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The Medtech Actuator Accelerator Program

Overview

This program program is designed to support commercialisation of seed-stage medical technology ventures.

The program consists of:
- Intensive, monthly industry-led 1-week sprints over the first six months covering:
a) Strategy analysis
b) Regulatory
c) Reimbursement and clinical development
d) Fundraising and equity
e) Brand
f) Communications and press release
g) Customers and partnering
h) Growth strategy.
- The following nine months - startups transition to a mentoring approach, meeting regularly with mentors and advisors, implementing on the plan, raising capital and achieving key milestones.
- Facilitated access to key ecosystem players and domain expertise.

Between sprints, startups will incorporate learnings and work towards their milestones, alongside rigorous mentoring, coaching and leadership support.

The top 10 teams will receive up to $200,000 seed equity investment and entry into The Actuator Accelerator 15-month program.

Who Can Apply?

Eligible applicants include entrepreneurs and innovators of Australia.

Please refer to the Participation Agreement for the complete information on eligibility requirements.

Eligible Activities

Eligible types of medical technology include:
- Device
- Diagnostic
- Bionics
- Instrumentation
- Other (Note: This will be discussed with the team to determine whether the technology and team will benefit from the Actuator program)

  • Start-up
     
  • Research & Development
  • Marketing
     
  • Export
     
  • Business Support
     
Documentation Uploaded
Web Overview 2018-11-02 Download
FAQs 2018-11-02 Download
Participation Agreement 2018-11-02 Download

Use these documents as a guide only - always get the latest direct from the Administrator

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Category
Business
Dates
Status Pending
Start By Date 19 Oct 2018
Closing Date 2 Nov 2018
Closing Information
This program is available biannually. The next funding round is yet to be announced.

Value
Funding Type Investment, Mentoring
Max.Funding $2.7M
Co-contribution Yes
Competitive Yes
Eligible Activities
Activities
Training / Employment
Start-up / Establishment
Who Can Apply?
Location
National
Industries
Information Technology and Communication (ICT)
Healthcare, Medical, Biotechnology and Nanotechnology
Difficulty Rating
Administrator
Tier Other
Contacts
Program Administrator
STC Australia
General WebsiteVisit
Program Website Visit