ACIG has just begun working with the National Health and Medical Research Council (NHMRC) to conduct an independent review of the health, industry and economic outcomes of the Development Grants Funding Scheme.
A Development Grant provides funding support to individual researchers, research teams or a HMR company in partnership with one or more researchers to undertake research at the early proof-of-principle stage. The grants support the development of a product, process, procedure or service that if applied would result in improved health care, disease prevention or provide health cost savings. The scheme focusses on health and medical research that has the potential to be commercialised.
In particular our focus will be on the outcomes and benefits accruing to the Australian Government, industry and the wider Australian community.
In line with the Australian Government’s Budget Expenditure review Principles, ACIG’s evaluation will also assess the program for:
- appropriateness;
- effectiveness;
- efficiency;
- integration; and
- performance.