Home » Business Information » Costs & Subsidies » MTPConnect REDI Subsidy
APR.Intern has partnered with MedTech and Pharma Growth Centre (MTPConnect) to increase workforce capabilities and strengthen research translation within Australia’s medtech, biotech and pharmaceutical sector.
Under the agreement, MTPConnect’s REDI initiative will provide eligible businesses with a $10,000 subsidy to ease the cost of engaging a PhD student intern through APR.Intern. This subsidy lowers the cost of an internship by up to 50%, with 3-month projects starting from $10,000.
This partnership falls under MTPConnect’s $32 million Researcher Exchange and Development within Industry (REDI) initiative made possible by the Medical Research Future Fund, providing industry experiences and skills development for early and mid-career researchers, clinicians and innovators to develop an industry ready workforce keeping pace with the demands of a rapidly changing sector.
PROJECT COSTS
3-Month Project:
$20,000
Full Project Cost
$10,000
MTPConnect Voucher Subsidy
$10,000
Net Cost to Industry Partner
4-month internship: $23K full project cost – $13K with MTPConnect subsidy
5-month internship: $26K full project cost – $16K with MTPConnect subsidy
6-month internship: $29K full project cost – $19K with MTPConnect subsidy
* All pricing excludes GST.
COMBINE WITH OTHER SUBSIDIES
The MTPConnect subsidy can also be combined with APR.Intern’s new Women in STEM $7,500 subsidy if the business engages a female postgraduate research student. Combined, these subsidies lower the cost of a 3-month project to $2,500. Please note that all subsidies are limited in quantity.
3-Month Project:
$20,000
Full Project Cost
$10,000
MTPConnect Voucher Subsidy
$7,500
Australian Gov. Women in STEM Subsidy
$2,500
Net Cost to Industry Partner
4-month internship: $23K full project cost – $5.5K with MTPConnect + Women in STEM subsidies
5-month internship: $26K full project cost – $8.5K with MTPConnect + Women in STEM subsidies
6-month internship: $29K full project cost – $11.5K with MTPConnect + Women in STEM subsidies
* All pricing excludes GST.
INTERNSHIP BENEFITS
COST-EFFECTIVE
- Access to PhD-level research expertise
- Used for controlled practice growth
- Suitable to fill short-term skills gaps
- Eligible for R&D tax incentive
RAPID RESULTS
- Results-driven 3-month projects
- Quick turnaround on establishment
- Responsive to changing business needs and priorities
HASSLE FREE
- IP stays with business
- No employment requirements
- Pre-approved contract
- Simple and transparent model
- Proven and trusted model
INDUSTRY ELIGIBILITY
Proposal must have medtech, biotech or pharmaceutical relevance
One MTPConnect REDI subsidy per business per year
Project subject to MTPConnect REDI review and approval
FOR MORE INFORMATION
