Victorian Minister for Innovation, Medical Research and the Digital Economy, Jaala Pulford, has announced $400,000 in funding for two new innovation challenges to accelerate health product development.
The Aikenhead Center for Medical Discovery Medtech Challenge and the Swinburne LivingAT Health Innovation Challenge will strengthen the connections between paramedics, researchers, developers and manufacturers while propelling the commercialization of new ideas.
The Aikenhead Center for Medical Discovery Medtech Challenge will focus on creating special equipment to help people with type 2 diabetes, osteoarthritis and neurological conditions such as epilepsy.
While custom designs for new mobility aids, like wheelchairs and walkers, are expected to come out of the Swinburne LivingAT Health Innovation Challenge.
The programs are funded by the Australian Medtech Manufacturing Centre, a Labor Government initiative to inspire the state to become a global leader in healthcare design and innovation, while building the capacity of local manufacturing and creating jobs.
Jaala Pulford, Minister for Innovation, Medical Research and the Digital Economy, said the program supports the brightest minds to innovate and design new technologies that will help people with disabilities or health conditions such as than diabetes and osteoarthritis to live more independently and improve their quality. of life.
“We support local production of healthcare and medical technology products to create new local jobs, reduce our dependence on foreign suppliers and protect ourselves from supply chain disruptions.”
Victoria’s medical technology sector is one of the fastest growing local industries, generating $21.4 billion in revenue and $3.5 billion in exports and supporting over 31,400 jobs across all regions. industries.