Well being tech commercialisation group ANDHealth has opened purposes for its ANDHealth+ program accelerator program, looking for 5-7 digital well being startup.
This system additionally gives as much as $3.75 million in equity-free funding alongside help from a community of specialists to assist the startups concerned scale.
ANDHealth+ is funded by the Medical Analysis Future Fund (MRFF).
This system gives trade mentoring and help, in addition to equity-free challenge funding throughout a two-stage funding course of. Profitable candidates are supported by a devoted challenge help group and a panel of senior executives with demonstrated expertise in trade areas related to digital well being commercialisation and market entry.
CEO Bronwyn Le Grice stated this system has been “a game-changer” for firms concerned beforehand.
“As of March this 12 months, our first two ANDHealth+ cohorts funded by the MRFF have already raised over $17 million in funding and reached over 200,000 new sufferers, participating over 500 new business prospects in somewhat over a 12 months,” she stated.
“For the reason that pilot began in 2018, firms have raised a large $144 million in new funding and generated revenues in extra of $48 million, while reaching over 500,000 new sufferers and supporting the Australian economic system.
“If innovators have a proof-of-concept digital well being expertise which is concentrated on considerably altering scientific paradigms and enhancing affected person outcomes, ANDHealth+ gives a singular alternative to entry international trade leaders, funding and help which may speed up commercialisation and market entry, and units firms up for vital success in capital elevating and buyer attraction.”
Software particulars can be found at andhealth.com.au/our-programs/plus and shut in mid-June.