Learn more about Victoria’s $123 billion startup sector.
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Connect with a wide range of LaunchVic programs fuelling the startup state.
Discover grant opportunities to grow startup activity in Victoria.
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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 HealthTech 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.
HealthTech 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.
MedTech provides all the equipment, tools, and devices which are employed to diagnose and treat a patient.
HealthTech is Victoria’s joint-largest startup subsector, with over 500 companies active in the state employing just over 9,000 people.
LaunchVic funds a range of business development programs including pre-accelerators and accelerators to help MedTech & HealthTech startups establish in Victoria. We also provide support to investors looking to establish angel networks and VC funds in the state.
VC Funds
Australian Medical Angels
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Synthesis Capital Management
Programs
CICA Lab
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ASME Clinical Entrepreneurs Program
ANDHealth
MedTech Actuator Origin
Angel Groups
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Medtech 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.
After completing an entrepreneurship development program HealthTech & MedTech 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.
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.
Read about some of the Victorian agtech startups supported by our work.
MedTech Market Growth Program Recipients Unveiled
Backing more of our medtech innovators
Growth Opportunity And New Jobs For Victorian Medtechs
