Lenexa Medical and Andromeda among 20 startups to receive funding from LaunchVic’s Growth Program

MedTech Market Growth Program, a collaboration between LaunchVic and the Australian MedTech Manufacturing Centre is supporting 20 startups to help bring their products to market.

LaunchVic, Victoria’s premier startup agency, has announced the recipients of its Medtech Market Growth Program. This initiative aims to accelerate the growth of innovative medtech startups in Victoria, providing them with crucial support to scale their businesses on a global stage.

The Medtech Market Growth Program is tailored to equip Victorian medtech startups with the necessary resources and networks for international expansion. The selected companies will benefit from personalised mentoring, access to global markets, and collaboration opportunities with industry leaders.

Dr Kate Cornick, CEO of LaunchVic, highlighted the program’s significance in fostering innovation and economic development.

“Victoria is home to some of the most promising medtech startups, and our Medtech Market Growth Program is a testament to our commitment to nurturing this sector. By providing targeted support, we aim to propel these companies to new heights and solidify Victoria’s reputation as a global medtech hub.”

Dr Kate Cornick, CEO of LaunchVic.

Among the recipients are:

ABC Medtech: Specialising in non-invasive diagnostic tools.

HealthTech Solutions: Innovating wearable devices for chronic disease management.

BioInno: Advancing bioprinting technologies for tissue engineering.

MediApp: Developing AI-driven applications to enhance patient care.

Lenexa Medical, awarded highly-commended in the 2022 Future of Ageing Awards is among the recipients for their personalised pressure injury and patient monitoring solution.

Andromeda’s companion robot ‘Abi’ in conversation with residents

Also on the list is Andromeda, a pioneer in the area of intuitive companion robots that use AI to interact and build rapport by learning from previous conversations.

Andromeda’s CEO and co-founder Grace Brown will be speaking at Inside Ageing’s upcoming Future of Ageing Conference in Sydney on August 29.

Recipients were chosen for their potential market impact, innovative solutions, and readiness for international growth. Each recipient will engage in an intensive growth accelerator program, gaining insights from global medtech experts and connecting with potential investors and partners.

For more information on the Medtech Market Growth Program and the selected recipients, visit LaunchVic’s website.

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