Funding for Medical Products businesses to translate research and ideas into commercial outcomes

The Manufacturing Translation Stream – Medical Products provides funding to medical products manufacturers to translate high quality research and ideas into commercial outcomes and to adopt new technologies and improve manufacturing processes.

Grants support projects that increase commercialisation and translation activities, grow production and manufacturing activities, and bring commercial outcomes to new and existing markets.

You can apply if you meet the eligibility criteria: you are an eligible entity, have an eligible project, and have eligible expenditure.

You must also be an entity incorporated in Australia, including start-ups and a trading corporation.

Your trading activities must form a sufficiently significant proportion of the corporation’s overall activities as to merit it being described as a trading corporation; or are a substantial and not merely peripheral activity of the corporation.

Eligible projects: your project must align with one of the National Manufacturing Priorities and have a minimum of $2 million in eligible project expenditure.

Your application must show evidence that your project is supported by your board (or Chief Executive Officer or equivalent if there is no board) and that you can meet the costs of the project not covered by the grant funding.

Eligible expenditure: you can apply for a grant between $1 million and $20 million.

Your grant funding must not exceed 50% of your total eligible project expenditure.

Approved activities determine your eligible project expenditure.

You can use this grant funding to invest in strategic projects that will increase commercialisation and translation activities, embrace technology, innovation and automation; grow production and manufacturing activities; bring commercial outcomes to new and existing markets, value chains and customers.

Projects can include activities at different locations.

Further rules are in the grant opportunity guidelines.