What are your investment terms and participation fees?
We receive a 5% equity stake in your company in exchange for participation in the MedTech Actuator.
Participants in the MedTech Actuator™ are eligible for up to $200,000 investment in return for up to 20% equity through our seed fund — equating to 1% equity for every $10,000. Investment is typically split into two tranches. The first tranche of $50,000 happens at the beginning of the program while the second tranche of up to $150,000 is triggered after meeting certain predefined milestones. Investment is optional for accepted startups but we find that most participating teams choose to make use of this opportunity.
The program fee and the seed investment terms are the same for all startups.