The first round of the Victorian Medical Research Acceleration Fund is investing $3 million in 13 new projects to fast-track breakthroughs in health and medical research.
By translating the power of new breakthroughs into everyday clinical practice and patient care, this research will deliver better health outcomes for patients and save lives, both in Victoria and across the world.
Focus areas range from improving diagnosis and access to new treatments for ovarian cancer, mental illness, stroke, asthma and respiratory diseases, vision loss from glaucoma, dementia, sepsis, heart disease and rare genetic disorders.
Projects include the development of new technologies to treat severe asthma, a “virtual hospital” providing greater accessibility to treatment and support for patients with chronic disease, a new treatment for ovarian cancer and a cure for weight loss in patients with cancer.
The projects supported by this fund, part of the State Government’s $20 million plan to ensure Victoria stays a world leader in ground-breaking health and medical research, will also receive a further $7 million funding from philanthropic, industry and international sources.
The fund granting process was overseen by the Science Medical Research and Technology Ministerial Advisory Panel comprising leading scientists, academics, clinicians and industry experts.
The plan, Healthier Lives, Stronger Economy: Victoria’s Health and Medical Research Strategy 2016-2020, outlines key priorities over four years to support new and evolving fields of world class medical research. It has the potential to create new business opportunities, job and economic growth across Victoria, and enhances Victoria’s reputation as a world leader in health and medical research.
“These cutting-edge projects show exactly why Victoria is at the forefront of ground-breaking medical research across the globe.”
“Victoria’s is proudly home to the best and brightest medical minds who are leading the way in revolutionary discoveries that will save lives,” said Minister for Health Jill Hennessy.