We are endeavouring to source additional research & development funds
for an Australian-based organisation developing a device to treat
lymphoedema a debilitating condition for which there is currently no
cure. The results of the first clinical pilot study for this device
were outstanding and confirmed that it is 90 times more time efficient
than existing procedures. We need to locate funds or individuals
prepared to financially support this technology.

Dear Toodyay, 

Thank you for your question. 

The first source that you might consider approaching is your own
government. The Australian government has a programme of grants and
funding for biotechnological ventures.
NSW - BioBusiness Programme
<http://www.msmr.nsw.gov.au/funding_and_awards/biobusiness_programs> 

NSW - Infrastructure Grants Organisation
<http://www.msmr.nsw.gov.au/funding_and_awards/infrastructure_grants_program> 

Victoria - Biotechnology
<http://www.biotechnology.vic.gov.au/index.asp> 

AusIndustry Home Page 
<http://www.ausindustry.gov.au/> 

Australia. Department of Health and Family Services 
<http://www.health.gov.au/> 

There are also other programmes: 

Medical Research Council (UK)
http://www.mrc.ac.uk

Europ Science Foundation (ESF) Home Page 
<http://www.esf.org/> 

Doris Duke Charitable Foundation 
<http://fdncenter.org/grantmaker/dorisduke/index.html> 

GrantNet 
<http://grantnet.health.gov.au/> (the site didn't work for me, but it
is supposed to work)

Human Frontier Science Programme 
<http://www.hfsp.org/> 

National Institutes of Health -- Funding Opportunities 
<http://www.nih.gov/grants/> 

NHMRC Health Research Page 
<http://www7.health.gov.au/nhmrc/> 

Ramaciotti (Perpetual Trustees) 
<http://www.perpetual.com.au/> 

The Ian Potter Foundation Homepage 
<http://www.ianpotter.org.au/index.html> 

Wellcome Trust Online 
<http://www.wellcome.ac.uk/> 

There are also commercial venture capital firms: 

A.M. Pappas & Associates 
http://www.ampappas.com

Abingworth Management Limited 
http://www.abingworth.com

Advantage Capital Partners 
http://www.advantagecap.com

Alloy Ventures, Inc. 
http://www.alloyventures.com

Ampersand Ventures 
http://www.ampersandventures.com

ARCH Venture Partners 
http://www.archventure.com

Asset Management Associates 
http://www.assetman.com

Burrill & Company 
http://www.burrillandco.com

Burrill AgBio Capital Fund 
http://www.burrillandco.com

CHL Medical Partners LP 
http://www.chlmedical.com

Convergent Ventures, LLC 
http://www.convergentventures.com

CW Group - Medical Venture Capital 
http://www.cwventures.com

Domain Associates 
http://www.domainvc.com

Euclid Partners 
http://www.euclidpartners.com

Forward Ventures 
http://www.forwardventures.com

Intersouth Partners 
http://www.intersouth.com

Medicus Venture Partners 
http://www.medicusvc.com

MedVenture Associates 
http://www.medven.com

Menlo Ventures 
http://www.menloventures.com

MPM Capital 
http://www.mpmcapital.com

New Enterprise Associates 
http://www.nea.com

Oak Investment Partners 
http://www.oakinv.com

Oxfordshire BiotechNet 
http://www.biotechnet.co.uk

Pacific Horizon Ventures 
http://www.pacifichorizon.com

Pacific Venture Group 
http://www.pacven.com

Pennsylvania Early Stage Partners 
http://www.paearlystage.com

Pinetree Capital 
http://www.pinetreecapital.com

Sanderling 
http://www.sanderling.com

Seaflower Associates, Inc. 
http://www.seaflower.com

Sorrento Ventures 
http://www.sorrentoventures.com

TL Ventures 
http://www.tlventures.com

TVM Techno Venture Management 
http://www.tvmvc.com

The Vertical Group
http://www.vertical-group.com/index.htm

I hope this answers your question. Please contact me if you need any
further clarification on this answer before you rate it. My search
strategy: "Medical Research Investment Fund" australia, medical
research venture investment biotechnology, medical research venture
investment

I wish you success in your venture.

:(

The website, www.ourcommunity.com.au has a lot of useful information
regarding funding and grants from Australian companies, govts,
philanthropists etc. Hopefully you'll find it helpful. A subscription
is payable but that entitles you to receive a comprehensive monthly
bulletin (emailed -- 80+ pages).

Our community group pays just $45 a year but a private enterprise
might be  up for a higher sub. Not sure.

Good luck. My mum suffers from this awful condition so I *really* do
hope you achieve success.

Congratulations on a very comprehensive answer, politicalguru. As
someone who regularly applies for funds for various community groups,
I personally found your answer to be positively stellar x 5  ;)

Thank you stressedmum.