Posted: 26 February 2025
Closes: 4 April 2025
ANDHealth ACTIVATE, supported by LaunchVic, is a purpose-built accelerator program for Victorian digital & digitally enabled medical technology companies that are poised for significant growth.
ACTIVATE has supported 30 companies with access to over 170 hours of mentoring, insights from over 230 industry experts and over 470 hours of program activity. These companies have so far generated $8.7M in revenue, raised $11.4M in dilutive and non-dilutive capital, impacted 162,000+ patients and created 49 new jobs (FTE).
ACTIVATE combines critical elements of our highly regarded Masterclass and ANDHealth+ programs into a six-month accelerator-style program, providing leading content, hands on coaching, deep domain expertise and supported implementation.
Targeted to companies that bring together the enabling capabilities of technology and deep health and medical research to create novel digital or digitally enabled medical technologies, products or services, ACTIVATE is suitable for companies which have reached MVP and can demonstrate early engagement with users and customers.
Throughout the six-month program, companies receive tailored support and mentorship designed to result in a robust business and investment case which will enable companies to successfully navigate the due diligence processes of professional investors and enterprise customers. The program delivers world-class content with hands on coaching and support to allow companies to implement their learnings into their business on a real-time basis.
Cohort companies will also benefit from access to a national Executive in Residence with a proven track record in developing, commercialising, scaling and exiting a digital health business, as well as facilitated access to ANDHealth’s global network of industry leaders and preferred suppliers.
The six-month program comprises:
✓ Six modules of expert content aligning to key building blocks of a strategic commercialisation, business and capital plan.
✓ Supported knowledge implementation phases, which will include practical exercises and self-completion tasks designed to help participants put their learnings into practice.
✓ Mentoring and actionable feedback: 1-1 and small group feedback from executives in residence, national sector experts and international industry leaders to support continuous growth and improvement.
The six modules of expert content include:
• Module 1 Get your Foundations Right: Problem, Product & People
• Module 2 Users & Usability: Defining Your Product Development Roadmap & Milestones
• Module 3 Safety, Efficacy & Trust: Managing Regulation, Compliance & Risk
• Module 4 How & Where to Grow: Know your Markets Before you Go to Market
• Module 5 Will Your Customers Pay and Why? The Art of the Business Model
• Module 6 Money Money Money: What does it really take to raise capital? Are you Ready?
