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).
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.
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.
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?
Unsure if you’re eligible?