Medtech Manufacturing Capability Program recipients announced Leave a comment
The Victorian Government has announced the 12 businesses that will share in $3.2 million of funding through the Medtech Manufacturing Capability Program.
The businesses will receive grants of up to $500,000 to undertake new projects, scale up production and upgrade equipment, allowing them to turn innovative ideas into real-life healthcare solutions.
The co-funded projects are worth more than $7 million collectively and are expected to create 93 new jobs across the state, cementing Victoria’s reputation as a global leader in healthcare innovation.
The grants are being delivered through the Australian Medtech Manufacturing Centre – an initiative that helps medtech manufacturers to expand production and connect with local suppliers.
Medtech is one of the fastest growing sectors in Victoria’s economy, currently generating $21.4 billion in revenue and supports more than 31,000 workers.
The following businesses have been awarded a grant under the Medtech Manufacturing Capability Program:
