An affordable dialysis system and a next-generation condom are among the potentially lifesaving medtech devices together awarded $9.85 million by the NSW Government.
Minister for Health and Medical Research Brad Hazzard announced the recipients of the 2018 NSW Medical Devices Fund (MDF), which invests in the development and commercialization of medical devices and related technologies.
“Since the Medical Devices Fund began in 2013, the NSW Government has awarded more than $50 million in grants to 31 technologies,” Mr Hazzard said.
“We are committed to supporting innovators in the medtech industry in getting their brilliant ideas off the ground and ultimately saving millions of lives around the world.”
MDF past recipients have now raised more than $456 million in funding, treated more than 180,000 patients and all have quadrupled their staff in the process.
Office for Health and Medical Research Executive Director Dr Antonio Penna said Sydney-based Ellen Medical Devices has received $2.2 million to develop a portable, solar-powered dialysis machine, costing just $1,000 to build and $5 a day to run.
“Dialysis can cost up to $100,000 per patient each year in Australia and up to seven million people die annually in developing countries because it is too expensive,” Dr Penna said.
Among other recipients is Wollongong-based company Eudaemon Technologies, which has received $1 million to develop a condom made from an innovative material called hydrogel which is non-allergenic.
It is expected the product will enhance sexual experience, making it more popular and therefore potentially save healthcare agencies millions of dollars worldwide by reducing the incidence of sexually transmitted diseases.
For more information visit Medical Devices Fund.
The 2018 NSW Medical Devices Fund winners are: