In 2013, the National Foundation for Medical Research (NFMRI) commenced the development and implementation of a new strategy to deliver its purpose.
The strategy focused on supporting biomedical research in Australian institutions to advance early innovations and enable them to attract next-step partners. NFMRI identified cultural, funding and support gaps along the innovation pathway that often left research floundering in what is referred to as the ‘valley of death’.
NFMRI’s strategy is to identify, review, select and support research in a way that bridges the gap and methodologies normally applied in academia and industry. Even the application form itself is designed to assist in moving research towards translation and commercialisation.
Although a number of research projects are ongoing and expected to succeed in attracting next-step partners, an analysis of projects commencing between 2013-2019 has yielded better than expected results.
Analysis of our strategic outcomes provides evidence that what NFMRI does is reproducible and effective, irrespective of indication, disease or innovation (medicine, vaccine, biological, device or diagnostic).
The chart below represents a recent update conducted in 2024 to our previous impact report which took place in 2021.
Watch a presentation and panel discussion hosted by the Australasian Research Management Society here
