Investor Presentaiton
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Innovation Seed Fund and Innovation Fellowships
The FHRI Fund, Innovation Seed Fund, and the Innovation Fellowships
programs aim to encourage and enhance innovation and
commercialisation in WA.
In 2022, the company Vein Tech was awarded an Innovation Seed Fund
grant and Innovation Fellowship to the value of $643,273.
VeinTech has developed a vein-visualising technology, designed to
assist with venous cannulation. This improves the cannulation process
experience for both patients and clinicians, reducing failed insertion
attempts, and saving time, cost and stress associated with this common
procedure. The VeinTech
team is preparing for usability
testing at Royal Perth and
Fiona Stanley hospitals, with
plans to commence trials
with patients.
It is noteworthy that in
2023, VeinTech was
awarded an Accelerating
Commercialisation grant of
$493,489 from the
Australian Government to
further grow the team and
begin preparations for
market access.
Department of Health funding schemes
In addition to funding associated with the FHRI Fund Programs and Initiatives, the
department provides funding to directly support health and medical research and
innovation activities.
In 2022-23, the Research Institute Support program awarded $6.5 million to
6 Western Australian Independent Medical Research Institutes. Approximately
$6.1 million was also awarded to 11 projects through the co-funded Department
of Health and Channel 7 Telethon Trust WA Child Research Fund (WACRF).
The WACRF aims to fund research of direct significance to the health of Western
Australian children and adolescents. For example, recent funding was awarded to:
the 'Kids are not small adults' project that will carry out the first preclinical
assessment of age-appropriate immunotherapies for childhood cancers
burns specialist Fiona Wood for a project to better understand the lifelong
impact of paediatric burns on health.
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About us Significant issues Report on operations Agency performance • Operational disclosures • Key performance indicators • Financial disclosures and compliance • AppendixView entire presentation