Ludovic Labat
Funding

Melbourne Uni-backed medical manufacturing startup Neo-Bionica scores $5 million from Breakthrough Victoria

- May 16, 2024 2 MIN READ

Budget cuts and ongoing criticism of the state government-backed Breakthrough Victoria have not slowed its capital deployment, with $5 million invested in medtech manufacturing startup Neo-Bionica. Founded in 2021 as a joint initiative of the Bionics Institute and the University of Melbourne and based at St Vincent’s Hospital Melbourne, Neo-Bionica was developed to fill a… Read more »

Aurie smart catheter system i
Funding

Disability tech accelerator and investor Remarkable goes global, backing US catheter startup’s $9.1 million Seed round

- April 4, 2024 2 MIN READ

Australian disability tech accelerator Remarkable has backed a US med tech startup reducing urinary tract infection (UTI) risks in a US$6 million (A$9.1m) Seed raise. The round for New York medtech startup Aurie, was led by existing investor Lakehouse Ventures. Founded in 2018, Aurie has developed a reusable, no-touch, intermittent catheter system used by people… Read more »

R&D, science, man looking in microscope
Opinion

In defence of Breakthrough Victoria – and why it matters for medtech

- April 4, 2024 3 MIN READ

Victoria’s (and Australia’s) future prosperity is dependent on knowledge-intensive companies that collaborate, innovate, and commercialise successful products globally. But to survive and reach commercial success, these companies must be able to access funding at key stages of their development. Without this, they will fail. In turn, we will fail to create a self-sustaining human healthcare… Read more »

R&D, science, man looking in microscope
Funding

Victoria is offering medtech startups $500k grants for their research projects

- October 23, 2023 < 1 MIN READ

Applications for the seventh round of the Victorian Medical Research Acceleration Fund (VMRAF) are now open. It offers both grants of up to $100,000 to support early-stage research projects with a practical application, as well as later-stage grants of up to $500,000 to help researchers bring their products and practices into clinical or health care… Read more »

Navi cofounders Assoc Prof Christiane Theda and Alex Newton, with Victorian industry and innovation minister Ben Carroll.
Funding

Breakthrough Victoria backs baby-saving medtech startup Navi in $2.4 million raise

- August 3, 2023 2 MIN READ

Breakthrough Victoria has backed Navi Medical Technologies as part of a $2.4 million raise to develop a medical device for newborn babies and children. The state government investment fund was lead investor chipping in $700,000, with the federal government also backing the medtech startup with grants. Also backing the round was Medtech Actuator and Artesian VC.… Read more »

Dr Amanda Vrselja
Other

Biotech incubator CUREator tips $12 million into 19 startups tackling global health

- June 2, 2023 3 MIN READ

Biotech incubator CUREator has allocated $12 million in venture funding to 19 projects focused on a range of global health issues, ranging from treatments for lupus, motor neurone disease, brain and ovarian cancer, and inflammatory bowel disease, as part of its second cohort. Backed by the federal government’s Medical Research Future Fund (MRFF), which invested… Read more »

Funding

A Kiwi virtual reality startup, oVRcome, which treats anxiety and phobias, is looking for Australian investors

- June 2, 2023 2 MIN READ

A New Zealand entrepreneur who developed virtual reality software to treat anxiety and phobias is heading to Australia as part of a bid to source additional funding to help further enhance his product.  oVRcome founder Adam Hutchinson, from Christchurch, will pitch to investors at the Digital Health Festival in Melbourne starting June 6. Funding will… Read more »

Alex and Chris Naoumidis
Funding

Hypnotherapy medtech raises $17.8 million Series A

- March 21, 2023 2 MIN READ

A Melbourne medtech building hypnotherapy-based apps so people can self-manage a range of illnesses has raised a US$12 million (A$17.8m) in a Series A. The round for Mindset Health was led by King River Capital, supported by Andrew Forrest’s Tattarange VC health fund Tenmile, Perennial Partners, impact funds Giant Leap and Alberts, Yard Ventures, WordPress founder… Read more »

R&D, science, man looking in microscope
Funding

Medtech startups can score up to $5 million from a new incubator fund

- March 20, 2023 2 MIN READ

A new medical technology incubator program developed by the Medical Research Future Fund (MRFF) during the former Coalition government will offer up to $5 million in funding for early-stage medical research projects with commercial potential. The $50 million BioMedtech Incubator program is being backed by the MRFF and the Medical Research Commercialisation Initiative. Responsibility for… Read more »

Operation, AI, doctors
AI/Machine Learning

An artificial intelligence ethics expert says Generative AI needs more rules on risk in health and medtech to prevent disasters

- March 16, 2023 4 MIN READ

A new study published in The Lancet by artificial intelligence ethicist Dr Stefan Harrer has argued for a strong and comprehensive ethical framework around the use, design, and governance of generative AI applications in healthcare and medicine, because it has the potential to go catastrophically wrong. The peer-reviewed study details how Large Language Models (LLMs) have… Read more »

Kitea, Simon Malpas
Funding

Kiwi remote care medtech Kitea Health raises NZ$6 million for brain implant monitor

- March 9, 2023 2 MIN READ

A New Zealand medtech startup that’s developed a world’s first wireless brain monitor to remotely manage chronic illness has raised NZ$6 million (A$5.6m) to take the device to clinical trials. Kitea Health spun out of the University of Auckland Bioengineering Institute after developing the implantable long-term brain pressure sensor, which could save the healthcare system… Read more »

Jaala Pulford
People

Former Victorian innovation minister Jaala Pulford takes on chair role at MTPConnect

- February 28, 2023 2 MIN READ

Former Victorian innovation, medical research and digital economy Jaala Pulford,  has joined the board of medtech, biotech and pharma growth centre MTPConnect, replacing Sue MacLeman as chair. Pulford left politics after 16 years at the 2022 state election, and had a strong focus on medical innovation, having established mRNA Victoria and also playing a key role… Read more »