$4.8 MILLION FUNDING INJECTION TO SUPPORT HEALTH STARTUPS 

Last Updated: Tuesday, 2 October 2018

The Andrews Labor Government has announced $4.8 million to accelerate the growth of Victoria’s health and life sciences startups and bolster Melbourne’s reputation as a leading health tech hub in the Asia Pacific.

The funding will be delivered through Victoria’s startup agency LaunchVic and support seven successful recipients to deliver accelerator and education programs across Victoria.

The selected programs will help health startupsto thrive in the global market and drive further growth for Victoria’s booming health sector, which currently contributes $30 billion a year to the state.

One in five Victorian startups are in health, wellbeing or sports, and attract more investment than any other sector while also providing more than a quarter of jobs within the Victorian startup sector.

The successful recipients include:

• The Victorian Medical Device Partnering program by Flinders University

• The Victorian Health Network Accelerator (VHNx) by The Royal Melbourne Hospital

• Scaling Medtech Innovation from Victorian Hospitals program by The Actuator

• The Victorian Angel Investor Education project by Artesian Venture Partners

• The HealthTech Export Strategies for Asia Markets program by Australia China Health Accelerator (ACHA)

• The HealthTech Reimbursement: Getting Paid in the US program by BioMelbourne Network

• The B.R.I.G.H.T Future for Digital Health Innovators by ANDHealth