Now in its fifth year, MedTech’s Got Talent, an initiative of the Actuator, is on the search to identify and refine high-potential MedTech concepts from aspiring next-generation early stage entrepreneurs and innovators associated with Australia’s world-class universities, hospitals and research institutes.
Successful applicants will receive support to develop an investable start-up pitch, developing a go-to-market strategy, and initiating commercial activities. Participants will vie for over $80,000 in cash prizes plus critical support, such as mentoring from Australia’s leading commercialisation and technology experts.
Founder and CEO of the Actuator, Dr Buzz Palmer, is keen to emphasise the importance of the MedTech’s Got Talent competition in stimulating an entrepreneurial culture within the Australian MedTech community.
“The reason why we have been running the MedTech’s Got Talent competition for the past five years is to support start-ups, researchers, healthcare professionals or anyone who has an interest in MedTech to share their ideas, take risks and embrace failure. It is only through this entrepreneurial mindset that our innovation ecosystem grows, and great MedTech ideas become a reality,” Dr Palmer said.
Victoria’s Minister for Innovation and the Digital Economy, Philip Dalidakis, believes its important to highlight the role of the Actuator in enabling the commercialisation of new MedTech ventures.
“We’re one of the world’s largest life science clusters and possess world leader research and advanced manufacturing capabilities. Victoria’s potential to create innovative healthcare solutions is among the world’s best and the Victorian Government is proud to support local start-ups and help them achieve their full potential through the MedTech Actuator,” Mr Dalidakis said.
Applications for the 2018 National round close on the 27th of September. For full program details, eligibility and to apply, visit www.medtechchallenge.com.