The Australian Government announced on Monday it would invest $12 million to develop new Australian-made medical devices and medicine for people with cardiovascular disease and diabetes. Fourteen Australian start-up and innovator companies will receive funding and commercialisation support to develop improved treatment for management of cardiovascular disease and complications of type 1 and 2 diabetes.…
Provaris Energy seeks swift restart to compressed hydrogen tank construction Australian green hydrogen developer Provaris Energy is working with secured lenders to have construction resume of its proprietary compressed hydrogen transport tank for the company’s proposed H2Neo carrier vessel. Earlier this month the company revealed the bankruptcy of Norwegian-based Prodtex Industri AS which operates the…
The federal government has announced $50 million from the Medical Research Future Fund (MRFF) to assist development and commercialisation of an Australian inventor’s total artificial heart, which uses a rotor rather than pulsation to move blood through a patient’s body. According to a statement on Tuesday from federal health minister Mark Butler, the grant to…
A new factory for corneas will be established at University of Sydney, following a $35 million investment from the Medical Research Future Fund. According to a short statement from health minister Mark Butler on Tuesday, the facility will be able to “produce, store and ship bioengineered corneas across Australia and the world” and address the…