Monash University has partnered with Sheba Medical Center in Tel Aviv, Israel to research and develop more equitable healthcare models and medtech manufacturing opportunities in Victoria.
Minister for industry and innovation Ben Carroll joined Monash University as the two organisations signed a Memorandum of Understanding (MOU).
To support the MOU, the Victorian state government will invest around $200,000 with Monash University’s Victorian Heart Institute to improve access to the latest technology and enable faster adoption of new treatments for cardiovascular diseases, helping address one of the leading causes of death around the world.
Sheba Medical Center is recognised as one of the world’s leading hospitals, specialising in the use of artificial intelligence (AI), robotic surgery, digital imaging and telemedicine, developed through its in-house innovation hub.
The partnership is expected to enhance Victorian healthcare delivery and pave the way for local companies to create new jobs in medtech research, manufacturing and export.
Other medtech projects supported by the state government include the establishment of the $20 million Australian Medtech Manufacturing Centre, mRNA Victoria, and investments into medtech startups through LaunchVic and the Breakthrough Victoria Fund.
Victoria’s medtech sector creates $21.4 billion in revenue and $3.5 billion in exports, supporting around 31,400 jobs.
“We welcome this new partnership between Monash and Sheba, as it will help drive increased investment in Victoria’s medtech sector and improve healthcare for Victorians,” Carroll said.
Minister for health Mary-Anne Thomas said, “This is an excellent opportunity for Victoria to partner with one of the top hospitals in the world, which is also a leader in digital health innovation.”
Monash University deputy vice-chancellor Professor Doron Ben-Meir said, “Monash University has a strong track record in turning discoveries into impact, and this partnership is another step forward in the integration of research and translation to improve health outcomes.”
Sheba Medical Center director general Professor Yitshak Kreiss said, “Together, we will promote economic growth as we advance healthcare and in doing so shift the paradigm of the future of medicine to one that emphasises prevention.”
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