The McGowan Government is on the lookout for innovators with novel health and medical related solutions to provide a helping hand to get these to market.
The Future Health Research and Innovation Fund is providing support to innovators to develop and commercialise ideas, create high-level health sector jobs and enhance the production/manufacturing capacity in our State.
The Innovation Seed Fund will help drive health and medical innovation in Western Australia. The Seed Fund offers grants to bridge the commercialisation gap by offering innovators with funding to develop their idea and build sustainable businesses.
Funding will be provided on a competitive basis to innovation proposals that demonstrate potential to develop and commercialise new processes, products and/or services that may have major impacts on the health or wellbeing of the WA community.
Funding amounts of between $250,000 to $500,000 will be awarded to successful applicants to finance an innovation activity to be completed within a two-year period.
For more information visit the FHRI Fund Current funding opportunities website. Applications close on Monday 2 May 2022.
The Program is administered by the Research and Innovation Office (RIO), WA Department of Health. Applicants can direct any questions to [email protected].
As stated by Medical research Minister Stephen Dawson:
“These funding grants will support local innovators and ensure that the Western Australian community can directly benefit from the result.
“We hope to facilitate new health and medical innovation start-up companies in WA and support the novel venture’s journey to maturity and market.
“This will also provide an opportunity to diversify the WA economy, create jobs and improve the sustainability of the WA health system and position WA as a leader in innovation.”
