The OCCI signs MOU with MedTech Actuator to build a commercialization ecosystem
On Friday, March 15, the Osaka Chamber of Commerce and Industry (OCCI) signed a Memorandum of Understanding (MOU) with MedTech Actuator to further expand their partnership.
MedTech Actuator is a global accelerator supporting startups in the medical, biotech and health fields. As Expo 2025 Osaka, Kansai approaches, medical and health businesses are drawing more attention, and there will be an increasing number of opportunities for startups to gather in Osaka.
Both sides will work together to build an ecosystem for startups in the medical and health fields, which will then last as legacy of the expo, by using MedTech Actuator's expertise on startup acceleration and OCCI's experiences and networks across Japan.
MedTech Actuator will also prepare for opening of their base in Osaka, where an international pitch competition in medical and health is planned to take place for the first time in 2025.
Summary of the MOU
The OCCI and MedTech Actuator agree to cooperate and jointly work to discover startups across the Asia-Pacific region and other regions of the world and support them to accelerate commercialization in global markets.
Significance of the MOU
Startups in medical and health will receive support to determine their best exit strategy looking across global markets, thereby growing up to be globally competitive companies. Osaka will work as a hub for Japan and East Asia, and a global startup support ecosystem is expected to be built in the future through reinforced networks of ecosystem hubs located around the world.
Support programs for startups in Japan
ORIGIN -- Education and pitch program for early-stage startups including those in idea-stage
GLOBAL NAVIGATOR -- Program that helps small and medium-sized companies aiming to expand their business overseas
About the MedTech Actuator
A nonprofit organisation that globally supports startups in the medical and health fields. Headquartered in Australia, MedTech Actuator has profound expertise and networks to provide startups with the best exit strategy in global markets. They have supported 200+ health startups, raised more than $750 million and placed 20 products/services in the market.