The most innovative MedTech, Health and Wellbeing entrepreneurs on the Sunshine Coast have been recognised for their forward thinking approach, ahead of the 2019/2020 Australian Health Accelerator (AHx) program.

On 7 November, a cohort of 12 short-listed ventures began the six-month intensive, hands-on learning journey, where they will validate ideas, do product testing and connect with new customers and investors. And with some of the most exciting health-related research and clinical innovations in the world coming out of Australia, this represents tremendous growth potential for local business here on the Sunshine Coast.

Now entering its second year, AHx is built upon the foundation of the Massachusetts Institute of Technology (MIT) disciplined entrepreneurship framework and is run by the Innovation Centre Sunshine Coast (ICSC) in partnership with the Sunshine Coast Health Institute (SCHI) and ImpactXHealth.

The Sunshine Coast was originally identified as the ideal location for AHx because of the Innovation Centre’s capability as Australia’s most successful regional business accelerator, the $5 billion investment into the Sunshine Coast Health Precinct, USC capability, as well as many other competitive advantages.

Innovation Centre Sunshine Coast Chief Executive Officer, Mark Paddenburg is looking forward to working with the 12 AHx scaleup companies, with products ranging from a medical device that improves airway management, to better first aid training, to headsets that improve the way their brain functions.

“The healthcare industry is undergoing massive change and our local innovators will be the catalyst for positive impact, saving lives and vastly improving patient wellbeing,” Mr Paddenburg said.

“Healthcare organisations across the globe face unprecedented challenges – all of which means innovation is in strong focus. Under our present system, just doing our best or working harder will not be enough.”

AHx Program Director and Managing Director of ImpactXHealth, Tamara Mills said, “I’m excited to be leading the AHx program – Australia produces some of the world’s best medical research but often lags behind other countries in translating this into better patient outcomes and commercially viable ideas.”

After a successful launch of the program last year, AHx has already proven to be a catalyst for commercialising new and innovative health-related products and services.

And this year’s cohort of entrepreneurs will only build on that reputation by having unprecedented access to expert mentors, new knowledge, valuable networks and state-of-the-art facilities at the Sunshine Coast Health Institute – the training, education and research facility which is located alongside the Sunshine Coast University Hospital in Birtinya.

Sunshine Coast Health Institute Director, Anton Sanker, said the accelerator program would also help drive a culture of innovation at the Institute, while providing essential capacity building for health-related entrepreneurs in one of the newest and most advanced hospitals in the world.

AHx is proudly supported by the Australian Government Department of Industry, Innovation and Science through Incubator Support Initiative funding as part of the Entrepreneurs’ Program and also #SCRIPT.

 

AHx 2019 successful applicants include:

1. Cogniant

2. CortexEEG

3. Data Literate by Design

4. Dr Posture

5. First Aid VR

6. Genesis Airway Innovations

7. Health Rocket

8. Hearoes

9. Lose your mind

10. NERO Resources

11. Radiation Analytics

12. 360 Wellbeing