The Melbourne-based MedTech Actuator – with offices in Melbourne and Singapore – is a seed-to-Series A accelerator for MedTech, HealthTech and BioTech startups. Through intensive mentorship, industry collaboration, and capital raising support, you can achieve in 15 months what can typically take 3 years or more.
Funded through LaunchVic's eighth funding round, this program will accelerate up to 40 startups. The MedTech Actuator is also providing a gateway for clinical professionals to become integrated into a healthcare-focused angel network.
Accelerator Program Details
|Program Location||Melbourne, accepting startups across APAC (Online delivery during COVID-19)|
|Industry Focus||MedTech, HealthTech, BioTech|
|Length of Program||15 months|
|Program Engagement||The first two phases (months 1–6) consist of 3–5 days of each month in sprints and off-sprint time. During non-sprint weeks participants are free to work on their startup full-time. Phase 2 culminates in a demo day, which is then followed by 9 months of self-structured, intensive growth in preparation for Series A funding.|
|Venture Stage||Pre Seed, Early Stage, Series A|
|Program Cost||%5 equity|
|Investment Structure||Participants are eligible for up to $200,000 investment in return for up to 20% equity, 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.|
|Desk Space||Located at the Victorian Innovation Hub (Not available during COVID-19 restrictions)|
Visit The MedTech Actuator website for further program and application information.