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Biomedical Industry Innovation Booster Grant Program
Grant
About
The Biomedical Industry Innovation Booster Grant Program offers Western Australian startups and SMEs in the biomedical sector the opportunity to receive up to $40,000 in funding to develop innovative projects, enhance products, and support commercialization efforts, with a focus on fostering growth and sustainability in the local industry.
Benefits
- 💰Financial SupportUp to $40,000 grant available
- 💰Financial SupportImmediate access to 75% of funding
- 🛠️ Resources & ToolsSupport for product development, R&D, and commercialization
- 🛠️ Resources & ToolsAssistance with IP, marketing, and technical problems
- 🎓Training & MentorshipEncouragement of innovation in the biomedical sector
Eligibility Criteria
- Business must be registered in Western Australia with a current ABN/ACN
- Must be a startup/SME in the biomedical industry
- Project budget must be less than $100,000
- Business must remain in WA for three years
- Employ between 1 and 20 people
- Business must be solvent
- Must contribute at least 20% of project costs
- Funds cannot be used for operational expenses
- Must use external consultants for certain expenditures
- No prior funding for the same project
Target Sector
Biomedical
Target Location
Western Australia
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Western Australian Government