- Cook Government providing support to local businesses through Innovation Booster Grants and Commercialisation Bridge Grants
- Grants part of $8.65 million Health and Medical Life Sciences Industry Strategy
- Cook Government committed to diversifying the economy by making more things here
Several innovative Western Australian businesses have received a combined $650,000 through the latest round of Health and Medical Life Sciences Industry funding, supporting the development and commercialisation of cutting-edge health technologies.
The funding, awarded through the exclusive biomedical industry Innovation Booster Grant (IBG) and Commercialisation Bridge Grant (CBG) programs, aim to accelerate the growth of early-stage Western Australian businesses and strengthen the State's reputation as a hub for medical innovation.
The IBG supports early-stage founders in the sector by covering up to 80 per cent of the costs for testing new ideas and boosting capabilities. Each business will receive $40,000 to progress their innovations toward market readiness.
Successful IBG recipients include:
- Heart & Lung Research Institute WA - developing a next-generation portable device to preserve donor hearts for multiple days;
- Neurospheric Pty Ltd - developing an adaptive robotic morphing technology that has the potential to transform brain surgery;
- Foresight Medical Pty Ltd - developing smartphone-based, AI-enabled concussion detection; and
- A2B Technology Corporation Pty Ltd - commercialising the early-stage Talk2View communication platform.
The CBG offers grants of up to $200,000 which help businesses scale, validate, and bring their innovations to national and global markets.
The three CBG recipients include:
- Pretect Devices Pty Ltd - developing the Vedette diagnostic platform;
- Navier Medical Ltd - progressing Mosaic, a clinical automation and integration tool; and
- REX Ortho Pty Ltd - advancing next-generation expandable orthopaedic screw technology.
Since 2022, the two grant programs have awarded more than $8 million across 176 IBG and CBG projects.
These programs are key initiatives of the Cook Government's $8.65 million Health and Medical Life Sciences Industry Strategy, which is strengthening WA's innovation pipeline and creating new economic opportunities in medical research and technology.
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As stated by Science and Innovation and Medical Research Minister Stephen Dawson:
"WA has an extraordinary depth of talent in medical research and life sciences, and this funding is about giving our local innovators the opportunity to take their breakthroughs from the lab to the real world.
"Whether it's developing tools to improve organ transplantation or transforming how we detect concussions and perform brain surgery, these are world-class innovations with real impact.
"This is just one of the ways the Cook Government supports local businesses to continue growing the State's knowledge economy, attract investment, and create the jobs of the future."
