The Minister of Health Jill Hennessy today announced the recipients of the Victorian Medical Research Acceleration Fund, which was designed to invest in new projects that translate early stage medical research into patient care.
The fund is part of the plan Healthier Lives, Stronger Economy: Victoria’s Health and Medical Research Strategy 2016-2020, which aims to create new business opportunities, job and economic growth and enhance Victoria’s reputation as a world leader in health and medical research.
Congratulations to BioMedVic Members Monash University, Deakin University, The University of Melbourne and Austin Health for securing over $1.2 million in this inaugural funding round.
The University of Melbourne was awarded funding to develop new technology to treat severe asthma and other chronic respiratory diseases ($201,236).
Monash University received funding to develop a common data model to improve the lives of people living with dementia ($100,000), to develop a new method for diagnosing bipolar disorder ($100,000), to develop a new support package for stroke survivors ($99,356) and to develop an integrated “Virtual Hospital” patient management system to improve the care of patients with chronic diseases ($500,000).
Deakin University secured funding to develop a blended face-to-face and mobile application psychosocial intervention for bipolar disease ($99,872).
Austin Health were awarded funding to improve diagnosis of rare genetic disorders ($100,000).
Together, the awarded projects leverage further funding from philanthropic, industry and international sources which will bring an additional $7 million investment into Victoria’s world-class medical research sector.
Read further project details in the Victorian Government press release.