The businesses will receive grants of up to $500,000 to undertake new projects, scale up production and upgrade equipment, allowing them to turn innovative ideas into real-life healthcare solutions.

The co-funded projects are worth more than $7 million collectively and are expected to create 93 new jobs across the state, cementing Victoria’s reputation as a global leader in healthcare innovation.

The grants are being delivered through the Australian Medtech Manufacturing Centre – an initiative that helps medtech manufacturers to expand production and connect with local suppliers.

Medtech is one of the fastest growing sectors in Victoria’s economy, currently generating $21.4 billion in revenue and supports more than 31,000 workers.

The following businesses have been awarded a grant under the Medtech Manufacturing Capability Program: