An eight-year-old health tech startup helping elderly people live safely at home has scored $2 million in funding, led by Breakthrough Victoria. Umps Health is developing sensors and AI for proactive aged care at home. Breakthrough Victoria invested alongside Intervalley Ventures, with follow-on funding from existing investors Sprint Ventures, the Cerebral Palsy Alliance, the 5Point… Read more »
This is the second edition of Giant Leap’s deep dive series, where its investment team explores the technologies and approaches addressing global problems of climate, health and people with commercial solutions (the 1st edition on the future of sustainable aviation here). In this deep dive into femtech, senior investment associate Katarina Throssell share her insights… Read more »
Life sciences accelerator MTPConnect has teamed up with health tech industry giants CSL and Roche Diagnostics to launch a new program backing startups tackling cardiovascular disease (CVD) and diabetes. The $28.5 million Targeted Translation Research Accelerator (TTRA) is backed by the federal government’s $22 billion Medical Research Future Fund and will look to back promising drugs… Read more »
The Australian Society for Medical Entrepreneurship and Innovation (ASME) is among seven organisations backed by LaunchVic as part of a $2.4 million program to create pre-accelerator programs to help aspiring founders understand startup life. ASME has partnered with MTPConnect to deliver the Australian Clinical Entrepreneur Program (AUSCEP) in Victoria. It offers clinicians the resources, mentorship… Read more »
Ahead of Startmate Demo Day on May 2 in Sydney at Blackbird’s Sunrise, Startup Daily is profiling the 10 startups involved. Today it’s Everbility, which is using AI to cut the admin for allied health workers. When Angela Mariani and Mani Batra went on their first date in 2020, their shared passion for startups had them seeing… Read more »
Health insurance company Bupa has launched a $20 million VC fund, Bupa Ventures, to back Australian healthcare startups. Bupa Ventures will support early-stage investment from  Seed to Series A and will look to support startups across a broad spectrum of health sectors. Its early focus includes predictive and preventative healthcare, genomics, home care and remote monitoring,… Read more »
Success in the health and biotech space takes time but can be hugely rewarding. However, startups in the sector often need help with significant hurdles, dealing with long development cycles, regulators, massive capital requirements and a higher chance of failure. Since the COVID-19 pandemic, a symbiotic relationship has emerged between Australian hospitals and tech innovators.… Read more »
Health tech commercialisation group ANDHealth has opened applications for its ANDHealth+ program accelerator program, seeking 5-7 digital health startup. The program also offers up to $3.75 million in equity-free funding alongside support from a network of experts to help the startups involved scale. ANDHealth+ is funded by the Medical Research Future Fund (MRFF). The program… Read more »
Melbourne healthtech startup Eyetelligence, which uses advanced artificial intelligence (AI) technology and retinal imaging to screen for eye and other diseases, has raised US$12 million (A$17.75m) from New York investor Ascertain. Eyetelligence’s AI-enabled products are already being commercialised in Australia, including by Bupa Optical and the optometry chain George & Matilda, as well as in… Read more »
Adelaide startup Splose has raised $1 million as it eyes of international expansion for its healthcare practice management platform. Launched in 2018 as a website developer specialising in the needs of Allied Health professionals, Splose quickly identified the challenges providers faced while trying to support participants and manage their obligations under the NDIS. The startup… Read more »
Victoria’s youth health and wellbeing has been a state priority for decades – but with roughly a quarter of the state’s children overweight (Australian Bureau of Statistics), there’s more that can be done. While schools, parents and government bodies have all been focused on education programs and supporting healthy lifestyle choices, we believe Victoria’s brightest… Read more »
Health tech startup Consultmed, which set out to “axe the fax” for specialist referrals, has raised $1.2 million in its first venture capital round. Sydney early-stage VC Investible led the raise, supported by healthcare professionals who use the digital healthtech’s product. Consultmed will use the funds to expand its digital platform across hospitals and healthcare… Read more »
The UK is proving to be an effective ecosystem for growth and innovation for Australian and New Zealand tech companies looking to expand internationally. The proof is three Melbourne entrepreneurs, Dennis Volodomanov, Dmitry Levin and Leon Kosher, whose idea, KISA, a simple-to-use mobile phone to meet the needs of the elderly, disabled and visually impaired… Read more »
In the second of a three-part series, I explore key areas for innovation in 2021 Digital health came of age in 2020. There really is nothing quite like a global pandemic to drive innovation and modernise Australian healthcare infrastructure. And with growing levels of comfort and an increase in the number of health tech businesses… Read more »
One of the oldest tropes in journalism is the miracle cure. Startup Daily is old enough to remember when Filipino faith healers were all the rage in the 1980s – think Penn & Teller meets House. More recently, there was US blood-testing startup Theranos, which attracted US$1.4 billion in funding before collapsing last year. Founder… Read more »
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Telstra makes $700 million bet on AI to transform its business in Accenture joint venture 
Richard White sells more than $440 million worth of WiseTech shares 
Cultivated meat startup Vow slices 25 jobs amid hunt for new funds 
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