New Delhi [India], Apr 12 : A significant Indo-Australian Research Exchange Program has been signed by our Prime Minister along with the Prime Minister of Australia, Malcolm Turnbull during his visit to India.
A Joint Media release with the Minister for Industry, Innovation and Science Senator the Hon Arthur Sinodinos and Foreign Minister, the Hon Julie Bishop was released for Joint Research projects focused on advanced manufacturing, improved disease control and new medical technologies.
The Australian Government is contributing around USD seven million in funding towards these 10 projects.
Since its establishment in 2006, the Australian and Indian governments have together committed more than USD 100 million to the AISRF.
The program has supported some 300 collaborative activities. Australian recipients are BioQ Devices, Monash University and the University of New South Wales. The AISRF is Australia's largest fund dedicated to bilateral science collaboration. It helps build links between Australia's and India's top universities, research institutions and the end users of scientific innovation.
Frontier Mediville a Basic Science Research institution is the only Private Institution from India which has been successful as a grand recipient.
QHeart Medical in collaboration with Frontier Mediville, University of New South Wales and Queensland University of Technology are developing a revolutionary heart failure treatment device.
This cost effective cardiac assist device requires no pump or control system and aims to improve quality of life and reduce Heart care for millions of unserved patients worldwide.
"This collaboration is a historical milestone and we are glad that Frontier Lifeline Hospital is the only private hospital which has been selected for the AISRF," said chairman and CEO of Frontier Mediville, Dr.