of note from...

of note from article:

https://www.miragenews.com/417-million-boost-to-commercialise-lifesaving-medical-discoveries/


Health
“The Morrison Government is backing Australia’s next generation of medical advances and this investment means these businesses have the potential to take their technology to the next level.
”Minister for Industry, Science and Technology Karen Andrews said this funding underpins the Morrison Government’s determination to deliver better health outcomes, while also encouraging economic growth and creating jobs.
“The Biomedical Translation Fund fosters potential breakthroughs that will not only improve people’s lives, but also help Australian companies create more jobs and grow into new markets,” Minister Andrews said.
“The Morrison Government is looking to develop our manufacturing capacity in medical products and this fund is yet another way we can help commercialise great Australian ideas right here at home.
”Funding consists of equal parts Commonwealth and private sector funding and is operated by three private sector fund managers: Brandon Capital Partners, OneVentures Healthcare Fund and BioScience Managers.