Now in its fifth and largest year, applications to the MTGT 2018 Challenge are open!

Melbourne, Australia – 8 August 2018: The Actuator announced the opening of applications for the 2018 National MedTech’s Got Talent Program. The program focuses on identifying and refining high-potential MedTech concepts from aspiring next generation early stage entrepreneurs and innovators associated with Australia’s world-class universities, hospitals and research institutes.

Entrepreneurs will receive support to develop an investable startup 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.

Dr. Buzz Palmer, the founder and CEO of the Actuator, emphasises the importance of MedTech’s Got Talent competition in stimulating an entrepreneurial culture within the Australian MedTech community. Dr. Palmer states:

“The reason why we have been running MedTech’s Got Talent competition for the past five years is to support startups, researchers, health care 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.”

Victoria’s minister for Innovation and the Digital Economy, Philip Dalidakis highlights 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 leading 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 startups and help them achieve their full potential through the Medtech Actuator.”
Applications for the 2018 National round are now open and will close on the 27th of September. Applications submitted before the 7th of September will receive in-depth feedback* to greatly increase the chances of advancing to the Rapid Fire Round.

Selection Process:
● The first round of the selection process consists of choosing the best 40 applications to advance to the Rapid Fire Round.
● Online pre-Rapid Fire Round Workshops will be held on that will consist of an IP Webinar (8th of October) and assist applicants on how to best pitch their idea in the Rapid Fire Round (11th of October).
● The top applicants are invited to pitch at the Rapid Fire Round either in Melbourne on the 1st of November or in Sydney on the 8th of November. Up to 15 teams will then advance to the Gala Finals
● MedTech Bootcamp (12th – 15th of November 2018) teams will undergo online and in-person training by industry experts to refine their pitch and strategy.
● The Finals (29th November 2018) is a gala pitch dinner held in Melbourne where five finalists receive up to $10,000 each and a place in the Accelerated Technology Roadmapping phase.
● The Pre-Accelerator Program (December 2018 – February 2019) consists of an intense 1-week national sprint to get startups prepared to pitch for equity investment, mentoring, as well as a number of online modules to complete.
● The entire program culminates in an Investor Deal Pitch (1st of March 2019) where the five finalists pitch to The Actuator Panel, with the most investible team receiving an additional $30,000 in prize money, a place in The Actuator Accelerator, and access to up to $200,000 seed equity investment.

For full program details, eligibility and to apply, visit www.medtechchallenge.com. MedTech’s Got Talent does not take equity or ownership in its portfolio.

The 2018 National MedTech’s Got Talent Program would not be possible without the generous support from MTPConnect, the Federal Government, STC Australia, the Victorian State Government, Artesian, EY, Johnson & Johnson, Medtronic, Cook Medical, Baker, Burnet Institute, Macquarie University, Swinburne University and The University of Melbourne.

*Conditions Apply:
Must be an applicant from a partner institute to have access to the pre-submission review.
Can only obtain one pre-submission review per application.

Summary of the Actuator:

An Australian independent not-for-profit organisation with headquarters based in Melbourne. The Actuator is Australia’s premier and national medical technology commercialisation initiative: priming, augmenting and developing our innovation ecosystems through a nationally-focused strategy. The Actuator employs a unique, powerful and dynamic approach that:
1) is industry-led;
2) activates players across the entire innovation spectrum;
3) augments local ecosystems; and
4) fosters an unwavering technology commercialisation focus.

Wherever an idea or venture is on the commercialisation pathway, the Actuator has a program designed to smooth its journey and accelerate its development, with a mission to catapult Australia into its rightful place as an epicentre of healthcare innovation.

MEDIA CONTACT:

Joelle Hawa

+61 4 3591 2876
joelle@medtechactuator.com