Victoria is home to one of the world's largest biotechnology clusters, from global companies like CSL and GlaxoSmithCline to homegrown tech unicorns PolyNovo, Mesoblast and Clinuvel.
Accelerating the growth of Victoria’s HealthTech startups 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-over performing healthcare sector (+9.7% growth). (Source: Dealroom Jobs Report)
In 2018, LaunchVic’s eighth funding grant round focused on leveraging Victoria’s key strengths in the health startup sector - including in medtech, biotech, pharma, health & ageing services and disability services.
In 2021 we have continued to support the sector, having recently added another angel to the growing network of investor groups we support in Victoria.
HealthTech AcceleratorMedTech Actuator
The Melbourne-based MedTech Actuator – with offices in Melbourne and Singapore – is a seed-to-Series A accelerator for MedTech, HealthTech and BioTech startups. Through intensive mentorship, industry collaboration, and capital raising support, you can achieve in 15 months what can typically take 3 years or more.
FundingNew Angel Group Lands to Help Victorian HealthTech Startups
Australian Medical Angels received $300K to activate up to $2 million in private sector capital into 10 HealthTech startups and will set up a dedicated Victorian Branch.
Victoria's HealthTech Sector
HealthTech is Victoria’s largest startup sector, with one in five startups focused on health and is also a major driver of startup jobs.
18% of Vic startups focus on HealthTech
Ranked in the Top 10% of Life Science markets globally
Home to 70% of Life Science deals in Oceania.
1.1K Jobs Created (2019-2021)