17 medical and health research initiatives awarded $8m in funding

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Seventeen creative medical and health research projects will share $8 million in funding as part of the WA Government’s inaugural Innovation Seed Fund 2022, which aims to improve the health and medical outcomes for Western Australians.

One of the 17 projects selected to receive a portion of the $8 million provided by the Future Health Research and Innovation (FHRI) Fund program is a medical technology business working to alleviate a common source of difficulties and suffering in a patient’s hospital stay.

VeinTech Technologies, based in West Leederville, has been given $500,000 to advance the prototype VeinWave, a hand-sized portable device that aims to simplify and improve intravenous cannulation.

Another innovation called “What the Doctor said” aims to send hospital outpatients’ phones personalized and easily available home-care instructions regarding opioid treatment.

WA’s Medical Research Minister Stephen Dawson said the State Government’s FHRI Fund is providing support to innovators to develop and commercialise ideas, create high-level health sector jobs and enhance the production/manufacturing capacity in our State.

“The McGowan Government has moved to establish an innovation seed fund to drive prototype development and fast track these ideas to market,” the Minister said.

“This vital investment supports local innovators but will also help drive health and medical innovation to improve the health and wellbeing of the Western Australian community.

“The Innovation Seed Fund provides an opportunity to diversify the WA economy and create health and medical innovation jobs.

“As a government we want to improve the sustainability of the WA health system and position WA as a key player in health and medical research innovation.”

The full list of FHRI funding recipients is available at: https://www.mediastatements.wa.gov.au/Pages/McGowan/2022/07/McGowan-Government%E2%80%99s-Innovation-Seed-Fund-awards-$8-million-across-17-health-and-medical-innovation-initiatives.aspx

Image credit: https://www.veintech.com.au/