Medical Research Future Fund (MRFF) - Researcher Exchange and Development within Industry Initiative (REDI)

Overview

The Researcher Exchange and Development within Industry Initiative has been reopened to allow tax exempt entities to apply. REDI is supported by the Medical Research Future Fund. The objective of the fund is to strategically fund research and adresss national priorities in a cohesive and coordinated way. We will fund one service provider who will be responsible for: facilitating connections between industry, universities, registered training organisations and government entities; and delivering, potentially in collaboration with joint-service partners’ relevant training programs, industry placements, mentoring and exchange programs for researchers. The objectives of the grant opportunity are: to provide researchers with a diverse range of experiences and exposure to entrepreneurism with the aim of strengthening Australia’s success with translation and commercialisation to identify innovative ways to prevent, diagnose and treat disease. The Australian Government has announced a total of $32 million over four years from 2019-20 to 2022-23 for this grant opportunity: $8 million in 2019-20 $10 million in 2020-21 $10 million in 2021-22 $4 million in 2022-23. The grant amount will be up to 100 per cent of eligible project costs. The maximum grant amount is $32 million.