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.

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Victorian Medical Technology and Pharmaceuticals Strategy

Research Australia has responded to the Victorian Governments’ discussion paper on the Victorian medical technologies and pharmaceuticals sectors, proposing the Victoria capitalise on its existing expertise in health and medical research and significant infrastructure to take advantage of future growth in this sector. There is significant scope of the Victorian Government to complement and take advantage of the Australian Government’s focus on the sector as a priority area for investment.

Victorian Medical Technology and Pharmaceuticals Strategy