MedTech Actuator

The MedTech Actuator Accelerator is Asia Pacific’s industry-led, venture-backed, 12-month acceleration program for health startups, which simultaneously accelerates technology development, builds team capability, and provides a chance to access up to $200k investment. With a particular focus on regulated products, the accelerator possess a unique expertise to help startups accelerate their go-to-market journey.

Funded through LaunchVic's eighth funding round, this program accelerated 55 medtech startups. As a result of MedTech Actuator's success, they received a further $2.4M investment over the next three years to scale its operations and help meet the growing demand for global health solutions. Over 2021-24, MedTech Actuator will support an additional 30 Victorian startups through their Accelerator program, activate $20 million investment into Victorian-led startups and enable the creation of 20 new patents.

Accelerator Program Details

Program LocationMelbourne, accepting startups across APAC who are willing to come to Australia
Industry FocusMedTech, HealthTech, BioTech
Length of Program12 months
Application PeriodUsually January - March
Program EngagementThe first of three phases (months 1–4) consists of four week-long intensive sprints at the beginning of each month followed by downtime for individual strategy work. Phase 2 consists of self-structured, intensive growth guided by mentors and industry experts to refine your strategy and prepare you for investment. Phase 3 (month 12) focuses on internationalisation and global growth of business workshops and an international trade mission.
Venture StageEarly Stage,Pre Seed,Series A
Program Cost %5 equity program fee for all accepted startups
Investment StructureParticipants are eligible for up to $200,000 investment in return for equity. Investment is typically split into two tranches. The first tranche of $50,000 happens at the beginning of the program while the second tranche is triggered after meeting certain predefined milestones. Investment is optional for accepted startups.
Desk SpaceNot available

Visit The MedTech Actuator website for further program and application information.