Program benefits

shutterstock_1715238061-sml

Program benefits to Australia

The Artificial Heart Frontiers Program will be a game-changer for the treatment of heart failure in Australia. It is expected to reduce the numbers of deaths by heart failure while improving their longevity and quality of life. The program is also expected to drive significant benefits to the Australian economy through savings to the healthcare system, job creation and labour force benefits and additional revenue.

Through seamless integration, the Artificial Heart Frontiers Program will deliver to Australia a vital, energetic ecosystem which will encompass an expert research, developing and manufacturing environment for the production of next generation, medical devices supported by the expansion of a highly-trained, job-ready cohort of skilled workers.

Here are a few examples of the many substantial, and long-term benefits of the Artificial Heart Frontiers Program:

Improved health and well-being

  • Saved lives
  • Reduced disability
  • Longer and improved quality of life

Economic benefits

  • Savings to the healthcare system
  • Reduced carer costs
  • Increased productivity
  • Attract more investors
  • Keeping and training skilled workers (jobs)

Innovation

  • Increased R&D spending
  • Nation-wide collaboration among institutions and researchers
  • Australian-owned IP commercialisation
  • Keeping and building advanced manufacturing capabilities

Reputation

  • A pipeline of Australian-invented and manufactured products that will benefit people worldwide for years to come
  • Contribute to making AU a biomed tech hub