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D R B U Z Z P A L M E R , C E O
MEDTECH CONNECT
THE MEDTECH ACTUATOR
BOARD OF DIRECTORSStrong & experienced governance
• MTAC Chairman
• Clinical doctor
• Former Chairman of World
Medical Association
• Former President of
Australian Medical
Association
Dr Mukesh Haikerwal AC
• Chairman of JDRF Australia
• President of the Heart
Foundation
• Former M&A lawyer
• Fellow of AICD
• NHMRC committee member
Ms Rebecca Davies, AO
• Vice-President, Medical Alley
Association
• Chairman of Minnesota
Medical Manufacturing
• Authority on US-based
regulations and
reimbursements
• Minneapolis based
Mr Frank Jaskulke
• Chief economist & partner,
Deloitte economics
• Former Secretary of Health,
Victorian State Government
• Former Director Policy, Prime
Minster’s office
Dr Pradeep Philip
• CEO ASX-listed company
• Telstra business woman of
the year
• Founder of The Social
Science
• Strong advocate for women
in STEM
Ms Michelle Gallaher
Dr Buzz Palmer
CEO
• Co-founder of MTAC
• One of Australia’s leading & most
visible voices in Healthcare
innovation
• Serial MedTech entrepreneur
• Professor – Entrepreneurship,
Monash University
• Former clinician in orthopaedic
medicine
• Co-founder of MTAC
• Harvard educated political
economist, strategist, lawyer and
policy thought-leader
• Professor – Innovation & Public
Policy, RMIT
• Former Deputy Secretary,
Department of Health
• INSEAD trained in global
management & strategy
• Former strategic lead for
Medtronic
• Previous roles with Cooper,
Stryker & Merck
• Mentor for Harvard & MIT
entrepreneurship schools
• Former GM, executive producer and
COO for world-leading
entertainment software corporation
• MBA, INSEAD
• Former Deloitte consultant
• Former research scientist
Dr Johnny Mang CVOMs Sabeen Sheikh COODr Vishaal Kishore
Deputy CEO & CSO
EXECUTIVESPassionate & impact driven
OUR PARTNERS
An ecosystem approach – from idea to exit | More than 75 partners – and growing fast
With links from the Mayo Clinic to Samsung Medical Centre, from the Bangalore Biomedical Cluster to Minnesota’s Medical Alley , we link the world’s best ecosystems with the world’s most promising ventures. A selection of our partners is below.
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THE NEED IN APAC
Realising gains from investment and building momentum
Australia has significant MedTech related assets, activity,
skills and world-leading talent. However, fragmentation
prevents seamless, coherent action and navigation
across the ecosystem
SYSTEM GAP
In spite of significant investment into MedTech and
HealthTech innovation, impact and return on
investment has been difficult to see or realise at the
expected level of scale.
IMPACT GAP
Over 95% of all MedTech founders are first-time
entrepreneurs, which presents one of the most
significant risks to sustainable startup and ecosystem
success.
ENTREPRENEURSHIP GAP
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Highlighting the perils implied at the level of pathways within the MedTech innovation ecosystem
THE NEED IN APACRealising gains from investment and building momentum
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TECH MATURITY
INNOVATION/TRANSLATIONCONTINUUM
CONTEXT
FINANCE TYPES& AVAILABILITY
VALUE & IMPACTWHAT DOES THAT EVEN MEAN?
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Multi-National corporations Hospitals & Patients
Government Investor groups
University & Research Institutes Startups and SME’s
FOUNDATIONS & TRACK RECORD13 year history in Melbourne
OUR MODELProgram overview: from idea to impact, we have MedTech covered
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Activating the ecosystem
Australia’s premier, largest and longest-running MedTech entrepreneurship competition, supporting
emerging clinical entrepreneurs, researchers and students.
Activating the ecosystem - the challenge
MEDTECH’S GOT TALENT
- IN THE LAST 5 YEARS -
$1MRAISED WITHIN 40
DAYS OF PROGRAM
500+APPLICATIONS
$72MINVESTMENT
RAISED
12INTERNATIONAL
AWARDS
$2.25AUSTRALIAN RECORD
CROWDFUNDING
Addressing the risks that kill startups:
THE ACCELERATOR
Accelerate the ecosystem - flagship
CAPITALTECHNOLOGY TEAM
kickoffQ1 Q5Q4Q3Q2
$200kSeed Round
$750kAngel Round
$2MSeries A Round
Relentless collaboration and engagement with local industry partners
2-month intensive
4-month tailored intensive
9-month tailored mentoring and strategy
ongoing mentoring…
$10M+Series B, IPO or
trade sales
roadshowroadshow
- THE ACCELERATOR JOURNEY –AN INTENSIVE AND RAPID PATHWAY FROM SEED TO SERIES A
THE ACCELERATOR
Accelerate the ecosystem - flagship
ADVISORY
Advising on possibilities and pathways to accelerate progress
Our advisory model allows for targeted, tailored consulting across every moment of the commercialisation and innovation pathway – targeted to help specific ventures
rapidly develop, stress-test their strategies and products and generate real commercial outcomes
We catalyse the ecosystem through expert consulting
• White/thought papers
• Strategic market positioning
• IMs and capital raising strategy
• Grant & proposal writing
• Business review and analysis
• "SWAT Team” executive roles
• Technology due diligence
• Commercialisation planning
THE S INGAPORE MODEL
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Demand & delivery
PROGRAM IMPACT
Since launching in January 2018: the MedTech Actuator has achieved unprecedented success and impact in Australia
across its three core streams of activity.
• Now in its 5th year
• $70M+ raised
• $1M in 40 days of program
• 500 applications
• 50% female founders
• 10 products on market
• In 2019, we go global
• Launched Jan 2018
• 15-month program
• 75 partners
• 36 portfolio startups
• $22M committed
• Class I, II & III
• 4-startups primed for exit
• Dedicated $50M seed fund
• $4M seed investment
• Angel platform launch
• $700k raised in pilot for startup
• $5M raised through network
• $100+M Series A in 2019/20
FUNDINGACCELERATORMTGT
FUTURE GROWTHScaling activity out into APAC
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REFLECTIONS ON THE
FUTURE OF HEALTH
C O N F I D E N T I A L
REFLECTIONS ON THE FUTURE OF HEALTH
MEDTRONIC RTG GROUP
A COMPLICATED PREDICAMENT
A GLUT IN THE INNOVATION MARKET
THE GEOPOLITICS
OF EXTREMITIES
PERSONALISED AND HYPERCONNECTED
THE RISE OF HEALTHCARE CYBERNETICS
OF SYSTEMS…AND WOLVES
TOGETHER OR NOT AT ALL
THE WAY FORWARDBeyond the hype…and on the other side of the slogans
LESSONS FOR THE FUTURE OF HEALTHCARE
1. Seek quality in a crowded innovation market
2. Leverage different settings to drive alternative innovation approaches and focii
3. Appreciate the consumerisation of everything health
4. Recognise that “human” and “tech” are two sides of the cybernetic future of healthcare
5. Watch out for wolves…or become one
6. Collaborate…or fade away