The NSW Government is committed to ensuring that NSW researchers and innovators are able to discover and develop new treatments and diagnostic techniques and devices that will be major contributors to health reform into the future.
The Medical Devices Fund is a competitive technology development and commercialisation program that aims to:
- provide support to individuals, companies, public and private hospitals, medical research institutes, universities and the medical devices industry, to take local innovation to market;
- increase the uptake of NSW medical devices by the health system where they are cost effective and contribute to improved patient outcomes.
Since it began in 2013, recipients of the NSW Medical Devices Fund have been awarded more than $41 million for 24 technologies. The fund invests in the development and commercialisation of medical devices and related technologies in NSW, with some past recipients later gaining high-profile investors.’
Applications for the 2018/2019 Round of the Medical Devices Fund will be called for in November 2017.