Business View Oceania | July 2022

59 60 BUSINESS VIEW OCEANIA VOLUME 4, ISSUE 7 BUSINESS VIEW OCEANIA VOLUME 4, ISSUE 7 Engineering is the future of medicine The Aikenhead Centre for Medical Discovery - ACMD - is Australia’s first collaborative, hospital-based biomedical engineering research and training centre. At ACMD, we are harnessing the power of engineering to transform the future of medicine. Experts in mechanical, electronic, robotic and digital and data engineering have begun creating smart devices, implantables and technology that will vastly improve the quality of life for people living with serious illness. ACMD is a collaboration between leading universities, research institutes, a tertiary hospital and industry partners. It’s strategic location on a hospital campus involves clinical researchers, scientists, engineers and patients to undertake benchtop to bedside trials. For more information or to invest in the future of medicine, visit www.acmd.org.au www.acmd.org.au 41 Victoria Parade Fitzroy VIC 3065, Australia CCRM St Vincent’s Hospital Melbourne (SVHM) has a proud tradition of research excellence and in pioneering advances in clinical practice – we connect new ways of transforming health care and tackling our greatest health challenges. At St Vincent’s, we have the capacity to conduct trials in all phases from first-in- human through to phase IV, with specific expertise in biomedical engineering, medical and diagnostic devices, drug therapeutics and regenerative medicine. To support all levels of clinical trials for staff and industry, SVHM also offers the sector-leading Research Valet™ Service, which streamlines human research ethics submissions. This unique initiative provides fast-facilitated Human Research Ethics Committee (HREC) submissions preparation and liaison throughout the HREC approval process. SVHM HREC is credentialed for National Mutual Acceptance and is the only public hospital HREC that meets every two weeks throughout the year. This combined approach provides researchers a smooth study start-up, providing St Vincent’s a competitive edge on the global market for clinical trials.  SVHM’S Human Research Ethics Committee Meeting every 2 weeks! For more information, please visit our website www.researchvalet.com.au work on, especially considering the relative youth of our industry. We have, however, managed to build a national network of around 50 partner organisations, including research, industry and service providers, sector enablers and investors that provide a continuum from basic discovery through to manufacture. The other ongoing challenge is the organisation of funding. We worked hard to secure seed funding, state funding from the Victorian Government, and support from MTP Connect, for which we are very grateful. Our priority is to build on this foundation and attract committed investors who are passionate about RM.”