Applications for the Biomedical Industry Innovation Booster Grant (IBG) program is now open and will close 5pm (AWST) on Thursday 22 May 2025. Apply online now.
About
The Biomedical Industry IBG is a competitive Western Australian government grant exclusively for the biomedical industry sector. This round is funded through the $8.65 million Health and Medical Life Sciences Industry Strategy Funding, which sits under the Department of Jobs, Tourism, Science and Innovation (JTSI).
The Biomedical Industry IBG is a competitive funding grant, designed to provide WA-based startups and small businesses with the financial boost needed to access professional skills, services or knowledge, to advance their innovative idea, project or commercial activity in Western Australia.
The program is designed to assist innovators to overcome some of the barriers on the path to commercialisation. It aims to build new relationships between innovators, research providers and specialist commercialisation support services, or to move tentative collaborations into a productive relationship.
Changes to the Biomedical Industry IBG
Show moreThere have been a few changes to this year’s Biomedical Industry IBG which includes:
- This round is exclusively for the biomedical industry.
- You are a startup/SME in the biomedical industry sector, i.e. the sector which is the focus of the WA Government’s Health and Medical Life Sciences Industry Strategy
- This is a single round of funding, and the round will open on 23 April 2025 and then close at 5pm (AWST) Thursday 22 May 2025.
Purpose of the Grant
Show moreThe purpose of the Biomedical Industry IBG is to assist WA-based founders and teams that are:
- Developing or enhancing products or services that are commercially ready, or to reach a commercial ready stage;
- Building a minimum viable product (MVP), one that could then be tested with trial or paying customers;
- Developing prototypes, processes or systems that might attract additional investment and/or customers;
- Buying-in specialist consultancy services to assist with IP, marketing or commercialisation support; and/or
- Addressing a specific technical problem that the business cannot solve themselves, or for which the solution is not readily available.
- Creating jobs, developing new industries and assisting in the diversification of the WA economy, as per the Diversify WA framework.
Please note:
- If your project has previously raised significant capital (e.g. over $500,000), it is unlikely to be awarded an IBG. You have to argue why you NEED funding, and why the State Government should fund you.
- Other grants are also available from JTSI, and other state government agencies, and from local and federal government, which can be used to commercialise innovative projects. These grants may be more appropriate.
- For example, the Biomedical Industry Commercialisation Bridge Grant ($50,000 to $200,000) has been designed for companies ‘further along’ their innovation journey, (‘scale-ups’), that are looking to fund the next stage of their innovation.
