The Australian government has reportedly announced that it has contributed A$55 million over seven years to launch the Digital Health Cooperative Research Centre (CRC) and its R&D consortium. Reportedly, the centre will witness the participation of over 60 technology companies, health networks, universities, and research institutes.
According to reports, the Australian Government and the industry partners will chip in a total of A$174.2 million in cash and in-kind over the 7-year period.
Sources reveal that the digital health CRC aims to improve health outcomes for the Australians by using latest digital technologies which are bound to improve access to right healthcare, increase understanding & awareness, and lower costs. It further seeks to support clinical practice, access to quality care, help understand and manage health risks of individuals, and improve the overall system efficiency, cite sources.
Experts deem that this move of the Australian Government is not only set to enhance the region’s economy but is also likely to provide high value jobs in a rapidly growing global digital health market.
The Assistant Minister for Science, Jobs and Innovation Zed Seselja was quoted stating that the regional government’s investment through its programs such as CRC will bring together the digital health industry and research partners across Australia’s health & wellness landscape in a very collaborative approach. The CRC program continues to be at the forefront of the Coalition Government’s commitment that will improve productivity, competitiveness, and sustainability of the Australian industries, added Seselja.
As reported in the press release from the University of Sydney, the participants in the CRC program include 16 Australian universities, 24 established & start-up technology companies, and 40 government & commercial organizations operating across the health and disability sectors. The CRC has support of both the Medical Technologies and Pharmaceuticals industry growth centre and the Australian Digital Health Agency to strengthen its stance in digital health industry, cite experts.