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Friday, June 21, 2024

Funding to supercharge health treatments

The Federal Government has promised an $18.8 million investment to supercharge the discovery of better treatments for cancer, epilepsy, stroke, paralysis, Irritable Bowel Syndrome, brain injuries, back pain and chronic middle ear disease.

Under round three of the Government’s $45 million BioMedTech Horizons (BMTH) program, 21 promising projects are set to receive funding to help unlock some of the key health challenges of our times, Health Minister Greg Hunt has announced.

“Successful applicants will use the funding to develop medical devices–including wearable devices–telehealth and telemedicine, and digitally-enabled personalised medicine,” said Mr Hunt.

“Our Government is supporting Australia’s world-class biomedical and medical technology sector for the benefit of all Australians, while creating new jobs, growing expertise and building sustainable export markets.”

He said Victoria-based company, Seer, will receive $1 million to develop a real-time seizure forecasting system, through mobile and wearable monitoring, to empower people with epilepsy to regain control of their condition.

“This project has great potential to save lives and improve lives of people with epilepsy and their families,” said Minister Hunt.

Other projects include a 3D bioprinting system for regenerating skin and developing a smart brain biopsy needle for faster, safer neurosurgery.

Further information is available on the MRFF website.

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