Unveiled Recipients of MedTech Industry Growth Initiative
Present Day Update:
Join the revolution in medical technology with our platform aiding MedTech startups to swiftly conquer their market through the MedTech Market Growth Program, a collaboration with the Australian Medtech Manufacturing Centre.
Victoria's Minister for Jobs and Industry, Nat Hutchins, has announced the 20 beneficiaries of the Victorian Government's Medtech Market Growth Program – each will receive a $50,000 grant to access the skills, services, and resources they need to bring their lifesaving inventions to the world.
The grants bridge the gap between medical product development and penetrating the hospital and healthcare service industry, offering working capital to fine-tune their go-to-market value proposition.
Grant Recipients
Empowering human development through advanced robots
Creating a groundbreaking brain injury sensor device
Revolutionizing lives with powerful neurological implants
Future respiratory care through innovative immune diagnostics and therapies
A portable device for blood coagulation analysis
Combating global oral healthcare challenges
Innovative methods for managing acute renal colic and kidney stones
Pregnancy care reimagined through wearable technology
Targeted and tailored pressure injury and patient monitoring
Surgical innovation for safer laparoscopic procedures
Respiratory infection treatment via wearable delivery platform
Medical innovations for critically-ill pediatric patients
Psychedelic and botanical treatments for mental health issues
Smart wearable device for epilepsy medication delivery
A prosthesis alternative for jaw pain and dysfunction
Speech and language training tools for children with autism
Improving accuracy and adherence with home blood pressure monitoring
Precise, affordable, and portable medical tests for global healthcare
HEALTHTECH INSIGHTS
Victoria's HealthTech sector, with over 500 companies, is a prominent force employing nearly 9,000 people. To learn more about the industry, visit our website.
LEARN MORE
Announcements
23 Feb 2024:
Expanding opportunities and jobs for MedTech startups in Victoria
04 Jul 2023:
Kali Healthcare Secures $1 Million Investment for Pregnancy Monitoring Wearable
08 Dec 2022:
Revolutionizing healthcare with the Nutromics wearable patch
[1]: Link to Article 1[2]: Link to Article 2[3]: Link to Article 3[4]: Link to Article 4[5]: Link to Article 5
- The MedTech Market Growth Program, in collaboration with the Australian Medtech Manufacturing Centre, fosters growth in medical technology, particularly among startups.
- These startups are tackling various medical-conditions, from the development of advanced robots for human development to innovative methods for managing acute renal colic and kidney stones.
- The Victorian Government's Medtech Market Growth Program offers funding of $50,000 to select startups, bridging the gap between medical product development and market penetration.
- With over 500 companies, Victoria's HealthTech sector is a significant contributor to the economy, employing nearly 9,000 people across various health-and-wellness sectors.
- Examples of successful MedTech startups in Victoria include Kali Healthcare, which secured a $1 Million investment for its pregnancy monitoring wearable, and Nutromics, revolutionizing healthcare with their wearable patch.
- Technology plays a crucial role in these startups, from the creation of advanced implants to the development of smart wearable devices like those for epilepsy medication delivery and home blood pressure monitoring.
- The future of medical technology in Victoria looks promising, with ongoing collaboration, investment, and support to drive innovation and improve health-and-wellness for all.
