Establishing a BioMedTech Incubator
The BioMedTech Incubator grant provides up to $50,000,000 to establish a research incubator that identifies and selects Australian small and medium enterprises (SMEs) undertaking early-stage medical research and medical innovation projects with commercial potential.
The successful organisation will provide access to capital and industry knowledge, incubate projects, and provide up to $5,000,000 in funding to a selected SME over 5 years to develop a research project.
An eligible organisation who can establish a working incubator and select SME's to partner with in new and innovative research projects.
The successful organisation must:
- identify and select through open and competitive processes Australian SMEs undertaking early-stage medical research and medical innovation projects that have commercial potential
- work in partnership with the selected Australian SMEs to successfully progress their medical research and medical innovation projects through the early stages of development
- nurture and mentor the next generation of health and medical research innovators in Australia
- assist SMEs in the development of health and medical research to result in interventions, cures, and treatments that address health problems of national significance
- provide project funding of up to $5 million to the selected Australian SMEs and support them to plan and undertake agreed activities, meet relevant milestones and generate required data and evidence
- provide and/or procure specialist support and expertise for the selected Australian SMEs to assist them in successfully planning and undertaking the agreed activities to attract commercial investment
- and facilitate meetings, share knowledge and establish networks
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Last updated: 12 February 2026