Well being and Medtech Innovation Seed Fund opens

The Innovation Seed Fund, a program of the Western Australian Future Health Research and Innovation (FHRI) Fund, gives the chance for “Western Australian innovators to develop their novel well being and medical options to prime WA’s commercialisation pipeline, create high-level well being sector jobs and convey improvements that enhance the well being and wellbeing of the neighborhood to realisation.”

Funding will likely be supplied on a aggressive foundation to innovators with early-stage proposals for novel processes, merchandise and/or providers that display potential to be commercialised and that will have a significant influence on the “well being and wellbeing” of the WA neighborhood.

The Innovation Seed Fund is open to innovators primarily based in Western Australia, and purposes will shut 1pm (AWST), Monday 2 Might 2022.

Profitable innovators will likely be awarded funding of $250,000 to $500,000 to undertake key de-risking actions that advance the innovation to a maturity stage the place it’s positioned to draw funding via conventional funding sources to start, or progress, the commercialisation course of. Funded actions have to be accomplished inside not than a two-year interval.

Extra info, together with tips, could be considered and downloaded on the FHRI website.

Any queries associated to this system could be directed to the Western Australian Division of Well being, Analysis and Innovation workplace e-mail – [email protected].