Healthcare technology is Victoria’s joint-largest startup subsector, with over 500 companies active in the state employing just over 9,000 people.
Help & Support For Healthcare Startups In Victoria
Healthcare technology (MedTech & HealthTech) is one of Victoria’s largest startup subsectors, with close to 1 in 5 startups working in this space.
Victoria is home to one of the world’s largest biotechnology clusters, from global companies like CSL and GlaxoSmithKline to homegrown tech unicorns PolyNovo, Mesoblast, Clinuvel, and Telix Pharmaceuticals.
Accelerating the growth of Victoria’s health-focused startups through various entrepreneurship development programs will generate a range of economic and health benefits, including increased export revenue, employment growth, more efficient health services, and better patient outcomes.
Healthcare technology companies have created 1.1k jobs in the last two years, adding new jobs 55% faster than the already-overperforming healthcare sector (+9.7% growth). (Source: Dealroom Jobs Report, 2021)
LaunchVic continues to support the growth of this sector through a range of funding and investments, including seed funding for promising startups and accelerators designed to boost their potential.
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Healthcare technology Insights
550+
medtech and healthtech startups created in Victoria$XXXm
invested into Victorian healthcare startups since 201020,000
jobs created globallyTBD
lorem ipsumMedTech & HealthTech Startup Programs For Founders & Entrepreneurs
LaunchVic funds a range of business development programs including pre-accelerators and accelerators to help MedTech & HealthTech startups establish in Victoria.
Healthcare technology founders and entrepreneurs can access pre-accelerator programs like CICA Labs to test and validate their business ideas, as well as accelerator programs like the MedTech Actuator incubator and ANDHealth. These entrepreneurship development programs are tailored to enhance startup growth and facilitate access to seed funding.
We also provide support to investors looking to establish angel networks and VC funds in the state.
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Investment for MedTech & HealthTech Founders & Entrepreneurs
After completing an entrepreneurship development program MedTech & HealthTech companies can access seed funding from angel networks like Australian Medical Angels and connect with VC firms like Synthesis Capital, fostering a vibrant ecosystem for innovation.
MedTech Startup Grant Recipients
The Medtech Market Growth Program grants provided matched funding working capital to assist medtech startups to develop their go-to-market value proposition, helping to bridge the gap between the development of products and getting them into hospitals and healthcare services.
Case Studies
Read about some of the Victorian healthcare startups supported by our work.
