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Newcastle Permanent and HMRI Join Forces for Groundbreaking Health Research Partnership

today9 October 2024

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In a major boost to the Hunter region, Newcastle Permanent and the Hunter Medical Research Institute (HMRI) have announced a landmark two-million-dollar partnership aimed at accelerating medical research and nurturing innovation. The collaboration promises to drive forward crucial health advancements, bringing together local talent and industry expertise.

The partnership, unveiled today, will see the creation of the Innovation Accelerator, designed to fast-track groundbreaking research and help bridge the often challenging gap between innovative ideas and real-world solutions. This initiative will provide vital mentoring and strategic support to emerging researchers from the University of Newcastle and the Hunter New England Local Health District, empowering them to bring their ideas to market.

Local Talent at the Forefront

Professor Frances Kay-Lambkin, CEO of HMRI, expressed her excitement about the potential this partnership holds. “We are thrilled to launch this partnership with Newcastle Permanent. Together, we can make a lasting impact on the health of our communities by supporting cutting-edge research and driving real-world healthcare solutions,” she said.

A key focus of the initiative will be the Newcastle Permanent Emerging Innovator Award, which will recognise promising local researchers. This award aims to foster innovation across the region, ensuring that the brightest minds are supported in their efforts to tackle pressing health challenges.

A New Model for Industry Collaboration

Bernadette Inglis, CEO of Newcastle Permanent’s parent company NGM Group, highlighted the significance of this new venture. “This partnership represents a fresh approach to how industry can collaborate with research institutions. By fostering a culture of innovation and collaboration, we are helping to position the Hunter as a leader in global medical research.”

Ms Inglis emphasised the potential long-term benefits of the partnership, noting, “HMRI has an outstanding track record of life-saving research, and we are proud to be part of supporting even more breakthroughs that will have a lasting impact.”

Building a Bridge from Research to Reality

The partnership’s goal is clear: to transform medical research into tangible healthcare solutions. The Innovation Accelerator will play a key role in making this a reality, helping to bring discoveries from the lab to the community. With a focus on improving local health outcomes, the collaboration between Newcastle Permanent and HMRI will also contribute to broader global health advancements.

As Professor Kay-Lambkin explained, “This partnership is about more than just supporting research. It’s about creating a transformative future for healthcare innovation, one that is deeply connected to our local community and designed to meet real-world needs.”

This two-million-dollar investment by Newcastle Permanent signals a new chapter in their long-standing support of HMRI. The partnership, built on a shared commitment to community well-being, promises to make a significant difference not only in the Hunter region but across the world.

Written by: Newy Staff


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