$240m for research innovation

Up for grabs now is $240 million for medical and research innovation as part of the government’s Frontiers program to fund transformational research projects.

The Frontiers program is filling a gap in the research sector by providing government funding for early innovative projects and ideas that traditionally would not have received funding at this stage.

The Australian-first program has a unique, two-stage structure and was developed in consultation with Australian and international leaders in health and medical research including Research Australia.

In stage one, up to 10 selected applicants will receive funding of up to $1 million each over one year to develop detailed planning for their cutting-edge research projects.

The Liberal National government has opened applications for the $240 million Frontiers program, supporting medical and health innovation by giving up to 10 researchers funds allowing them to push the boundaries in developing future breakthroughs.

In stage two, a number of research plans developed under stage one will be chosen to receive funding to develop their ideas into new technological advances or approaches to revolutionise healthcare.

Stage two grants could be $50 million or more depending on the project and can extend over five years.

Frontiers is an initiative under the $1.3 billion National Health and Medical Industry Growth Plan, announced in the 2018 Budget. It is funded by the government’s Medical Research Future Fund (MRFF).

The MRFF is an endowment fund that will mature at $20 billion, providing a sustainable source of funding for vital medical research. It is the single largest boost in health and medical research funding in Australia’s history.

To apply or learn more, visit: www.business.gov.au/fhmr