Tech Talk: PM pledges to help medical research reach the bedside

Prime Minister Malcolm Turnbull recently announced an injection of cash to bridge the ‘valley of death’ between biomedical research and the creation of usable patient products.

The move is part of his much-trumpeted innovation agenda and will see $250 million set aside for a new Biomedical Translation Fund.

The independent fund will be established next year with a remit to invest in biomedical businesses, which it will do by selecting fund managers who will bring matching funding from the private sector.

The money will come from the Medical Research Future Fund, which is