WHAT IS THE ACTUATOR ACCELERATOR

The Actuator is Australia’s first national seed-to-series A accelerator for MedTech startups. Through intensive mentorship, industry collaboration, and capital raising 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 leading into clinical trials, advanced manufacturing, and at-scale technology deployment.

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).

 

THE DEAL TERMS

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.

 

THE PROGRAM

Our market leading accelerator program will take up to 10 startups (per intake) on an intense 15 month journey consisting of:
o 2 month intensive kick-start sprint
o 4 month tailored, mentor-driven development
o 9 month market-focused scale-up

How to Apply: Winter 2019 Cohort

We take up to 10 companies per cohort, with a new intake every 6 months (Summer and Winter). 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.

 

THE PROCESS

1. Submit your application

Entrepreneurs and innovators of Australia – tell us your story! Applications for this intake close on Thurs 30 May.

2. Video Interview

Top teams will be invited to a 15-min video interview with The Actuator panel to take place on 12 June.

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 5 July.

4. Entry into The MedTech Actuator Accelerator

The top 10 teams will receive up to $200,000 seed equity investment (tranched) and entry into The MedTech Actuator Accelerator 15-month program. Official offers are sent out on 12 July, the online bootcamp starts in August, and the first national sprint kicks off in Melbourne on 2nd September!

 

***Timeline subject to change***

 

Ready to Apply? 

SUBMIT YOUR APPLICATION HERE

 

Unsure if you’re eligible? 

SUBMIT AN EXPRESSION OF INTEREST HERE

Questions? We have answers.

Head to our FAQs to find out more.