Australian Health Accelerator
The Sunshine Coast’s first medtech, health and wellbeing accelerator program
Frequently Asked Questions
You must be 110% committed and attend at least 75% of the Tuesday workshop sessions to be part of the program. You will also be expected to complete fortnightly progress reports and meet certain milestones, which we will work with you to set at the beginning of the program. You may also be asked to take part in media interviews, blogs and promotional videos as part of the AHx program.
- Each fortnight (on a Tuesday) we’ll run a range of activities tailored to your needs (both team and product development) and you’ll be introduced to experts who can help you develop and accelerate your business.
- There will be fortnightly briefings, check-ins, mentoring sessions, networking opportunities and through our growing list of partners you will have access to a range of facilities and expertise that you would normally find difficult and/or expensive to access.
- We’ll provide inspiring health innovators and case studies to help scale your business.
- In the final weeks of the program you will work to refine your pitch in preparation for DemoDay, meeting our investor network and raising your profile in the marketplace.
We’ll select ten highly ambitious founders (and their teams) to be in the program. Your group will be made up of passionate health, wellbeing and medtech entrepreneurs just like you. We believe that being part of a cohort of ambitious founders is really important for collaboration, sharing advice and keeping you motivated through the program journey and beyond.
No, but having a team helps! The AHx is open to sole founders, startup teams and small businesses with a new innovation, however preference is generally given to those with a talented team to help share the journey. There’s a lot to get done in 16 weeks, so having a team or a co-founder can be really handy. If you are a sole founder, we need to know that you will be able to keep up.
No we don’t. Thanks to the generosity of our sponsors, partners and mentors, everything you learn and every connection you make as an AHx business is yours to keep and we don’t take anything in return.
The majority of the program is funded by the Australian Government under its Entrepreneurs’ Programme (with some funding from the IC, SCHI and #SCRIPT).
No but as an entrepreneur you must demonstrate the 3 Cs – creativity, collaboration, and commitment. We will work with you to put together an action plan for your business, with clear milestones. We will help you clarify your vision and give you access to an extensive network of industry experts, so that you have the information you need to create the business that you want.
The Innovation Centre CEO Mark Paddenburg will manage the overall program with Anton Sanker from SCHI, and expert program manager Tamara Mills.
No but you do need to have an advanced prototype or already be testing your product on the market. Preference will be given to those who are product ready and are already experiencing sales traction in their chosen market. We’ll work with you to take your business to the next level.
We want to hear your story, what you have achieved so far and what you want to do next. To ace your application, be honest, be open and tell us what makes your business great. We have reviewed hundreds of startup businesses, from people with just an idea to people trading internationally, so we will be able to identify businesses with something special, whatever stage you are at.
Applications will be kept completely confidential and you do not need to reveal your secret sauce. Everyone selected for the program will need to sign a code of conduct which respects your innovation and confidentiality. We encourage genuine collaboration and accelerating your business in a safe, collegiate environment and we’ll manage any conflicts of interest that may arise.
Shortlisted startups will be notified by phone or email in mid August 2018.
Demo Day is an opportunity for you to showcase your business to potential investors, media, industry VIPs and the community. Participation is optional but it’s a great opportunity to show everyone what you have achieved during the program. It is also when you will be presented with your Graduation Certificate.
There is a $1200 registration fee for successful applicants.
NO but shortlisted applicants will be asked to submit one in early August 2018. We aren’t looking for fancy production. We want to see who you are, what you’re passionate about and the problem you want to solve. You can film yourself using your smartphone or ask a friend to help you. Don’t forget to make sure your cool MVP or product / service idea is in there too!
We are looking for applicants that know how to put together a basic budget. You can send us information about your sales so far, your product costings or your forecasted sales to help us decide if you’re suitable for AHx. If you have never done this before, don’t worry! We will teach you how to price your product, forecast accurately and put together your financials for investment, if you need to.
Yes. You will have the chance to raise early stage funding through our networks (ie. SunCoast & Brisbane Angels) and by pitching your business to investors at our Demo Day at the end of the program.