The Australian Government's Medical Research Future Fund is a $20 billion investment in the health of Australians, our economy and the sustainability of our health system.
The government's ongoing investments are supercharging the growth in cutting-edge health and medical research, leading to new cures and treatments that are improving health outcomes across Australia while fuelling jobs, economic growth and export potential.
The fund is supporting Australia’s greatest minds to discover the next penicillin, pacemaker, cervical cancer vaccine or bionic ear. These breakthroughs by Australian researchers have improved the health and wellbeing of billions of people worldwide — and future Australian breakthroughs will be similarly beneficial.
The fund is unlocking Australia’s research potential and delivering more advanced healthcare and medical technology that will improve the health of Australians and grow our exports.
The biological and medical technology sector supports around 48,000 Australian jobs and is an important part of our smarter, more innovative and growing 21st century economy.
The government's Medical Research Future Fund is stopping the brain drain, keeping our best and brightest minds right here in Australia. And as these researchers commercialise their ideas, Australians will benefit through a stronger health system and increased economic growth and jobs.
Our researchers will be supported by the Medical Research Future Fund to take their breakthroughs in areas such as genomics and precision medicine out of laboratories and into hospitals, clinics and doctors surgeries.
In the future, terms such as precision or personalised medicine and genomics – new areas of research and medicine with the potential to revolutionise the way we treat serious illnesses – will become as well-known as MRIs.
Personalised medicine will increasingly involve genomics, the study of a patient’s entire genetic sequence. With DNA sequencing becoming faster and more sophisticated, it will become easier to precisely tailor the best treatment based on the genetics of the disease and patient.
The government’s investments in the Medical Research Future Fund are about giving Australians in need hope — where previously there may have been none — and creating the opportunity to have a better, healthier and longer life.