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Development Grants at National Health and Medical Research Council, 2012 Australia

A Development Grant provides funding support to individual researchers, research teams, or a HMR company in partnership with a researcher/s to undertake research at the early proof-of-principle or pre-seed stage. The Scheme supports the commercial development of a product, process, procedure or service that if applied, would result in improved health care, disease prevention or provide health cost savings.

Applications must demonstrate a basic understanding of the process and steps required to move from research to outcomes that can be commercialised, including: the process and steps to a market, the nature of the market; the milestones and risks of the venture; and an understanding of possible means of handling intellectual property connected with the project.