AUSTRALIA’S HEALTH AND MEDICAL RESEARCH INNOVATION CELEBRATED AT RESEARCH AUSTRALIA’S 21st ANNUAL AWARDS GALA DINNER

The nation’s leading health and medical researchers, innovators and advocates have been recognised at Research Australia’s 21st Health and Medical Research Awards Gala Dinner this evening in Melbourne.

Research Australia’s CEO Nadia Levin reflected on the importance of the Awards. “They honour and celebrate Australia’s outstanding researchers and innovators, and those who support their work across the health and medical research innovation pipeline – whether that be in transformative research, or impactful data innovations. The fact all awards are nominated by sector peers significantly recognises how exceptional these nominees are in contributing to national and global health outcomes.

As the national peak body for the entire health and medical research innovation pipeline, Research Australia views the awards as a celebration of what is working well across the pipeline.

Ms Levin in her speech highlighted some of the current complexities and opportunities in the sector. “We recognise that researchers and innovators are working in a rapidly changing landscape. National and global challenges are becoming more complex. It is imperative that our sector, including the policy and funding landscapes, mobilises the disparate parts of our pipeline, activates the implementation of the policy levers and removes barriers for research and innovation to thrive; and ignites the urgency of getting this done now.

“Right now, we have the unique opportunity to reform and reimagine a whole of system that sets up a future Australia.  One that is responsive, affordable, and sustainable, but also one that enables Australia to reach its potential as a health and medical research innovation global leader. The calibre of the nominees, finalists, highly commended and winners demonstrates Australia’s exceptional talent and our broader potential in health innovation.”

The prestigious Peter Wills Medal, which recognises an individual who has made an outstanding, long-term contribution to building Australia’s international reputation in areas of health and medical research and fostering collaboration for better health, was presented by Research Australia Chair, Martin Bowles AO PSM to Clyde Campbell AM. Mr Campbell founded Shake It Up Australia Foundation, in partnership with The Michael J. Fox Foundation, following a  diagnosis Parkinson’s at age 44. The Foundation aims to increase awareness and funding for Parkinson’s research to prevent, slow and stop the progression of the disease and ultimately lead to a cure. Australia is renowned globally for leading researchers and innovators specialising in Parkinson’s.

Research Australia’s premium event partner was the University of Melbourne, and the award sponsors included Australian National University, AbbVie, the Victorian Government Department of Jobs, Skills, Industry and Regions, Digital Health CRC and GSK.

Assistant Minister for Health and Aged Care, and Assistant Minister for Indigenous Health, the Hon Ged Kearney delivered a keynote address at last night’s event. Attendees also heard from Deputy Premier of Victoria, the Hon Ben Carroll MP, Senator the Hon Anne Ruston, Shadow Minister for Health and Aged Care, and Senator Steph Hodgins-May, Greens Spokesperson for Industry, Innovation and Science.

A full list of winners follows.

2024 Award Winners

Peter Wills Medal: Created in honour of Research Australia’s founder, Peter Wills AC, the Peter Wills Medal is the flagship award and recognises someone who has made an outstanding, long-term contribution to building Australia’s international reputation in areas of health and medical research and fostering collaboration for better health.

Winner – Mr Clyde Campbell AM (Shake It Up Foundation)

Discovery Award (sponsored by Victorian Government Department of Jobs, Skills, Industry and Regions): This Award recognises an early career researcher (anytime from qualification but no more than 5 years past PhD) whose paper/patent/discovery has already demonstrated its importance or impact.

Winner – Dr Mustafa Atee (The Dementia Centre, HammondCare)

Great Australian Philanthropy Award: This Award profiles personal philanthropy that is outstanding in its generosity, effectiveness, vision, high impact and transformative quality. The Award recognises and encourages personal philanthropic donations over a period of time by an individual or family to Australian health and medical research.

Winner – Paul and Sue Taylor

Advocacy Award (sponsored by AbbVie): This Award recognises and congratulates exceptional contributions made by research champions who help raise community awareness and understanding of the importance of health and medical research.

Winner – Dr Jane Tiller (Monash University)

Frontiers Research Award (sponsored by Australian National University): This Award recognises transformative research that could revolutionise health outcomes in Australia and internationally.

Winner – Centre for Microbiome Research (Queensland University of Technology)

Digital and Data Innovation Award (sponsored by Digital Health CRC): This Award recognises an individual or team whose innovation is considered to represent one of the most impactful new data innovations in the health and medical research sector within the past five years.

Winner – The RMIT University-Telstra Health-Digital Health CRC project team

Health Services Research Award: This Award is for an individual or team who has provided leadership and made an outstanding contribution to health services research; driven research that has led to a significant improvement in healthcare; and/or has championed the development of the health services research field.

Winner – Professor Christobel Saunders AO (The University of Melbourne)

GSK Award for Research Excellence: The GSK Award for Research Excellence recognises outstanding achievements in medical research with a focus on improving human health.

This is one of the most prestigious and long-standing awards available to the Australian research community. GSK Australia is proud of its research legacy, having now presented the Award for Research Excellence for more than 40 years, supporting local research and helping to improve health outcomes for patients in Australia and around the world. This year’s award is accompanied by a grant of $100,000 to advance the winner’s research.

Winner – Professor Matthew Kiernan AM (Neuroscience Research Alliance)

NATIONAL PEAK BODY FOR HEALTH AND MEDICAL RESEARCH WELCOMES APPOINTMENT OF STRATEGY CHAIR

The national peak body for health and medical research innovation, Research Australia, welcomes the appointment of Rosemary Huxtable AO PSM to lead the development of the National Health and Medical Research Strategy.

Research Australia has led the call for the development of such a strategy emphasising the need to facilitate coordinated, sustainable investment in research; strengthen the connection between research and healthcare; and support emerging innovative health industries.

Developing the National Health and Medical Research Strategy provides an opportunity to bring a whole of pipeline and whole of governments approach to health and medical research. However, Research Australia reiterates the call that the strategy must include innovation and industry. Just as the Strategic Examination of R&D, currently underway, must include health and medical research.

To be truly national, the Strategy must have input from all States and Territory Governments, all portfolios and jurisdictions.

On behalf of our members across the whole of the health and medical research innovation pipeline, Research Australia looks forward to working with Ms Huxtable who has considerable experience in policy, bringing strong insight into the complexities of research and innovation policy and investment.

EMERGENCY FUNDING RESPONSIBILITY SHOULD BE A CRUCIAL ROLE FOR THE CENTRE FOR DISEASE CONTROL

Research Australia welcomes the Australian Government’s announcement that it will finalise the establishment of the much-anticipated Australian Centre for Disease Control (CDC).

The announcement is in response to the government’s release of the independent inquiry into Australia’s response to the COVID-19 pandemic.

Research Australia also encourages the expansion of the recommendations to include direction of emergency funding and a wider remit in supporting the alignment of Australian research and innovation with unmet health needs.

Research Australia CEO, Nadia Levin said “the establishment of an Australian Centre for Disease Control is an important first step in ensuring Australia is prepared for the next pandemic. In the event of a health emergency, the Australian CDC should have the capacity to direct emergency funding provided by the Australian Government from outside normal funding streams”.

The CDC, with its extensive data gathering and analysis capabilities and its responsibility for assessing and mediating the risks of future health emergencies, will also be ideally placed to coordinate the application of research into prevention and control of disease.

An Australian CDC should play a role in identifying promising interventions (e.g. from clinical trials) with the potential to help address a disease and support the activities needed to help implement and test the intervention in a pilot program and its subsequent scaling up into routine care.

“Research Australia will continue to work with the Australian Government and the Department of Health and Aged Care as the role of the interim CDC is developed and calls on the Government to consider a broader role in supporting Australian researchers across the health and medical research and innovation pipeline”, Ms Levin said.

RESEARCH AUSTRALIA SHARES CONCERNS OF THE SECTOR REGARDING IMPACT OF PROPOSED INTERNATIONAL STUDENT CAPS ON HEALTH AND MEDICAL RESEARCH

The national peak body for health and medical research and innovation, Research Australia, today notes the Australian Government’s announcement that it intends to introduce a National Planning Level for new international student commencements from 2025.

It is widely known that the revenue universities receive from international student enrolments is reinvested back into universities, especially in the funding of research. More than half of all R&D funded within the higher education sector comes from the universities themselves, with health and medical research accounting for 35% of all R&D expenditure in universities.

Research Australia acknowledges that some universities, especially in regional centres may not have their international student numbers reduced under the caps. However, overall Research Australia is concerned that these caps will see a reduction in the amount of lifesaving health and medical research being undertaken, as well as severely reducing some universities’ capacity to cover the full costs of research.

“International students add immensely to Australia’s tertiary education landscape. Research is inherently a collaborative and international endeavour. The diverse perspectives brought by international students foster innovation, drive research forward, and lead to more comprehensive nationally and globally relevant outcomes”, CEO & Managing Director of Research Australia, Nadia Levin said.

“Research Australia urges policymakers to carefully consider solutions that do not jeopardise the future of Australia’s health and medical research capabilities”.

Research Australia will be working closely with our members over the coming weeks to understand the impact of what has been proposed today and will continue to advocate for a strong and sustainable health and medical research landscape and workforce.

Policy Update August 2024

This Policy Update covers developments since the May Budget.

National Science Statement and new National Science Priorities

The much-awaited new National Science Priorities were released on Monday 12 August, and were accompanied by a Science Statement. They are available from the Department of Industry Science and Resources website.

The Science Statement has a strong emphasis on the role science can play in supporting and creating industry, with a strong focus on economic prosperity. This is to be achieved through missions, multidisciplinary research and breaking down siloes, guided by 5 imperatives:

    1. Australian scientists, science institutions, and infrastructure shaping Australia’s science future
    2. Science at the centre of Australian industry
    3. A diverse, skilled workforce to underpin the translation of science into new industries
    4. Embracing science to drive Australia’s regional and global interests
    5. A science system prepared for future challenges

The new Statement provides an opportunity to position the health, disability and aged care sectors as an ‘industry’ that is vital to Australia’s future success and prosperity, as a means of aligning health and medical research more closely with the Statement.

The Statement also focuses on encouraging people to undertake STEM careers but there is little on supporting the existing research workforce. A lot about missions, multidisciplinary research and breaking down siloes.

Five national Science Priorities have also been identified:

    • Transitioning to a net zero future
    • Supporting healthy and thriving communities
    • Elevating Aboriginal and Torres Strait Islander knowledge systems
    • Protecting and restoring Australia’s environment
    • Building a secure and resilient nation

Supporting healthy and thriving communities is a very broad priority, embracing social and environmental determinants, and building health literacy. It includes disability and ageing, as well as health and medicine more generally.

Modernising Human Tissue laws

On Thursday 14 August, the Attorney General, the Hon. Mark Dreyfus and Assistant Health Minister the Hon. Ged Kearney MP announced an inquiry by the Australian Law Reform Commission into Australian tissue donation laws. Largely the responsibility of the State and territories, the review will consider whether legislative reform is required to harmonise laws across the nation. The inquiry will include consideration of donation of tissue for scientific purposes. Further information on the Inquiry is expected to be provided on the ALRC’s website in coming weeks.

Australian Centre for Disease Control

While the interim Australian CDC has been operating within the Department of Health the Department has advised a new timeline for its development, to enable recommendations from the report of the COVID-19 Inquiry, due at the end of September, to be incorporated into the design, followed by further consultation. The establishment of the Australian CDC will be subject to the passage of legislation; the lack of funding for the CDC in this Budget indicates the Government does not expect it to start in this financial year.

Australia’s Economic Accelerator

Only available to universities and funded through the Education portfolio, the AEA is set to provide funding of $270 million over 2024/25, through two separate programs:

Round 1 Round 2
AEA Ignite

Proof of Concept (TRL2.3.4)

Max. $500,000 for 12 months

$60 m. open now $30m. open Nov.24
AEA Innovate

Proof of Scale (TRL 5,6,7)

Max. $5m. for up to 2 years

$120m. open now $60 m. early 2025

For AEA Ignite an industry partner is recommended and it is mandatory for AEA innovate.

The programs must fit within the Government’s seven Priority areas for investment:

    • Value-add in Resources
    • Agriculture, forestry & fisheries
    • Medical Science
    • Renewables & low emission tech
    • Defence Capability
    • Transport
    • Enabling capabilities

In addition to being in one of these priority areas, The AEA Advisory Board for the Australia’s Economic Accelerator has set the investment plan for the AEA for 2024/25. As a result, any proposal must also fit one of the six focus areas selected by the Board:

    • Critical and strategic minerals processing
    • Sustainable fuels
    • Digital agriculture
    • Quantum
    • Artificial intelligence
    • Advanced manufacturing

The most likely ‘fits’ within the focus areas for medical science are going to be products which require advanced manufacturing or utilise AI.

The focus area may change when the AEA Advisory Board sets its new investment plan for 2025/26.  More information is available here.

National HMR Strategy

The National HMR Strategy now has its own webpage.

‘The strategy will:

    • cover the entire sector and include all levels of government, industry, philanthropy, academia and consumers
    • strengthen and leverage Australia’s world-leading research capability.’

Several current activities have been brought under the umbrella of the National Health and Medical Research Strategy, including:

    • The MRFF/MREA alignment
    • The National One Stop Shop; and
    • The health and medical research workforce audit

MRFF/MREA Alignment

The MRFF/MREA alignment is proceeding in two stages, with legislative change required to fully implement a merged administration of the MRFF and MREA, with both funds managed by the NHMRC. ‘In the interim, the NHMRC and the department are working together to address key concerns and issues while we consider options for implementation. This includes working together to better use existing advisory committees (eg MRFF will seek advice from NHMRC committees), developing and implementing policies together, and other efforts that better align the two funds without requiring formal governance reforms.’ [Consultation Summary Report, Next Steps.]

Strategic Examination of R&D

Announced on Budget night, the new strategic examination of Australia’s R&D system is intended ‘to determine how we can get more value from every taxpayer dollar invested in research, maximise the contribution of science and R&D to the broader economy and maintain our competitive edge.’ Led by the Science and Industry Minister, it is nonetheless be a whole of government review.

A secretariat has been set up within the Department of Industry Science and Resources, and Dom English has moved from the Department of Education to lead the Secretariat. Consultation on the terms of reference and the members of the independent panel has been undertaken but the results are not yet public.

With health and medical research representing 26% of all Australian R&D, Research Australia will continue to champion a focus on health and medical research as part of this review.

National Reconstruction Fund

Fulfilling an election promise, the legislation to create the National Reconstruction Fund (NRF) was passed in early 2023.

The NRF was initially scheduled to invest $15.0 billion over 7 years from 2023–24 to provide targeted co-investments in seven priority areas: resources; agriculture, forestry and fisheries sectors; transport; medical science; renewables and low emission technologies; defence capability; and enabling capabilities. It can provide debt, equity or guarantees, but does not provide grants. The NRFC’s first corporate plan is available here. With time running out to make initial investments in this financial year, the plan commits the NRF to making its first investments before the end of 2024. No investments have been publicly disclosed to date.

HTA Review

The Health Technology Assessment (HTA) Policy and Methods Review concluded on 4 May 2024. The HTA Review Reference Committee which was responsible for overseeing the HTA Review, held its final meeting on 2 May 2024 and its final report has been provided to the Minister for Health and Aged Care.

The Minister has yet to make the Review Report, or any response to the report, public.

Recent Submissions

Good Institutional Practice Guide

In May, the NHMRC released a draft Good Institutional Practice Guide, which seeks to provide guidance to NHMRC-funded institutions and NHMRC-funded researchers about good institutional practice ‘to promote open, honest, supportive and respectful institutional cultures conducive to the conduct of high-quality research’. Its development has been overseen by NHMRC’s Research Quality Steering Committee.

Research Australia made a submission to the NHMRC, directed to the CEO Professor Steve Wesselingh. While welcoming the Guide we indicated that awareness of practices and initiatives that can improve research culture is not the primary barrier to improving research culture; significant work has already been done to identify the issues and raise awareness. The key problem is implementing the measures needed to improve the culture.

We suggested the finalisation and publication of the Good Institutional Practice Guide will provide impetus for improvement that we can build on if we act collectively. Research Australia suggested leadership and involvement from the NHMRC will be essential, and would demonstrate the NHMRC’s ongoing commitment to improving research culture and practice. We offered to work with the NHMRC, the Research Quality Steering Committee, other peak bodies and research institutions that want to participate in a coalition to improve research practice and culture.

Allied health Workforce

In May the Department of Health and Aged Care released a consultation paper on a draft outline of the National Allied Health Workforce Strategy, intended to ensure there are enough highly trained allied health professionals distributed across the country.

Research Australia’s response to the consultation paper focussed on the need for the strategy to recognise the role of allied health professionals as clinician researchers in creating a self improving allied health sector and supporting retention of allied health professionals.

To achieve this the Strategy needs to better support clinician researchers and the submission highlighted ways to do this.

Upcoming Consultations and Submissions

Keep up to date with new consultations on the Research Australia website here.

All Research Australia’s submissions to closed consultations can be found here.

RNA BLUEPRINT A WELCOME ANNOUNCEMENT BUT MORE CAN BE DONE TO SUPPORT AUSTRALIAN HEALTHCARE INNOVATORS

Media Release 16 July 2024

The national peak body for health and medical research and innovation, Research Australia, welcomes today’s release of a new RNA blueprint for growing medical manufacturing by the Federal Government.

Australia’s RNA Blueprint: Understanding our ribonucleic acid (RNA) potential outlines Australians current RNA capability and opportunities for future growth and capability building.

Research Australia welcomes the Department of Industry, Science and Resources’ recognition of the need for governments, academia and industry to work together on the blueprint’s 5 goals and actions, which include:

  • Connect and promote our national RNA ecosystem
  • Increase skills and access to infrastructure
  • Improve research, translation and investment
  • Lead RNA regulation and guidance development
  • Build and strengthen international partnerships

Whilst the potential actions outlined within the blueprint are welcome, there are a number of policy reforms government could implement to better support local health innovators and manufacturers, including:

  • Better supporting innovators with early-stage development advice through the TGA on prospective treatments and devices to assist in bringing products to the Australian marker quicker
  • Government procurement as a tool to support Australian innovations
  • Better supporting innovators in the progression of research to translation and commercialisation.
  • Better support to attract and retain innovation and manufacturing in Australia.

“Australian health innovation represents 26% of all Australian R&D activity. Australia is leading the world in many health technologies but bringing them to market more quickly and efficiently is key to facilitating better commercial, economic and social outcomes for Australia and Australians.” Nadia Levin, CEO & Managing Director of Research Australia said.

“Australia needs a strong and thriving medical manufacturing industry to ensure Australians have access to world-leading therapies and technologies. This can only be achieved when government, academia and industry work together.”

“Research Australia was pleased to be able to contribute to the consultation on this blueprint and look forward to working with Government to progress the actions outlined by the Department.”

EMBEDDING RESEARCH INTO THE ALLIED HEALTH WORKFORCE STRATEGY

Media release 10 July 2024

The national peak body for health and medical research and innovation, Research Australia, is calling for better support for clinician researchers.

In its response to the Department of Health and Aged Care’s consultation paper on a draft outline of the National Allied Health Workforce Strategy, Research Australia, is calling for better recognition of the role of allied health professionals as clinician researchers in creating a self-improving allied health sector. Doing so will support the retention of allied health professionals, a primary goal of the Strategy.

In supporting clinician researchers, the Strategy needs to:
• Create a more research aware and research active allied health workforce.
• Provide resources and training to allied health professionals so they can rapidly translate evidence into clinical practice
• Better partnerships between universities and healthcare agencies to enable clinical research to be done in clinical settings, with support for allied health professionals to undertake education and training, including higher degrees on topics relevant to health industry partners.
• Allow for better pathways to support allied health practitioners to upskill, particularly in research.
• Provide more opportunities for AH practitioners to become allied health clinician researchers and find ongoing employment.

“Australia needs more experts to bridge the growing divide between medical science and healthcare delivery. Clinician researchers, especially those in allied health, are crucial in connecting our knowledge with practical healthcare to ensure the best outcomes for everyone,” Nadia Levin, CEO & Managing Director of Research Australia said.

“Despite this vital role in the healthcare workforce, allied health clinician researchers are often overlooked and poorly understood”.

Read Research Australia’s submission to this consultation here.

BETTER COORDINATION ESSENTIAL FOR SMARTER INVESTMENT IN HEALTH MEDICAL RESEARCH AND INNOVATION

Media release 5 July 2024

The national peak body for health and medical research and innovation, Research Australia, welcomes today’s announcement confirming a better alignment between the National Health and Medical Research Council (NHMRC) and Medical Research Future Fund (MRFF).

This announcement sees the establishment of four new committees to advise on strategies and funding for the MRFF and NHMRC’s Medical Research Endowment Account (MREA), including:

• Consumer Advisory Group
• Industry, Philanthropy and Commercialisation Committee
• Public Health and Health Systems Committee
• Indigenous Advisory Group

“Research Australia has long championed the need for better coordination of the MRFF and NHMRC’s MREA. Achieving better coordination is essential for a nationally unified, strategic approach to health and medical research investment. This can bring clarity to funding availability at every stage of the research pipeline, ensuring smarter investment in Australia’s world-leading health and medical research and innovation sector,” said Nadia Levin, CEO & Managing Director of Research Australia

Research Australia has been advocating for a National Health and Medical Research and Innovation Strategy and was pleased to have the Hon Mark Butler MP, Minister for Health and Aged Care, re-commit the Australian Government to the development of a National Strategy in the 2024-2025 Federal Budget.

“The development of a National Strategy and better alignment between the MRFF and MREA creates a unique opportunity for smarter investment in health and medical research and innovation across the research pipeline.”

Research Australia continues to advocate for a 50% increase in the MRFF.

“The intent of the MRFF has always been to make $1 billion available each year for investment in medical research, and Australia needs to build to that level as a priority,” Nadia Levin said.

“The Board of Guardians overseeing the Future Fund says $973 million is available for grants in 2024-25, an almost 50% increase on the currently budgeted disbursement of $650 million. The release of this funding would benefit the health and wealth of all Australians”.

Read Research Australia’s response to the Australian Government’s consultation focused on improving strategic alignment and coordination between the MRFF and the MREA here.

RESEARCH AUSTRALIA AND VAXXAS PUT AUSTRALIAN HEALTH INNOVATION ON THE NATIONAL AGENDA

Media Release 27 June 2024

The national peak body for health and medical research and innovation, Research Australia has partnered with Australian biotech company, Vaxxas, to bring around 70 health innovators together with Government to identify policy solutions to support the uptake of Australian health innovations here at home.

The Policy Roundtable, kindly hosted by the Australian National University, will be used to explore what’s required by Australian enterprise to enable it to more consistently articulate the vital next steps from R&D to procurement, and subsequent marketing and sales.

Following the Roundtable, a Parliamentary Friends of Health and Medical Research event will take place at Parliament House, hosted at the Speaker’s Courtyard by Speaker of the House of Representatives, Hon Milton Dick MP to celebrate the success stories of Australian health innovation and the opportunities the sector presents to further Australian health and wealth.“

Australian health innovation represents 28% of all Australian R&D activity.1 Australia is leading the world in many health technologies, bringing them to market is key to facilitating better commercial, economic and social outcomes for Australia and Australians,” said Nadia Levin, CEO & Managing Director of Research Australia.

“The Australian Government’s recently announced ‘A Future Made in Australia’ initiative and the National Reconstruction Fund are welcome, innovative new public policies, but more can be done to drive Australian medical, biotech and health innovation for the benefit of Australians’ health and wealth.

“Today we put Australian health innovation on the national agenda,” Ms Levin said.

One of a number of Australian healthcare innovators represented at today’s events, Vaxxas is developing an innovative needle-free technology that will be fundamental to transforming the way vaccines are delivered in the future with its high-density microarray patch (HD-MAP) technology.

Vaxxas President and CEO, David Hoey said, “Vaxxas takes its role as a leader in Australian health innovation seriously. We want to do everything we can to support a flourishing national health innovation sector.

“We know firsthand the challenges Australian health innovators can face in accessing procurement and traversing complex regulatory pathways, among others. It’s great to be working with Research Australia to bring everyone together to identify policy solutions that can advance the whole sector.”

The key insights gathered from the Roundtable will be developed into policy proposals for future consideration by Government and all political parties at the Commonwealth level.

1 https://researchaustralia.org/category/hmr-facts/

FEDERAL BUDGET: CALL TO REALISE FULL POTENTIAL OF AUSTRALIAN HEALTH AND MEDICAL RESEARCH

Media Release 14 May 2024

FEDERAL BUDGET: CALL TO REALISE FULL POTENTIAL OF AUSTRALIAN HEALTH AND MEDICAL RESEARCH

Research Australia, the national peak body for Australian health and medical research, says the Budget’s $22.7 billion Future Made in Australia investment must do more to bring Australian health innovations to the world.

“Health and medical research accounts for 28% of Australian R&D and presents an enormous and unrealised health and economic opportunity for Australia’s healthy prosperity. The Government’s commitment to a strategic examination of Australia’s R&D system must shine a spotlight on health and medical research.

“While the Medical Science Co-investment Plan is a good start, there’s certainly more that must be done to realise the full potential of Australian health and medical research.

“A Future Made in Australia must consider the future health of our nation and our growing health innovation sector,

“As is stands there is nothing in the Future Made In Australia Innovation Fund for medical products, despite the lessons of COVID about the importance of manufacturing sovereignty,” said Nadia Levin.

Research Australia Chair, Martin Bowles AO PSM says Research Australia will continue working with Government to unlock the full potential of the Medical Research Future Fund

“While tonight’s MRFF investment of $650 million per year is undoubtedly welcome, an extra $323 million could be invested in lifechanging and economy-building Australian medical research if the Federal Government realised the full potential of the MRFF.

The Board overseeing the Future Fund says $973 million is available for grants in 2024-25, but the Government has only budgeted for disbursement of $650 million.

The intent of the MRFF is to make $1 Billion available each year for investment in medical research, and we need to build to that level as a priority.

“Medical research is the path to a healthy Australian population and a healthy Australian economy. When first announced, the goal of the Fund was to make $1 billion available every year for investment into cutting-edge Australian medical research, innovations and economic growth.

“The Federal Government can help make that goal a reality, with $973 million available for grants in the upcoming financial year.

“We have abundant capacity in the sector to immediately use the additional $323 million in funding, with worthy Australian projects just waiting to be advanced by skilled researchers,” Martin Bowles said.