Medical technology investment to improve lives

11 September 2017

The Biomedical Translation Fund will fund three medical breakthroughs, as announced jointly by The Hon Greg Hunt MP, Health and Sports Minister and Senator The Hon Arthur Sinodinos, Minister for Industry, Innovation ad Science.

The investments are being made for the BTF by one of its three fund managers, BioScience Managers:

  • $5 million in Rex Bionics to develop a hands-free robotic device to help people with severe
    disability to walk, exercise and rehabilitate;
  • $3.3 million to Saluda Medical for neuromodulation technologies for people suffering from
    chronic back pain and other debilitating conditions;
  • $5 million to CHARM Informatics for data aggregation and commercialisation services for
    makers of ‘smart’ medical devices.

A joint venture between the Australian Government and private sector investors, further investments are yet to be made, with a total of $500 million available.

Read the full media release about the Biomedical Translation Fund.

Continue reading “Medical technology investment to improve lives”

$500 million fund will help build Australia’s biomedical industry of the future

The Biomedical Translation Fund (BTF) is to be funded with $250 million over financial years 2015/16 and 2016/17, diverted from contributions originally earmarked for the MRFF.

The BTF will use existing commercial Fund Managers for co-investment on a 50/50 basis, with the investment managers to source the other co-investors. Continue reading “$500 million fund will help build Australia’s biomedical industry of the future”