Huge funding boost to launch Australia's first collaborative cardiovascular research accelerator

Today Federal Minister for Health, the Hon Greg Hunt MP, announced funding for two new Research Centres through the MTPConnect Targeted Translation Research Accelerator Scheme and the Medical Research Future Fund (MRFF).

The announcement includes a $10 million commitment over four years and more than $20 million in partner contributions for the Australian Stroke and Heart Research Accelerator (ASHRA), led by a collaborative of academic partners including Monash University.

Professor Stephen Nicholls, Director of Monash University’s Victorian Heart Institute and leader of the Monash ASHRA Node, said the investment completely shifts the paradigm.

“It is the most progressive, disruptive approach and investment in cardiovascular innovation and acceleration the country has ever seen,” Professor Nicholls said.

“This cash injection will allow us to move our discoveries forward rapidly and bring them to the clinic and to patients. It’s also about creating a culture of entrepreneurship and commercialisation among the next generation of young researchers.”

“We are committed to shifting the business as usual mindset to ensure that Australia becomes a leader in cardiovascular innovation and that Monash plays a big part in that.”

View the Monash University announcement here.

About Monash University

Monash University is Australia’s largest university with more than 80,000 students. In the 60 years since its foundation, it has developed a reputation for world-leading high-impact research, quality teaching, and inspiring innovation.

With four campuses in Australia and a presence in Malaysia, China, India, Indonesia and Italy, it is one of the most internationalised Australian universities.

As a leading international medical research university with the largest medical faculty in Australia and integration with leading Australian teaching hospitals, we consistently rank in the top 50 universities worldwide for clinical, pre-clinical and health sciences.

For more news, visit Medicine, Nursing and Health Sciences or Monash University.