The Australian Government has allocated A$280 million (US$187.2 million) for health research through the National Health and Medical Research Council’s Ideas Grants scheme.
A total of 190 projects will receive funding under this program. These projects encompass research from early-stage discovery to practical applications, covering areas such as disease prevention, diagnosis, and treatment.
One of the funded projects will examine the role of gut bacteria in bowel cancer. This research aims to investigate how changes in the microbiome could be utilized to improve screening and prevention methods for the disease.
Mark Butler, the Minister for Health and Ageing, stated that this funding provides Australian researchers with tools to drive innovation, improve patient care, contribute to saving lives, and strengthen the health system.
The conversion rate used was A$1 = US$0.67.