Australia is a world leader in health and medical research, known for our quality healthcare and strong research ecosystem.

Investment in medical manufacturing can promote innovation in the industry and secure Australia’s sovereign capabilities in medical science.

Potential areas of focus 

The National Reconstruction Fund Corporation may invest in medical science manufacturing.

This includes products for therapeutic use such as:

  • medical devices 
  • medicines
  • personal protective equipment 
  • vaccines.

Therapeutic use means products and their components that:

  • prevent, diagnose, cure or alleviate a disease, sickness, defect or injury
  • influence, inhibit or modify a mental or physical process
  • test for diseases and conditions
  • influence, control, prevent or test for pregnancy
  • replace or modify organs or body parts.

Medical manufacturing does not include veterinary products, cosmetics or health foods.