New NSW grant for medical devices

Medical Devices Fund Round 12

Closes 29th March 2024

Objective:

To help encourage and support investment in the development and commercialisation
of medical devices and related technologies in NSW.

Eligible Expenditure:

  • device development, including proof-of-concept, prototyping, and piloting studies
  • manufacturing samples for product trials
  • clinical assessment
  • engaging a consultant to locate other national and international trials and research relevant to the product under development
  • business planning, including conducting market and product assessments
  • intellectual property management
  • commercialisation
  • capital raising

Grant Funding:

  • $500,000 to 5 million (excluding GST) per application

Eligibility:

Eligible organisations include public and private hospitals, medical research institutes, universities, start-ups and established small-to-medium enterprises (SMEs).

Applicants must be:

  • A financially viable company or commercial enterprise with:
    • the parent company based in NSW (e.g., location of manufacturing jobs, headquarters based in NSW, NSW investment) and able to provide evidence that the proposal connects and benefits NSW
    • an Australian Business Number (ABN)
    • typically an annual turnover of less than $25 million
    • a legal entity; or
  • An individual based in NSW who agrees to form such an entity so that NSW Government can enter into legally binding funding agreements;
  • A NSW public research organisation applying through its appropriate technology transfer office, or the CEO or equivalent of the research organisation.

To learn more about how our Grants & Innovation Advisory Team can help support your grant applications please contact us on 03 9325 6300 or info@matsteer.com.au

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