MedTech’s Got Talent: Supporting Emerging Entrepreneurs in Australia

Deadline: 27 September 2018

Applicants are invited to apply for MedTech’s Got Talent which is Australia’s largest medical device accelerator program.

The program is a unique entrepreneurship challenge supporting emerging entrepreneurs to develop and refine skills in pitching a business concept, developing a technology roadmap and launching commercialisation activities for their medical technology innovations.

There is no charge to participate, and participants tap into real resources (money, expertise, network) to ideally position themselves for start-up success.

Requirements

  • Teams remaining after the Rapid Fire Round are strongly encouraged to participate fully in the workshops and mentoring ahead of the the Gala Dinner. Those who participate fully are much better positioned to win at the Finals.
  • As a condition of funding, the five winners are required to participate fully in the Accelerated Technology Roadmapping phase. This means a significant portion of time should be spent working on developing a technology roadmap, which entails participation in workshops and working closely with your mentors.

Award Information

  • Award money can only be awarded to an ABN, not a person, and must be used to further develop the product/concept that was pitched (or a reasonable pivot from this).
  • There are guidelines to which the $10,000 must be spent with $5,000 going toward prototype or product development and $5,000 going towards salaries, financial services, legal advice, travel to participate in MedTech’s Got Talent organised functions and other administrative tasks. These guidelines can be deviated from in specific circumstances but pre-authorisation must be obtained.
  • For the $30,000 Grand Prize award, there are no parameters aside from it being applied toward commercialisation of the product/concept that was pitched (or a reasonable pivot from this).

Eligibility Criteria

  • All entrepreneurs across Australia can apply for the 2018 Challenge.
  • Business concepts should focus on sustainability of the business, products and services to be offered, and innovation in the business model. Not-for-profit applicants are strongly advised to speak with Actuator staff before submitting their application.

How to Apply

Applications must be submitted online via given website.

For more information, please visit MedTech’s Got Talent.

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