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The Medtech Actuator Accelerator Program

Overview

This program aims to build, connect and optimise Australia's medtech performance by priming, augmenting, and developing a State-based innovation ecosystems through a nationally-focused strategy.

The program will take up to ten startups (per intake) on an intense 15 month journey consisting of:
- Two month intensive kick-start sprint
- Four month tailored, mentor-driven development
- Nine month market-focused scale-up

At the seed equity investment, the cost of capital is 1% equity for every $10,000 provided, up to a maximum of $200,000. Regardless of the size of the investment, either 5% (partner) or 7.5% (non-partner) will also be taken for participation in the program. They must be formally nominated by the organisation.

Who Can Apply?

Eligible applicants include startups in Australia.

  • Start-up
     
  • Research & Development
  • Marketing
     
  • Export
     
  • Business Support
     
Documentation Uploaded
Web Overview 2019-05-03 Download
FAQs 2019-05-03 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 16 May 2019
Closing Date 30 May 2019
Closing Information
This program is available biannually. The next funding round is yet to be announced.

Value
Funding Type Investment, Mentoring
Max.Funding $200,000
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