Grants totalling $450,000 awarded to five WA medtech companies

Five Western Australian companies have been awarded a total of $450,000 in grants through the WA Medical Technology and Pharmaceutical (MTP) Manufacturing Voucher Program.

The program aims to accelerate the development and manufacturing of medical technology and pharmaceutical products in the state.

“We have an enormous opportunity to capitalise on home-grown medical technology to help diversify the economy and create more manufacturing jobs,” said state development minister Roger Cook in a statement on Tuesday.

Grant winners were:

• OncoRes Medical – for enabling clinical feasibility of a diagnostic imaging device for cancer surgery;
• Proteomics International – for manufacturing a next-generation in vitro device to predict diabetic kidney disease;
• SynGenis – for establishing certified oligonucleotide manufacturing capabilities in WA;
• VeinTech – for developing its VeinWave product in WA; and
• VitalTrace – for developing Perth into Australia’s flagship precision healthcare biosensor development and manufacturing hub.

The program is delivered through the MTPConnect WA Life Sciences Innovation Hub, co-funded via the WA government’s New Industries Fund, the federal industry growth centre MTPConnect and The University of Western Australia.

Picture: business.gov.au

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