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Press Release

Congratulations Medovex on securing $760,000 in grant funding

Grant Thornton congratulates Medovex Pty Ltd on successfully attracting funding from the NSW Government’s Regional Economic Development and Community Investment Program (REDCIP).

Medovex, a proudly Australian-owned company specialising in medical devices for chronic back pain caused by facet joint disorders, has secured a $760,107 grant to establish a cutting-edge manufacturing and sterilisation facility in Wollongong, NSW. This investment will bolster the company’s export capacity and support ongoing service to its established markets in the UK and New Zealand.

Grant Thornton is proud to have supported Medovex to identify the REDCIP program which was well aligned to their strategic expansion aspirations into the EU and Germany, as well as support them to develop their application for this grant funding.

“We are thrilled to receive this grant, which allows us to support advanced sovereign manufacturing capability in Australia and create a regional hub for innovation in Wollongong. This investment will accelerate our growth, expand our export capacity, and deliver skilled jobs to the local community. Working with Grant Thornton was invaluable – their ability to produce a strong application under significant time pressure ensured we could seize this opportunity. This grant award simply would not have happened without their guidance and the NSW Government’s commitment to regional development,” said Christopher Athavle, CEO of Medovex Pty Ltd.

“Grant Thornton is proud to have supported Medovex on this milestone. This project strengthens Medovex’s operations, creates skilled jobs, and drives innovation in regional NSW – reinforcing the region’s role as a hub for high-value manufacturing and shaping the future of Australia’s medtech sector,” said Simone Barker, Innovation Incentives Director.

About the REDCIP Program

The NSW Government’s Regional Economic Development and Community Investment Program (REDCIP) aims to strengthen regional economies by supporting projects that create jobs, enhance local infrastructure, and drive long-term economic growth. Through targeted funding, the REDCIP helps businesses and communities invest in innovation, sustainability, and regional development opportunities.

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