The Medical Research Future Fund (MRFF) is an ongoing research fund set up by the Australian Government in 2015. Every year, the Government uses some of the net interest from this investment to pay for medical research initiatives. In July 2020, the fund grew to $20 billion.
See our MRFF 2nd 10-year Investment Plan over the next decade.
Use these links to find out more about how the MRFF works.
- MRFF Strategy and Priorities
The Government plans funding support according to the MRFF Strategy and Priorities. An independent committee consults the public every 2 years and advises the Government about which research areas are national priorities.
- MRFF funding process
Every year, the fund generates money for medical research. MRFF funding principles, Strategy and Priorities guide how the money is spent. Researchers report regularly to us. We report to parliament every 2 years about how we are using the funds.
- MRFF governance
Several organisations work together to manage the fund and ensure the money is being spent in the best way. Legislation controls how the money can be used, and the independent Australian Medical Research Advisory Board (AMRAB) advises on priority areas for spending.
- MRFF evaluation and monitoring
We are undertaking activities to evaluate and monitor how well the MRFF is meeting its goals.
Why is the MRFF important?
The MRFF is important because it:
- allows Australians to benefit from life-changing medical discoveries
- funds research according to national priorities, filling gaps in areas that need more research
- helps our researchers develop their ideas in Australia
- develops Australia's growing biotech industry, creating future jobs and exports
- builds stronger relationships between researchers, healthcare professionals, governments and the community
- invests in all research stages — from research ideas, through laboratory research and trials, to the final commercial product
We direct MRFF funding to 4 overall research themes, focused on patients, researchers, research missions and research translation.
How can I have my say?
You can email the MRFF at any time with comments or questions.
Alignment and coordination with the Medical Research Endowment Account (MREA)
We have been consulting with stakeholders to help us provide advice to government on ways to improve the alignment and coordination between the MRFF and MREA.
This consultation opened on 4 June 2023 and closed on 14 July 2023. Visit our consultation hub for more information.
You can email HMRconsultations@health.gov.au with any questions about this consultation.
AMRAB consults the public, industry, government and relevant international groups before it develops the MRFF Strategy and Priorities. It updates the Strategy every 5 years and the Priorities every 2 years.
See MRFF consultations for more details information on open and previous consultations.
See more MRFF-related contacts.