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 helps encourage and support investment in the development and commercialisation of medical devices and related technologies in NSW.
The Medical Devices Fund (MDF) is a competitive technology development and commercialisation program.
More than $26 million has been awarded to 16 outstanding new medical technologies since the Medical Devices Fund began in 2013. Round four will have up to $7.8 million available.
The key objective of the MDF is to promote new and innovative medical devices and technologies within NSW that may have a global benefit. Broadly, the MDF aims to:
- provide support to individuals, companies, public and private hospitals, medical research institutes, universities, other public sector research organisations, and the medical devices industry, to take local innovation to market; and
- increase the uptake of NSW medical devices by the health system where they are cost effective and contribute to improved patient outcomes.