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 Location||Melbourne, accepting startups across APAC who are willing to come to Australia|
|Industry Focus||MedTech, HealthTech, BioTech|
|Length of Program||12 months|
|Application Period||Usually January - March|
|Program Engagement||The 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 Stage||Early Stage,Pre Seed,Series A|
|Program Cost||%5 equity program fee for all accepted startups|
|Investment Structure||Participants 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 Space||Not available|
Visit The MedTech Actuator website for further program and application information.