Empowering founders in health innovation

The Accelerator

The MedTech Actuator Accelerator is Asia Pacific’s industry-led, investor-backed 12-month venture development program for early-stage MedTech, BioTech and HealthTech startups. The program will simultaneously accelerate your technology development, build your team capability and provide access to investment. 

The Accelerator is designed to support every dimension of health-innovation commercialisation, with elements of the program built to support each cofounder in their focus areas.

The first 6-months of the program are built around intensive 3-day sprints with each day focused on a specific area, allowing the appropriate cofounder to attend. The second 6-months are focused on self-structured growth with the support of commercial experts, strategy sessions, industry mentors and curated events. 

Throughout the program, founders have access to dedicated industry mentors, experts-in-residence, investors, key industry leaders, suppliers and government support agencies. At the end of the Accelerator, founders walk away with a clear roadmap and understanding of commercialisation and will have launched a capital raise round.

Commitment

MedTech Actuator Accelerator requires at least one team member to be available for each day of each sprint. The sprints have been designed to share the load, responsibility and focus of the cofounders. Across the 3-day sprints, the first day will be focused on team, strategy and startup growth, day two commercial, capital and operational, while day three is focused on technology and product development. Therefore, all teams should have a core team member leading their participation in the program for each stream, and all team members should be in attendance on the first day of each sprint – please read the FAQs for further information. 

Eligibility

Our program is targeted at MedTech, HealthTech, and BioTech startups at TRL 4 and above. Our specialty is healthcare startups with robust IP and a regulated path to market.

To be eligible for the program, founders/teams must be:

– Based in Australia, or internationally with an ability to travel to Melbourne to attend intensive sprints and a demo day in person

– Incorporated as a company, however, this is not required at the time of application.

– Aware that setting up a startup and commercialising medical technology is demanding. The MedTech Actuator Accelerator is intensive and requires that teams can commit sufficient resources. We require at least one cofounder to participate in the Accelerator for the duration of the program. 

At the MedTech Actuator, we’re for innovators. And this means creating opportunities for innovators from all corners of the system, and from multiple backgrounds and contexts.  MedTech Actuator encourages applicants from diverse backgrounds to apply. 

Please read the FAQs and reach out to the team if you have any questions about your eligibility.

Investment Terms

MedTech Actuator takes 5% equity for participation in the Accelerator program.

Access to capital is strongly encouraged to participate in the program. This cash flow can be either self-funded through the ‘unfunded track’, or you can apply through the MedTech Actuator Fund as part of ‘the funded track’.

Through the MedTech Actuator, startups may be eligible for an upfront investment between $10,000 – $50,000. Later in the program, startups may have access to an exclusive funding partner as part of their initial capital raise. The deal terms for early-stage capital is 1% equity for every $10,000 invested. 

Please read the FAQs and reach out to the team if you have any questions about the program investment terms.