The aim of the Fund is to progress new and innovative medical devices and related technologies in NSW towards commercialisation. 

The Fund is funded by NSW Health and administered by the Office for Health and Medical Research (OHMR).

The Fund supports a cross-section of products across a range of applications throughout the medical device product life cycle. Funded projects must be capable of potentially improving patient care and/or health and wellbeing, and generating economic, social and/or environmental benefits to NSW.

Intended outcomes of the Fund are 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 by the health system where they are cost effective and contribute to improved patient outcomes.

Successful applicants will be awarded funds from a maximum pool of $8 million (excluding GST) with the final amount decided at NSW Health’s discretion. A minimum of $500,000 and a maximum of $5,000,000 can be awarded per application. 

All applications must be submitted electronically to MOH-OHMRGrants@health.nsw.gov.au

Key Dates:

• Preliminary applications open 7 April 2025
• Preliminary applications close 13 May 2025
• Full applications open July 2025 (by invitation only)

Eligibility:

The Medical Devices Fund can be accessed by eligible NSW organisations with innovative medical devices/technologies supported by intellectual property. Eligible organisations include public and private hospitals, medical research institutes, universities, start-ups and established SMEs.

Applicants must be:

• A financially viable company or commercial enterprise with:
  • the parent company based in NSW (e.g., location of manufacturing jobs, headquarters based in NSW, NSW investment) and able to provide evidence that the proposal connects and benefits NSW
  • an Australian Business Number (ABN)
  • typically an annual turnover of less than $25 million o a legal entity; or
• An individual based in NSW who agrees to form such an entity so that NSW Government can enter into legally binding funding agreements; or 
• A NSW public research organisation applying through its appropriate technology transfer office, or the CEO or equivalent of the research organisation.

• Phone: (02) 9391 9228
• Email: MOH-OHMRGrants@health.nsw.gov.au