VitalTrace awarded $500,000 by the Future Health Research and Innovation (FHRI) Fund
VitalTrace is proud to announce it is one of 9 WA innovators and start ups to have received support from the Western Australian government, under the Future Health Research and Innovation (FHRI) Fund.
The Innovation Seed Fund is intended to bridge the gap in access to early-stage funding for WA start-ups to be more competitive in securing follow-on funding and develop into sustainable businesses, create high-level health sector jobs and enhance the production/manufacturing capacity of WA.
This project will fund the development of a commercialisation ready and clinically compatible product to improve maternal and fetal health outcomes during childbirth.
Medical Research Minister Stephen Dawson said “[VitalTrace has] the potential to change lives, and this funding will help them secure capital and develop into sustainable businesses.”