Biomedical Translation Bridge

At a glance

Closed

Supports eligible organisations to fund and nurture early stage health and medical research ventures to reach proof-of-concept stage with potential to attract further capital and support.

Who can apply:

At a minimum, you must:

  • have an Australian Business Number (ABN)
  • be registered for the Goods and Services Tax (GST)
  • be incorporated in Australia,

and, in accordance with s24 of the Medical Research Future Fund Act 2015, you must be one of the following eligible bodies:

  • a medical research institute
  • a university
  • a corporate Commonwealth entity
  • a corporation (including businesses and not for profits).

Other eligibility requirements apply.

Contact information:

13 28 46

business.gov.au/contact

Overview

The Biomedical Translation Bridge grant opportunity will support one or more organisations to fund and nurture early stage health and medical research ventures to reach proof-of-concept stage with potential to attract further capital and support.

It will provide $22.3 million over four years from 2018-19 to 2021-22 as follows:

  • $10.4 million in 2018-19
  • $5.3 million in 2019-20
  • $5.3 million in 2020-21
  • $1.3 million in 2021-22.

The grant amount will be up to 100 per cent of eligible expenditure. It is expected that to be competitive, applicants will also provide co-funding towards this program that at least matches the level of funding to be provided to you through this grant opportunity

Eligibility criteria

To be an eligible organisation you must:

  • have an Australian Business Number (ABN)
  • be registered for the Goods and Services Tax (GST)
  • be incorporated in Australia,

and, in accordance with s24 of the Medical Research Future Fund Act 2015, you must be one of the following eligible bodies:

  • a medical research institute
  • a university
  • a corporate Commonwealth entity
  • a corporation (including businesses and not for profits).

You are not eligible to apply if you are:

  • an individual
  • a partnership
  • a trust (however, an incorporated trustee may apply on behalf of a trust)
  • a Commonwealth, state, territory or local government body (including government business enterprises) other than a corporate commonwealth entity.

To be eligible your project must:

  • include eligible activities and eligible expenditure
  • select, provide funding to, and manage a portfolio of ventures
  • provide mentoring and networking capabilities to aid in the development of these ventures, including helping to establish development milestones that are commercially relevant
  • solicit and secure relevant and appropriate philanthropic donations and third party sponsorship or co-investment and then provide this to the selected ventures to aid in their development
    (note: it is anticipated to be competitive, the level of donations, sponsorships and co-investment is at a level that at least matches the level of funding to be provided to you through this grant opportunity)
  • select successful ventures, through an open and competitive selection process, with possible subsequent intake rounds or a continuous intake process
  • establish a suitably qualified selection panel, in consultation with the department and the Department of Health, that will be used to select ventures to be funded
  • execute and manage contractual arrangements with the selected ventures (between $200,000 and $1 million with a maximum duration of three years) including terminating funding and support for ventures that fail to progress
  • be able to start in early 2018-19.

Merit criteria

To be competitive, you will need to address both merit criteria in your application. Both merit criteria are of equal weighting.

  • Merit criterion 1 - Benefits of your project
  • Merit criterion 2 - Your capacity, capability and resources to manage the project

How to apply

The Biomedical Translation Bridge is currently closed to applications.

How we assess applications

We assess your application against the eligibility criteria and then against the merit criteria. Only eligible applications will proceed to the merit assessment stage.

We will assess your application against the merit criteria and compare it to other eligible applications before recommending which applicants to fund. We may also seek additional advice from independent experts, where technical expertise is required.

The program delegate will make the final decision.

If your application is successful

If your application is successful, you will receive a written offer, including any conditions attached to the grant. If you are unsuccessful, we will notify you in writing and give you the chance to discuss the outcome with us.

Successful applicants must enter into a grant agreement with the Commonwealth. The grant agreement will specify the reporting requirements, payment schedule and milestones necessary to receive payments.

The grant agreement will state the maximum grant amount we will pay.

We will not exceed the maximum grant amount under any circumstances. If you incur extra costs, you must meet them yourself.

We will make an initial payment on execution of the grant agreement. We will make subsequent payments based on an agreed schedule set out in the grant agreement.

Payments will be made by direct credit into a nominated bank account.

Key documents

  • Grant opportunity guidelines  
  • Factsheet
  • Sample application form  
  • Sample grant agreement  
  • Sample progress report  
  • Sample end of project report  
  • Sample research venture report
  • Sample independent audit report  

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