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Researchers and clinicians with startup concepts within the medtech and biotech area can apply for a brand new startup accelerator that’s writing cheques price as much as $5 million to carry their concepts to market
CUREator+ is a brand new $50 million incubator program by Brandon BioCatalyst and ANDHealth, backed by the federal authorities’s Medical Analysis Future Fund (MRFF) to nurture startup with business potential.
It is going to present startups in this system with entry to as much as $5 million in non-dilutive funding, in tranches as they meet agreed milestones. Expressions of curiosity are actually open right here.
Dr Chris Nave, CEO of Brandon BioCatalyst, mentioned CUREator+ unlocks the untapped potential of corporations by enhanced translation and commercialisation functionality constructing.
“CUREator+ will bridge the funding and functionality gaps skilled by promising Australian drug, system, diagnostic, and digital well being improvements. Linking bigger quantities of non-dilutive funding to the attainment of business milestones de-risks the businesses making them extra engaging for additional funding and potential partnerships,” he mentioned.
Along with the capital, profitable CUREator + candidates can have entry to analysis groups, business capability-building teaching, IP growth, skilled governance, administration, and operational finance help.
“The experience and entry to networks offered by CUREator + will show, within the long-term, to be as priceless because the non-dilutive funding offered,” Dr Nave mentioned.
“The incubator gives corporations with the instruments, recommendation and incentives for them to thrive, entice capital and change into commercially profitable.”
ANDHealth CEO Bronwyn Le Grice mentioned the SMEs they work with cite entry to native capital and sector experience as among the many greatest challenges they face.
“CUREator + funding will help corporations that may ‘develop regionally and scale globally’, offering help and particular recommendation to commercialise applied sciences that may handle main world well being challenges and repair world affected person populations, while remaining headquartered right here at dwelling,” she mentioned.
“CUREator+ will ship important financial advantages to Australia by supercharging our innovation capabilities and offering recommendation to assist corporations immediately handle the commercialisation roadblocks they’re going through. The affect of supporting extra corporations to bridge the viability hole between ideation and commercialisation is vital for Australia’s economic system and can result in the creation of extremely expert and specialised, deep know-how jobs that may assist help future financial progress,” says Le Grice.
Functions for CUREator+ are actually open. There’s extra about this system and expression of curiosity course of right here.
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