Biomedical Industry Innovation Booster Grant

Purpose and Program Overview

The Biomedical Industry Innovation Booster Grant is a competitive grant program. It is an initiative of the Western Australian Government. It helps WA-based startups and small businesses in the biomedical sector. The grant provides a financial boost. It helps them access professional skills, services, or knowledge. This allows businesses advance their innovative ideas and projects.

The program aims to help innovators overcome barriers to commercialisation. It also helps build relationships between innovators, research providers, and commercialisation support services. The grant is part of the Health and Medical Life Sciences Industry Strategy.

The fund supports the development of innovative products, services, and solutions in Western Australia. It helps with job creation and economic diversification. The grant aims to improve the competitiveness of WA businesses.

Key Grant Details

• Grant amount: Up to $40,000 per application.
• Application open: The grant is currently closed. It was open from 23 April 2025 to 22 May 2025.
• Application close: 22 May 2025 at 5:00 PM AWST.
• Eligible industries/business types: Startups and small businesses in the biomedical industry sector.
• Co-contributions: Applicants must provide a minimum 20% co-contribution.
• Location/state/territory applicability: Western Australia only.

Priority Sectors

Biomedical Industry Innovation Booster Grant is exclusively for the biomedical industry sector. This includes businesses developing:

• Medicines and pharmaceuticals.
• Health technology.
• Digital health technology.

Funding Scope

• Minimum and maximum amounts per stream: Up to $40,000 per grant. The total project budget must be less than $100,000.
• Categories or streams of funding: Funding can be used for:
  • Research and Development.
  • Product Development.
  • Technology Transfer and Intellectual Property.
  • Commercialisation Support Services.
• Project timeline: Projects should be completed within 12 months.

Grant Amount in Total

This round is funded through the $8.65 million Health and Medical Life Sciences Industry Strategy Funding.

Eligibility Criteria

• The business must be a solvent startup or small business. It must employ between one and 20 people.
• The business must be registered in Western Australia. It must have a valid ABN and/or ACN.
• The business must be in the biomedical industry sector.
• The innovative project must be developed in Western Australia. The total budget for the project must be less than $100,000.
• The business must have the financial capacity to contribute at least 20% of the project costs.
• The business must not have received this grant for the same project before.

Eligible Activities and Expenses

The grant supports activities that help commercialise an innovative idea. This includes:

• Technical development and engineering design.
• Developing a minimum viable product (MVP) or prototype.
• Intellectual property protection and legal advice.
• Commercialisation support services.
• Compliance testing, product testing, and certification.
• Engaging external consultants for specialist services.

Assessment Process

This is a competitive process. Applications are assessed by a panel of evaluators. The main evaluation criteria include:

• The need for funding and how it helps the project.
• The potential for job creation and economic benefits for Western Australia.
• The capability of the project team.
• The competitive advantage of innovation.
• Collaboration with external experts.

Recent Program Updates

The 2025 Biomedical Industry Innovation Booster Grant closed on 22 May 2025. This round was offered exclusively to the health and medical life sciences sector. Future rounds of the broader Innovation Booster Grant for other sectors may be provided later in the year.

Application Tips

• Review the guidelines carefully to confirm your business and project are eligible.
• Prepare a clear project plan and budget.
• Secure quotes from external consultants or suppliers.
• Explain how the project will create jobs or diversify the WA economy.
• Highlight the competitive advantage of your innovation.

Where to Get Help

Consider consulting with a professional grant specialist like Pattens Group. We offer initial assessments to review your business’s eligibility and evaluate how well your project aligns with the grant’s objectives. You can also visit relevant government websites for application templates and further guidance.