3D-printed human body parts with lifelike bone, skin and muscle densities are being developed in South Australia as teaching aids for surgical training.
Hostplus Super, an industry super fund for the hospitality sector, has invested $27.5 million into Oxford Nanopore Technologies, joining investors including Singapore’s and China Construction Bank International in the £100M ($182 million) round.
Startups in the wide-ranging Australian healthtech sector have raised more than a combined $165 million in funding, while biotech sits at $87.8 million.
Between bone repair glue and gene splicing, there is a diverse range of startups working to improve our health or innovate the way the sector operates.
Trimph is a biomedical startup working to commercialise a range of medical technologies using their patented polymer platform.
The government has launched the Biomedical Translation Fund, a $500 million fund that will help commercialise biomedical discoveries.
After receiving a $1 million grant through the Federal Government’s Accelerating Commercialisation program earlier this year, biotech company Clarity Pharmaceuticals has announced it has raised a further $2 million in funding to help further develop its technology.
Clinical Genomics, a biotechnology company working across the United States and Australia, has closed a US$15 million ($19.7 million) round led by Sydney-based VC firm OneVentures.