The Actuator is Australia’s first national seed-to-Series A accelerator for MedTech startups. Through intensive mentorship, industry collaboration, and value-network support, our portfolio companies can achieve in 15 months what can typically take 3 years or more.
We offer up to $200,000 seed investment per company and entry into a 15-month intensive program. The expected outcome is a globally competitive MedTech startup that has raised $3M+ in angel and Series A round funding and is well underway in their clinical trials.
The Actuator Accelerator is competitively accessed. We have a suite of priming programs to help projects develop to the point of eligibility (i.e. 2+ founders, TRL4).
We offer flexible engagement in our program – but our deal terms are the same for every company that we bring into our portfolio. 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. You must be formally nominated by this organization.
Cohort companies transition to a mentoring approach in the second half of the program, meeting monthly with their mentors and focusing on implementing on the plan and achieving key milestones.
We co-ordinate several investor introduction opportunities and trade missions for our startups where we set up meetings with tailored and relevant corporates, corporate venturing, venture capital, investors, or potential collaborators.
We take up to 10 companies per cohort, with a new intake every 6 months (March and September). The application process is staged to minimise the amount of preparation work required for applicants that do not advance. There will be a deep due diligence for startups that advance through the application stages – but we will help you through this process.
Applications for the February 2019 intake are closed.
1. Submit your application
Entrepreneurs and innovators of Australia – tell us your story! Applications for this intake will open on 25th March and close on 3rd May.
2. Video Interview
Top teams will be invited to a video interview with The Actuator panel to take place on 17th May.
3. Innovation Assessment Board (IAB)
Successful applicants will be invited to pitch in-person in Melbourne to our Innovation Assessment Board, which will take place on 13th June.
4. Entry into The Actuator Accelerator
The top 10 teams will receive up to $200,000 seed equity investment (tranched) and entry into The Actuator Accelerator 15-month program. The online bootcamp starts in August, with the first national sprint kicking off in Melbourne on 2nd September!
Unsure if you’re eligible?