New funding to support Victoria’s medtech manufacturers
Published: 9 March 2022
A new Victorian Government grant program will help grow medical technology (medtech) production in Victoria, creating new high-skill jobs and cementing the state’s reputation as a global leader in healthcare innovation.
The $3 million Medtech Manufacturing Capability Program is now open to Victorian manufacturing businesses, with grants of between $100,000 and $500,000 available.
The program will support businesses to make new medtech products and scale-up production in the state, boosting their ability to turn innovative ideas into real-life solutions.
Medtech is one of the fastest growing sectors in Victoria’s economy and the program will help it grow even faster. It currently generates $21.4 billion in revenue and $3.5 billion in exports annually.
Funding from the program will be offered on a 1:1 matching basis, allowing medtech businesses to fast-track projects, set up local manufacturing activities and provide opportunities to partner with other Victorian businesses.
This will increase Victoria’s advanced manufacturing capability, open hundreds of skilled job opportunities and strengthen the state’s long-term global competitiveness.
An information session on the program will be held on Wednesday 16 March 2022 at 1 pm. You can register at Medtech Manufacturing Capabilities Program - Information Session.
Applications for the Medtech Manufacturing Capability Program are open until 5 pm on Tuesday 5 April 2022.
Find out more at Medtech Manufacturing Capability Program.