Ignition Labs applications open until July for Health and Med Tech program

Australia’s only niche accelerator is about to ignite the medical and health start-up scene with its newly designed 2013 program.

Ignitions Labs, an accelerator for early stage niche technologies, is taking applications for its competitive, intensive business development program.

The team is looking for five health and medical technology start-ups that will make a positive impact on personal health, social health and the delivery of modern healthcare. The eligible businesses are likely to be low-cost hardware or software products and services.

The aim is to convert early stage ideas into ‘fundable’ businesses over 3 to 6 months through experienced mentors, cash investment, structured customer and business validation activities, entrepreneurial education and industry networks.

“Ignition Labs has identified the health and medical technology sector as an exciting space. Healthcare in particular is a market segment that has lagged behind other industries in implementing efficient work practices and is ripe for disruption,” said Ignition Labs co-founder Ben Wright.

According to Wright, convergence across the healthcare, life sciences, engineering, information technology and telecommunication industries, is driving a new wave of emerging health technologies.

Collective strong team credentials in health and medical technologies was a critical strategic factor for the decision to launch the 2013 Health and Medtech program.

“We have a strong background in life sciences, health and medical technologies. We’re the only business incubator in NSW to have specialised expertise and facilities in this sector, and one of the few support mechanisms for early stage life science companies and start-ups in the country.”

“Health is an area that strongly impacts lives, we’re in this to create positive health outcomes and build sustainable, successful technology businesses,” Wright said.

Applications close in July. Further criteria can be found on the Ignitions Labs website ignitionlabs.com.au

image by opensourceway