Medical Research Future Fund

Last updated: 22 February 2023

The Medical Research Future Fund (MRFF) is a major new source of Australian Government funding for health and medical research, established in 2015.

It is a sovereign fund, designed to provide funding for health and medical research and its translation from the dividends. The Australian Government invested $3.2 billion into the MRFF on 21 July 2020 – this final investment brings the fund’s capital to the target of $20 billion.

The Government’s MRFF 2nd 10-year Investment Plan spending focuses on 4 key research themes – Patients, Researchers, Research Missions, Research Translation. This is in line with the MRFF Strategy and Priorities.

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