$158,000 investment for Westmead Children's Hospital

Friday, 30 October 2015

Sydney Children’s Hospital at Westmead has been offered commercialisation funding of $158,525 to take its innovative idea from the drawing board into the global marketplace, under the Australian Government’s Entrepreneurs Programme.

Assistant Minister for Innovation, the Hon. Wyatt Roy MP and Senator for Western Sydney, the Hon. Marise Payne, said the investment would help Westmead Children’s Hospital to tackle the challenges they face in commercialising their product.

“Australians are great innovators and this programme helps to turn our great ideas into commercial products,” Mr Roy said.

“The commercialisation of these products will advance our industries and create new opportunities for our country, as well as ensuring Australia’s intellectual property is protected.”

Senator Payne said the investment under the Medical Technologies and Pharmaceuticals category would help Westmead Children’s Hospital commercialise its new orthopaedic device for correcting vocational deformities in children.

“I would like to congratulate the doctors, researchers and support staff at the Westmead Children’s Hospital; they are continuing to put Western Sydney on the map for health research and innovation,” Senator Payne said.

“Commercialisation assistance under the Entrepreneurs Programme will deliver national economic benefits by boosting business growth and competitiveness here in Western Sydney.”

Commercialisation Advisers guide businesses through the commercialisation process. Eligible entities may also receive financial assistance in the form of a matching grant of up to $1 million.

The grants are matched dollar for dollar by investment by the recipient companies. To date, the programme has provided 75 successful grants worth more than $37 million in Australian Government commercialisation assistance to bring Australian innovation to market.

More information on the recipients can be found at business.gov.au/ac-grant-recipients.

Details about the Entrepreneurs Programme can be found at business.gov.au/entrepreneurs-programme or by phoning 13 28 46.