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Investor Presentaiton

Focusing on growing expertise and building the clinician researcher workforce, the Clinician Researcher Training Program is designed to provide scholarships to clinicians to undertake research at a Western Australian university. In addition, the WA Near-miss Awards programs provided $4.6 million in grants to help early and mid-career Western Australian researchers to secure highly competitive National Health and Medical Research Council grants. The Clinician Researcher Fellowships (in partnership with the Raine Foundation) and the Early Career Child Health Researcher (ECCHR) Fellowships Program (a Co-Funding Partnerships Program with BrightSpark Foundation) also provide dedicated research time to support early to mid-career researchers. The Challenge- reimagining regional and remote health care program (The Challenge) is a global challenge for a world-leading medical research and innovation solution to support health service delivery in the Pilbara region of Western Australia. The Challenge was launched by the Minister for Medical Research in October 2022 and 93 applications were received from local, national and international applicants. Following a rigorous review by health, medical, community and innovation experts, 10 Challenge finalists were announced in June 2023. The finalists will have one year to trial their proposed solutions in the Pilbara, ensuring the development of culturally appropriate applications aligned to population and local health needs. One finalist will be selected as the Challenge winner in October 2024 and awarded the $5 million prize. To support innovation and commercialisation, the Innovation Seed Fund was established to provide the opportunity for Western Australian innovators to develop and commercialise their innovations, to create high-level health sector jobs, and to enhance the production and manufacturing capacity of the state. The FHRI Fund Distinguished Fellows Program aims to attract outstanding and innovative world-class research leaders to Western Australia. Overall, 7 of these programs and initiatives resulted in $17.1 million in grants being awarded to the sector, with grants from the remaining 6 programs to be awarded in 2023-24. Additionally, one grant was awarded in 2022-23 from a program implemented in 2021-22, resulting in a total of $17.7 million in FHRI Fund grants being awarded in 2022-23 (see Table 4). Table 4: FHRI Fund grants awarded in 2022-23 FHRI Fund Priority programs and initiatives 2021-22 Consumer and Community Involvement in Research Workforce Advancement Program 2022-23 Capability Building Program - National Reconstruction Fund - Medical Manufacturing Clinician Researcher Training Program 2022-23 Co-Funding Partnerships Program - BrightSpark Early Career Child Health Researcher Fellowships DISCOV3r Focus Grants The Challenge- reimagining regional and remote health care Stage 1 WA Near-Miss Awards - Emerging Leaders Fellowships and Grants 2022-23 WA Near-Miss Awards - Ideas Grants 2022-23 Total (n) Grants awarded ($) 1 $573,970 3 $56,500 3 $5,390,000 1 $2,520,000 1 $300,000 10 $2,000,000 23 $4,577,848 23 23 $2,300,000 $17,718,318 Contents About us < 33 > Significant issues ⚫Report on operations Agency performance Operational disclosures • Key performance indicators •⚫ Financial disclosures and compliance • Appendix
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