Mar 04, 2022

MedTech Actuator Accelerator 4th Birthday

MedTech Actuator Accelerator 4th Birthday

Here’s to another year of supporting APAC’s best emerging medical innovations through the MedTech Actuator Accelerator!

From the very first MedTech Actuator Accelerator cohort in 2018 to today, over 50 medical innovations have developed into startups leading Asia Pacific’s health transformation. 

Last night, we got together with our alumni to celebrate our six cohorts navigating the commercialisation journey. And we continue our call for the seventh accelerator cohort taking place later this year – applications close this Sunday 6 March.

Looking back to reflect forward

Alumni joined us on stage last night with their original pitch decks from day one. This highlighted the strength of founders within our community, and how far they’ve come since completing the MedTech Actuator Accelerator.

Looking back to where we’ve been is an essential part of the process. It provides perspective and reassurance that we’ve come a long way and the confidence to rise to challenges ahead. Founders can tackle anything. Especially when they’ve got a community of founders, industry experts, investors, researchers, and clinicians backing them from the beginning. 

Our very first pitch

Buzz and Vishaal share MedTech Actuator's first ever pitch.

Dr Buzz Palmer, CEO of MedTech Actuator, shares the first pitch deck for the organisation.

At MedTech Actuator, we believe in learning from the past and helping others to avoid the same pitfalls. Follow the tips below from us and founders, as well as those in this blog post, if you’re looking to put together a stand-out application for the MedTech Actuator Accelerator.

Tip 1: Make sure the content can stand on its own. Fancy branding will only get you so far.

Nutromics

Hitesh Mehta and Peter Vranes, Co-Founders of Nutromics.
Hitesh Mehta and Peter Vranes in the early days of Nutromics

“When we pitched, Nutromics had just landed on our new logo, so we put it everywhere… actually six times on our competitors’ slide. Don’t do this. Keep it simple and clear.”

“As of today, we’ve raised $6M in total. We are very appreciative of the faith that Buzz Palmer, Vishaal Kishore, and the MedTech Actuator had in us. It was the conduit that got us to where we are today.”

– Hitesh Mehta and Peter Vranes, Nutromics

Tip 2: The team is everything. When pitching and applying to programs, let us know who you are and what you stand for.

Stelect

Elise Sutherland, Stelect

“We didn’t have a team slide, which I thought was odd. We mustn’t have thought team was important, but that’s something we learned through MedTech Actuator. Team is crucial.”

“According to our market slide, Stelect was doing it – we’re going everywhere. It was not a market entry strategy, it was an every market strategy. Things have clearly changed since then and our expectations are more realistic now…”

-Elise Sutherland, Stelect

Tip 3: Back up your claims and value proposition. And, if you don’t know something or you’re making an assumption, that’s okay. We don’t expect you to know it all.

Navi Medical Technologies

The Navi team
The Navi Medical Technologies team

“In our first pitch deck, our value prop was making things better and, of course, we reduced the risks whilst doing so. No quantifications needed – we just made things better. We leveraged this notion to back up our subscription revenue model, which lasted for about a month after we pitched to MedTech Actuator. That all changed when we spoke to hospitals and they laughed in our face.”

“If you’re thinking about the path to market, it is probably going to take twice as long as you expect.”

“The MedTech Actuator Accelerator was a real catalyst and enabled us to take that first step!”

-Alex Newton, Navi

Proud to celebrate with you

Thank you to the founders and everyone who surrounds and supports them. Together, we make up the MedTech Actuator community and it brings us great pride to watch you grow and move closer to market. We can’t wait to celebrate our 5th birthday with you all next year!

Ready to level-up?

If you’ve got an idea that you’d like to take through the program, then apply for the MedTech Actuator Accelerator by Monday, March 7.

Or, sign up to MedTech Actuator updates below to stay in the loop.

The MedTech Actuator Accelerator is supported by LaunchVic and the REDI Initiative, powered by MTPConnect.