Biomedical Industry Innovation Booster Grant Program

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

• Up to $40,000 grant available
• Immediate access to 75% of funding
• Support for product development, R&D, and commercialization
• Assistance with IP, marketing, and technical problems
• Encouragement 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