After demo day you will be raising a seed round with external investors. The size of the round differs from startup to startup and will depend on the potential that investors see in your company. Typically, MedTech Actuator™ startups raise between $500k and $1M post demo day.
The MedTech Actuator™ will be actively supporting you on your fundraising journey post demo day by helping you with fundraising strategy development, investor outreach activities, preparing you for a series A raise at the end of the 15-month program and through follow-on investment via its seed and later stage funds.
The 5% participation fee is what makes our 15-month ‘one of its kind’ program possible. It aligns the MedTech Actuator’s interests with your interests and incentivises us to push harder and go the extra mile for our founders – well beyond the duration of the program.
Yes, absolutely. Investment through the MedTech Actuator™ seed fund is optional for startups participating in the program. There is no obligation to seek investment from the MedTech Actuator™ seed fund.
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.