Applications for Round 12 of the Medical Devices Fund are now closed.
For further information please refer to the Program Guidelines 2024, below.
About the Program
- The Medical Devices Fund (the Fund) is a competitive technology and commercialisation program funded by NSW Health and administered by the Office for Health and Medical Research (OHMR).
- The aim of the Fund is to progress new and innovative medical devices and related technologies in NSW towards commercialisation.
- NSW Health recognises that investment in developing and commercialising medical devices and related technologies in NSW is important for ensuring innovative and effective devices can enter the market and improve patient outcomes.
- Funds are available to support products across a range of applications throughout the medical device product life cycle, from Technology Readiness (TRL) Level 3 and up. Funded projects must be capable of potentially improving patient care, health and wellbeing, and generating economic, social or environmental benefits to NSW.
- Eligible applicants can apply for a minimum of $500,000 and a maximum of $5,000,000 (excluding GST) per application.
- Applications are assessed by a Sub Group and Expert Panel on a case-by-case basis against set assessment criteria. Sub Group and Expert Panel members have experience and skills in health and medical research, medical device commercialisation, financial management, clinical practice, and consumer advocacy.
Tips for applicants
- A recording of the online information session held on Monday 4 March 2024 is below.
- Recordings of previous information sessions and other educational resources are also linked below.
Watch the following video to understand the Medical Devices Fund eligibility criteria.
Watch the following video to understand what evidence and/or trial information you need to provide.
Watch the following video to understand what you need to address from an IP perspective.
Watch the following video to understand what you need to address in your regulatory plan.
Watch the following video to understand the importance of having a reimbursement strategy.
Watch the following video to understand the importance of building a well-rounded team.
Watch the following video to understand the Medical Devices Fund Business Canvas Model as part of your application.
Updated 2 months ago