News & Trends - Medical Technology

$100 million funding for major advances in medical technology

Health Industry Hub | March 1, 2021 |
[Total: 1    Average: 5/5]

MedTech News: $100 million is being invested into the development of new medical technologies to improve diagnosis and treatment of stroke, epilepsy and lung disease, including COVID-19.

The Government funding will be split across three research projects led by senior researchers at the University of Melbourne, the Australian Lung Health Initiative, and Florey Institute of Neuroscience and Mental Health.

The five year funding is being provided under Stage Two of the Frontier Health and Medical Research Initiative, a program which allows researcher collaborations to explore the most bold and exciting ideas that could have a dramatic, global impact on health care.

The successful projects were chosen from 10 applicants, which each received up to $1.5 million in funding to develop ground-breaking ideas into research plans. The research plans were then assessed by an independent committee of Australian and international experts.

The selected projects are:

  1. The Stroke Golden Hour project to develop lightweight brain scanners that can be carried in ambulances. This will allow ambulance officers to provide rapid diagnosis and treatment to stroke victims, saving lives and reducing disability.
  2. The Australian Epilepsy Project, which is providing a platform of artificial intelligence based expertise and clinical decision support. The platform will ensure all epileptics receive best practice care from their first seizure, and will also develop a data base for continuously improving precision medicine.
  3. 4D Functional Diagnosis, a new frontier in lung health for children that will deliver revolutionary lung scanners that are safe, rapid, and easy to use. The scanners will allow functional analysis of lung health and can be immediately applied to managing COVID-19, establishing Australia at the forefront of lung science, and kick-starting a high-value, high-tech industry. 

These projects have the potential to transform outcomes for people living with these diseases and generate massive economic benefits.

The Government has allocated a total of $570 million to the program, over ten years from 2019-20.

ProjectRecipientFunding (GST excl)
The Stroke Golden Hour: delivering urgent stroke care to AustraliansProfessor Geoffrey Donnan and Professor Stephen Davis, University of Melbourne Australian Stroke Alliance$40,167,052
4D Functional Diagnosis: A new frontier in lung health for childrenProfessor Andreas, Fouras Australian Lung Health Initiative            $28,867,540
Australian Epilepsy Project       Professor Graeme Jackson, Florey Institute of Neuroscience and Mental Health$30,080,129
Total $99,114,721

About the author

About the author

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam luctus finibus scelerisque. Nunc bibendum ipsum sed augue fringilla fringilla. Nullam at consectetur leo. Praesent viverra rutrum porta. Quisque vitae mi vel purus vulputate tincidunt. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Suspendisse et mi quis nisi rhoncus feugiat at ac tellus. Sed aliquam sodales nulla ac auctor. Sed pretium lobortis purus accumsan ullamcorper. Phasellus sodales vel odio in lobortis. Duis maximus sagittis bibendum. Interdum et malesuada fames ac ante ipsum primis in faucibus. Nunc dictum tincidunt ipsum in vestibulum. Donec ut sem consectetur, aliquam quam vitae, pharetra orci. Nam egestas non velit eu rhoncus. Duis congue neque non lacus tincidunt porta. Vestibulum ultricies pulvinar sem, molestie congue dui aliquet non.
  • Ut imperdiet leo id lorem fermentum consectetur.
  • Ut vitae orci et dui varius tincidunt.
  • Ut id magna non libero vestibulum pharetra ac faucibus nulla.
Aliquam erat volutpat. Vestibulum vitae varius diam. Nulla eget congue ante. Nunc ullamcorper sagittis augue vel dictum. Mauris finibus nibh ut pulvinar auctor. Vestibulum ut faucibus nisi. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Quisque porta tortor ac justo malesuada elementum. Nulla tellus ante, cursus nec ex sit amet, suscipit bibendum arcu. Duis posuere orci dui, et mollis enim dictum at. Sed ullamcorper, sapien ut vulputate viverra, sem purus porttitor tellus, nec mattis mauris ligula sed risus. Nulla sagittis id ipsum eu mattis. Link to full profile

Leadership & Management

Leadership Management Qualities - The power of being an authentic leader

The power of being an authentic leader

Health Industry Hub | April 21, 2021 |

Leadership & Management: Welcome to Health Industry Hub’s Women in Leadership Series – connecting, engaging and empowering women in the […]


Digital & Innovation

Healthcare Technology Digital Innovations - Data is the biggest challenge, and opportunity, for MedTech

Data is the biggest challenge, and opportunity, for MedTech

Health Industry Hub | April 21, 2021 |

Digital & Innovation: Medical technology is increasingly shaping the future of healthcare. The sector is also a growing part of […]


News & Trends - Medical Technology

MedTech News - Thermo Fisher acquisition to better serve its pharma and biotech clients

Thermo Fisher acquisition to better serve its pharma and biotech clients

Health Industry Hub | April 21, 2021 |

MedTech News: Thermo Fisher Scientific is buying clinical research services provider PPD for a hearty $17.4 billion, and that’s not its only acquisition this […]


News & Trends - Pharmaceuticals

Pharma News - First-in-class oncology drug candidate licensed by Aussie pharma

First-in-class oncology drug candidate licensed by Aussie pharma

Health Industry Hub | April 21, 2021 |

Pharma News: An Australian oncology-focused drug development company entered into a worldwide exclusive licensing agreement and a master services agreement […]