MTPConnect Project Fund Program applications to open in July


Wednesday, 03 May, 2017

MTPConnect, the industry growth centre for the medical technology, biotechnology and pharmaceutical (MTP) sector, will open the second round of its $15.6 million Project Fund Program in July.

Expressions of Interest (EOI) will open on 3 July 2017 for two months. Over the next two months ahead of the application date, MTPConnect will provide guidance documents and training materials to help applicants prepare, and will be hosting a webinar to assist prospective applicants.

Successful applications will need to demonstrate the proposed idea is collaborative and industry-led, will deliver results on a national scale, have a sector-wide impact and is aligned with MTPConnect’s sector growth priorities as defined in its Sector Competitiveness Plan (SCP). Any funding from the program will also need to be matched at least dollar for dollar by the sector.

Sue MacLeman, CEO of MTPConnect, said there is overwhelming support for the program, with the first round last year receiving 38 applications from industry, research organisations and universities, offering up to $90 million in matched funding to address the constraints, barriers and opportunities for the sector.

One of the 14 successful projects selected was a national expansion of the Industry Mentoring Network in STEM (IMNIS) program, an industry-led mentoring initiative of The Australian Academy of Technology and Engineering (ATSE) in collaboration with AusBiotech. The program connects PhD students in STEM with qualified industry mentors to help them extend their professional networks and create a highly skilled and job-ready workforce of the future.

Receiving an MTPConnect Project Fund Program grant of $200,000, and additional industry matched funding of $210,000, the program has recently been awarded the Best Higher Education and Training Collaboration award at the Business Higher Education Round Table, and has been embraced and recommended by PhD students in all fields of relevance to the MTP sector.

Another successful applicant was The Bridge Program, a national, sector-wide program consisting of 14 pharmaceutical companies, universities and industry associations. MTPConnect’s funding will see it launch an exciting education program in June, and is currently taking applications. The program will select 100 participants annually from across Australia to take part in face-to-face and online training in the scientific, legal, financial, clinical, regulatory and reimbursement disciplines that contribute to research translation and the commercialisation of medicines.

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