The Innovation Seed Fund, a program of the Western Australian Future Health Research and Innovation (FHRI) Fund, provides the opportunity for “Western Australian innovators to develop their novel health and medical solutions to prime WA’s commercialisation pipeline, create high-level health sector jobs and bring innovations that improve the health and wellbeing of the community to realisation.”
Funding will be provided on a competitive basis to innovators with early-stage proposals for novel processes, products and/or services that demonstrate potential to be commercialised and that may have a major impact on the “health and wellbeing” of the WA community.
The Innovation Seed Fund is open to innovators based in Western Australia, and applications will close 1pm (AWST), Monday 2 May 2022.
Successful innovators will be awarded funding of $250,000 to $500,000 to undertake key de-risking activities that advance the innovation to a maturity level where it is positioned to attract investment through traditional funding sources to commence, or progress, the commercialisation process. Funded activities must be completed within no longer than a two-year period.
More information, including guidelines, can be viewed and downloaded on the FHRI website.
Any queries related to the program can be directed to the Western Australian Department of Health, Research and Innovation office email – RIO.DOH@health.wa.gov.au.