ANDHealth, Australia’s leading digital health commercialisation organisation, has successfully secured $1.4M in funding from LaunchVic to establish a novel accelerator program for high-growth potential digital health startups.

The ANDHealth Activate program, backed exclusively by LaunchVic, will provide a nine-month curriculum-based program to support Victorian digital health companies to become investment and enterprise-customer-ready.

The program will be run out of the Victorian Connected Health Innovation and Commercialisation Centre (CHICC) in Melbourne, which ANDHealth received $2.4M from the Victorian Government in September to establish. ANDHealth Activate and other programs run out of CHICC will see ANDHealth support over 600 participants, create 100 new jobs, initiate more than 50 new clinical studies, and give over 400,000 patients access to emerging health technologies over the next five years.

ANDHealth CEO and Managing Director, Bronwyn Le Grice, welcomed the investment, “The combined $3.8M investment by LaunchVic and the Victorian Government’s Australian Medtech Manufacturing Centre and Biotechnology Fund is one of the most significant investments into the commercialisation of Victoria’s digital health sector to date.

“We are excited to be able to offer the ANDHealth Activate program, which will support high-growth digital health companies to navigate the complex commercialisation pathway in evidence-based digital health. Participants will benefit from a dedicated training and co-working facility, and access to the expertise of national and international executives in residence.”

Jaala Pulford MP Minister for Innovation, Medical Research and the Digital Economy said, “The Victorian Government is committed to supporting world-class health and medical research, development, and commercialisation, as well as driving growth across our digital economy.

“This investment into a program specifically targeting digital medical technologies represents a significant step forward in creating a digital health industry that combines the best of our health and medical research sector with the capabilities of our digital economy.”

LaunchVic CEO Dr Kate Cornick said with more than 2,600 startups calling Victoria home, the need for tailored support, mentorship and networking opportunities is greater than ever.

“By backing programs like ANDHealth with a proven track record of helping founders, we will ensure LaunchVic supports our rapidly growing ecosystem.”

ANDHealth has an emphasis on supporting Australian digital health companies to build an evidence base for their technologies. This ensures startups can more easily navigate the regulatory and commercial pathways of the emerging sector, and also supports them to access institutional investment and enterprise customers to drive growth of their businesses. ANDHealth Activate will place Victorian digital health companies in a strong position to navigate these hurdles, driving new jobs, capital, and patient impact for the sector.

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