Since it got going in 2016-2017 the MRFF has made $1.9bn in grants

And that’s not money nicked from another agency – it’s an extraordinary additional investment in the nation’s health, as set out in the Fund’s new report for 2022-’23.

It’s also been a boon to universities, which account for 85 per cent of grants where payments were made in 2020-22.

In-line with the bipartisan focus on research commercialisation across research funding in general, the MRFF has allocated $146m to seven grants.