- First funding allocated from the Medical Research Future Fund- $65.9 million
- MRFF to reach $20 billion in 2020/21
- NHMRC Funding continues to flatline
- ARC Funding is also in slow decline
Continue reading “Budget 2017-18 | Budget Summary”
Response to Budget 2017
Research Australia welcomes first grants issued by Medical Research Future Fund
Government delivers on promise to establish flow of funding into health and medical research $20 billion capital target to be achieved in 2020-21
After a long-fought campaign to bring the Medical Research Future Fund (MRFF) to reality, health and medical researchers have welcomed the first round of grants issued from the MRFF, as announced tonight in the Federal Budget. $65.9 million is available for 2016/17, with the detail of $25 million of this spending released tonight. Just as importantly, we now have a clear path to achieving the capital target of $20 billion, with the Budget papers revealing this target will be achieved in 2020-21.
Research Australia Director and CSL’s Senior Vice President of Research, Dr Andrew Nash, said the Budget announcement tonight confirmed the Government has begun to deliver on its promise to establish a consistent flow of funding for health and medical research.
“The grants announced tonight represent an important milestone in the establishment of this landmark source of funding for health and medical research.
Continue reading “Federal Budget 2017-18 | First grants issued by MRFF”
We have just got out of the Health Portfolio Federal Budget Lockup and here’s some early news on items affecting our sector.
We will provide you with more details around how the Federal Budget 2017-18 directly impacts health and medical research in the next few hours.
We are delighted to share with you the Summer Issue of Research Australia’s quarterly publication – INSPIRE.
It is has been such a busy year in the health and medical research industry and what a better way to celebrate the contribution our Members have had than through Research Australia’s annual Awards; GSK Award for Research Excellence; Bupa Health Foundation Emerging Health Researcher Award and Sax Institute’s annual Research Action Awards. Enjoy reading about the recipients of these awards and lives they are changing. Continue reading “INSPIRE Magazine”
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”
Research Australia’s submission in response the draft Fifth National Mental Health Plan highlighted the Plan’s failure to include health and medical research.
Research Australia was concerned that the Fifth Plan was a missed opportunity to make better use of Australia’s significant capacity in health and medical research to help deliver the Plan’s vision of healthier Australians, faster and more complete recoveries from mental illness and more responsive and effective services.
The draft Fifth Plan called for significant reform and innovation in the way we deliver mental health services in Australia, and the health and medical research sector is well placed to help inform, design, implement and evaluate these reforms. Research Australia believes the Fifth Plan provides an opportunity to improve the integration of the mental health system with the health and medical research sector, and to better utilise and direct research towards the Plan’s priorities. Our submission highlighted some of the many ways in which health and medical research can contribute. Submission for 5th Mental Health Plan
Following Research Australia’s submission, the Fifth National Mental Helath Plan as finalised and endorsed by COAG, identifies research as a key enabler of the Plan and achieving its objectives and commits to a number of specific research related actions. The Final Plan is available here.