Medical Devices Fund

The Medical Devices Fund provides grants to drive the commercialisation of highly innovative new devices and technologies in NSW, addressing gaps in the product life cycle between early-stage research and mature investment opportunities.

The Medical Devices Fund aims to: 

• Support 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 

• Increase the uptake of NSW medical devices that are cost effective and contribute to improved patient outcomes. 

Preliminary applications close: 13 May 2025, 5:00pm AEST

Full applications for this grant are by invitation only.

Who can apply

• Applicants with a medical device/technology that satisfies the definition of a medical device at the time of submitting the application

• A financially viable company or commercial enterprise that is headquartered in NSW, has an Australian Business Number (ABN), has an annual turnover less than $25 million, and is a legal entity

• An individual based in NSW who agrees to form such an entity so that the NSW Government can enter into legally binding funding agreements

• A NSW public research organisation applying through its appropriate technology transfer office, or the CEO or equivalent of the research organisation

• Applicants who hold the intellectual property or rights to commercialise the medical device/ technology

• Applicants with projects in the medical device product life cycle from a minimum of Technology Readiness Level 3

• Applicants undertaking the majority of project activities in NSW

• Applicants that can demonstrate why sufficient funding for the entire project cannot be accessed from alternative sources and that the project would not proceed at the proposed scale in NSW without government support