The Victorian Government has funded 13 pioneering medical research projects that will fast-track breakthroughs in health and medical research into better care and treatments for patients.
Victorian Minister for Health Jill Hennessy announced the recipients of the inaugural round of the Victorian Medical Research Acceleration Fund, which has invested $3 million into new projects that fast-track the translation of early stage health and medical research into everyday clinical practice and patient care.
By harnessing the power of new breakthroughs, this research will deliver better health outcomes for patients and save lives, both in Victoria and across the world.
The process was overseen by the Science Medical Research and Technology Ministerial Advisory Panel comprising scientists, academics, clinicians and industry experts.
Focus areas range from improving diagnosis and access to new treatments for cancer, mental illness, stroke, asthma and respiratory diseases, vision loss, 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.
These innovative projects also leverage funding from philanthropic, industry and international sources, which means a further $7 million will be invested into Victoria’s medical research sector.
The fund is part of the Government’s $20 million plan to ensure Victoria stays a world leader in ground-breaking health and medical research that has the power to change lives.
The plan, Healthier Lives, Stronger Economy: Victoria’s Health and Medical Research Strategy 2016-2020, outlines our key priorities over four years to support new and evolving fields of world class medical research.
It provides the potential for the creation of new business opportunities, job and economic growth across Victoria and enhances Victoria’s reputation as a world leader in health and medical research.
Source: Vic Government