MTPConnect wins industry exchange program grant

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MTPConnect has won a federal government tender for a new grant program that will see medical researchers spend more time with industry.

Health minister Greg Hunt announced MTPConnect as the successful organisation to administer the $32 million Researcher Exchange and Development within Industry (REDI) initiative.

The grant, which is being funded through the Medical Research Future Fund, is designed to boost Australia's performance when it comes to the commercialisation of new medical research.

"MTPConnect was successful in a competitive grant process to help the next generation of health and medical research innovators partner with the medical, biotechnology, and pharmaceutical sectors," said Minister Hunt in a statement.

"The Government’s investment will enable more health and medical researchers to have access to the training, skills development, mentors, internships and fellowships to make breakthroughs that will transform health and health care.

"The translation and commercialisation of health and medical research and technologies will also boost Australia’s engagement with international markets to grow jobs in this vital part of our economy."

According to MTPConnect managing director and CEO, Dr Dan Grant, “Our REDI program is all about ensuring Australia has an industry-ready MTP workforce with the skills necessary to keep pace with a rapidly changing sector.

“We’ll leverage a national alliance of proven education and training providers, research institutes and industry partners to deploy a range of activities and initiatives - all focused on enhancing the MTP sector workforce."