So you’re new to…the Medical Research Future Fund

Officials, advisers and grant winners talk through one of Australia’s most important health research funds

Next year, the Medical Research Future Fund will reach its 10th anniversary. Set up in 2015, it was intended to turbocharge Australian funding for health research through a long-term investment.

Research projects are paid for through interest on the fund’s value, which hit A$20 billion in 2020. Currently, the MRFF is doling out A$650 million annually, making it second only to the National Health and Medical Research Council’s (NHMRC’s) annual spending of around A$900m.