full details of the assessment criteria.
How do I get the BMTI?
Applicants must:
- Read and understand the guidelines.
- Ensure eligibility for the funding. Applicants that do not meet all the eligibility criteria will not be considered.
- Deliver the project as outlined in the application.
- Provide complete information requirements.
Information to prepare for the BMTI application
Applicants should gather:
- Detailed project description and plan
- Budget and justification of costs
- Information on project team and organizational capacity
- Letters of support and partnership agreements, if applicable
See the guidelines for full details of information requirements.
Applying for the BMTI
Applications must be submitted online through the GrantConnect website.
Register your interest here with GrantHelper to explore your alignment with this grant and how we can assist you to increase your chances of success.
BMTI resources
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