Biomedical Translation Fund (BTF)
The Australian Government has established a $501.25 million Biomedical Translation Fund (BTF) with $250 million of Commonwealth capital and $251.25 million private sector capital.
The BTF is an equity co-investment venture capital program announced in the National Innovation and Science Agenda that: supports commercialisation of biomedical discoveries in Australia; and helps translate biomedical discoveries into high growth potential companies to deliver long term health benefits and national economic outcomes.
Funding is available through three private sector venture capital fund managers which are investing in companies with promising biomedical innovations with commercial potential.
AusIndustry is delivering the BTF on behalf of the Australian Government Department of Health.
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