elizabeth foley - research australia - philanthropy and its importance in medical research
DESCRIPTION
Elizabeth Foley delivered the presentation at the 2014 Future of Medical Research Conference. The 2014 Future of Medical Research Conference allowed industry professionals to address questions regarding the future of medical research in Australia, with key topics including what the current focus in the industry is, how to best generate funding, what the latest innovations are, and how to commercialise the research into treatments and cures. For more information about the event, please visit: http://bit.ly/futuremed14TRANSCRIPT
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How important is Philanthropy in medical research?Will it remain so in the future?
Elizabeth Foley | 26 September 2014
The Future of Medical Research- Sydney Harbour Marriott
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Research Australia: Mission and Goals
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A well informed, engaged society
Know research = improved health and wellbeing Support government funding for research Donate to research
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A well informed, engaged society
Know research = improved health and wellbeing Support government funding for research Donate to research Pursue a career in research Take pride in Australia’s international reputation Participate in clinical trials Understand lag between discovery to new treatment Willing to have health records and tissue samples used for
research
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H&MR’s share of philanthropy
Note UK proportion is also 10%
Australia’s Philanthropy Market by Cause
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Mean score / 5
Medical research 4.2
Hospitals &assistance for the sick
4.1
Community welfare (in Aust)
3.7
Animal welfare 3.4
Education (support for schools or higher
education)3.3
Environment & conservation
3.2
International aid 2.7
Arts and culture 2.2
In Australian donors’ minds, medical research is clearly number one2,000 respondents selected randomly were asked to rate each cause (presented randomly) with a number from 1 to 5 based on their views as to the merit of each for donations
1 5
Source: yellowSquares Market Research, October 2013
Page 3
2 3 4
least deserving
most deserving
45% of respondents rated medical research “most deserving”, significantly higher than other cause.
Philanthropy in Australia
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Why the miss-match?
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Donor activity in last year
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Funding of H&MR in Australia
AustralianGovernment
States & Territories governments
Non-Government Not-For-Profit
Business Total
$ Million 3,297 776 259 1,220 5,552
% of total 59 14 5 22 100
Source: AIHW, Health Expenditure Australia, 2010-11 and ABS, 8104.0 R&D Businesses, Australia, 2010-11
Sources differ, estimate 5 to 8% of Australian HMR funding is from philanthropy
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Only 5% to 8% …so what?
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Philanthropy- the Third Vital Source
Different role to Government or Commercial Investment
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Valley Of Death
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Role of Philanthropy
Supports research that is• Too new, high risk or contentious• At too early a stage, no proof of concept
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Bionic ear a great example
Research began in the 1960’s
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Bionic ear a great example
Research began in the 1960’s$6 Million Dollar Man…1970’s
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Role of Philanthropy
Supports early career researchers with no track record Main Support for rarer diseases research
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Priorities for the Federal Government
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What research to fund with scarce resources?
Benefit Australians Affects Kids
Saves money
Generates Wealth
Best Researchers
Competitive advantage
Developing world
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Strong support for increasing spending on health and medical research
Redirect health savings to additional H&MR
Reduce spending in non-health areas
Increase taxes
No increase to H&MR Funding
Don’t knowunsure
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Summary of Support for increasing investment
YES NO Not from health areas
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Will additional government investment reduce donations?
Regular donor propensity to donate if government MRFF plans go ahead
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2013: H&MR is a government responsibility!2012
Ranking
3rd
1st
4th
2nd
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Medical Research Future Fund
Will take 9 years to grow to $20 billion
Payouts to grow to $1 billion p.a. over 9 years• $20m in 2015-16• $500m in 2019-20• $1b in 2022-23
Additional $1b p.a. = 40% of current NHMRC apps would be funded
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• Australia: 0.075%• US: 0.216% • UK: 0.127%• Canada: 0.11%
Source: 2013 OECD Scoreboard
How Much is Enough?Government Funding of Health Related R&D, 2012
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International experience: UK
• Government funded Medical Research Council invested > £766 million (A$1,385m) in 2012/13,
• The UK ratio of government funding to GDP is 0.127%, compared to Australia’s 0.075%.
• The Wellcome Trust invested £463 million (A$837million) into research alone.
• Cancer Research UK, raised A$887.4 million for cancer research in 2013, up 6 per cent on the previous year.
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What makes people give?
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Mr Peter Wills AC
The Australian Experience
Wills Review - 2000
NHMRC funding doubled
Grant Review - 2004
NHMRC funding doubled
Philanthropy continued to grow
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MRFF Action GroupAAMRI
AusBiotechThe Australian Society for Medical Research
Group of Eight Universities Australia Go8 Deans of Medicine Committee
Medical Deans Australia and New ZealandResearch Australia
Founding Chair Research Australia’s director: Alastair LucasCurrent chair is UBS Peter Scott
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Imagine a healthier future campaign
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$ Value of donations from regular donors
Most donate < $100
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Donation Intentions this year
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Are Australian’s interested in science?
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Key Take outs
Australians are generous and strongly support donation to health and medical research.
Community is highly supportive of increasing federal investment in H&MR
We need to communicate to donors • MRFF will take 9 years to get to $1b payouts• Philanthropy has a different vital role to play• Proposed level of investment brings us in line with OECD average
Government spending begets giving Giving begets giving
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Thank you for listening