EMVision Medical Devices Limited (ASX: EMV) (“EMVision” or the “Company”), a medical device company focused on the development and commercialisation of medical imaging technology, is pleased to advise that, in a collaboration with the University of Queensland (UQ) and Metro South Hospital & Health Service, two key members of the UQ electromagnetic imaging algorithm team have won prestigious Advance QLD Industry Research Fellowships.
These fellowships include a total of $360,000, over 3 years, in Advance QLD funding towards their respective roles in EMVision’s brain scanner development program. The fellows will be physically co-located between UQ (applicant), EMVision (partner) and Metro South Health (partner). These Fellows will add capacity and allow accelerated approaches to image reconstruction.
The funding agreement for these fellowships is anticipated to be executed shortly.
EMVision’s CEO, Dr Ron Weinberger, commented “We are thrilled with the state government’s recognition and support of our transformational brain scanner development program. These highly competitive fellowship wins will help offset the cost to EMV for key team members and coincide with the Company’s ongoing recruitment of key roles in its product development team focussed on building devices for regulatory approval and commercial release. We continue to pursue non-dilutive opportunities that makes sense, ensuring the best use of our funds”.