THE IRT Group's new $20 million IRT Foundation is presently taking applications.
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The 2015 grants round will fund research initiatives that seek to improve the mind, mobility and lifestyles of senior Australians.
IRT chief executive Nieves Murray said the first round would focus on projects that help older people to age well in their own homes.
Ms Murray said Australian researchers and institutions with expertise on topics affecting older people in Australia were eligible to apply.
She said IRT had invested more than $1.6 million in research projects, which were the key plank to the group's commitment to benevolence.
"Our target is to invest $20 million by 2020 and we are well on the way to reaching this goal," she said.
The foundation is seeking research proposals that address one or more of the 30 research-priority topics listed in the National Community Care Research Agenda, 2010 (www.aag.asn.au) developed by Aged and Community Services Australia, the Australian Association of Gerontology and the ARC/NHMRC Research Network in Ageing Well.
Last year IRT Foundation received 48 applications from researchers across Australia and selected three.
Grant applications must be in by June 29, 2015. Forms and instructions are available on the IRT website and further information can be sourced by email at irtfoundation@irt.org.au.
Ms Murray told the official launch dinner in 2014 that the launch of the foundation was a significant milestone in IRT's 45-year history.