Melbourne, Australia, April 29, 2015 --(PR.com
)-- The elimination round of MedTech's Got Talent (MTGT), held on 16 April in Melbourne, gave the top 30 applicant teams one minute each to pitch their business or product concept to a panel of seasoned product development experts. These experts selected teams to mentor through to The Finals, to be held on 21 May at the Crown Melbourne, advancing 17 semifinalist teams into a series of training and support. Innovative products and cutting-edge design were a hallmark in the teams that advanced.
MedTech’s Got Talent is a unique program – part pitch competition, part accelerator – offering critical resources, skills development and seed funding to high-potential early-stage medical technology start-ups. The program’s intense timelines provide a ‘fast and soft fail’ approach to rapidly get projects ready and able to attract seed investment.
The semifinalist teams include projects like a hospital communications platform to reduce errors, a hygienic tourniquet, a needle-free blood analyser, a pregnancy health wearable, a smart IV drug delivery system to reduce infection in immunocompromised patients, a falls detection platform for aged care, a falls prevention walking frame, a digital pathology platform, an insulin prediction algorithm for better diabetes management, an anaemia screening tool, and so much more.
“The enthusiasm and passion demonstrated by all of the teams competing at the Rapid Fire Round was infectious. It only gets harder as the bar gets set higher at each elimination – good projects won’t always make the cut. That is a testament to the world-class innovation bubbling up right here in Victoria, and the need for more programs like MedTech’s Got Talent to support and enable entrepreneurs,” said Dr Laura Faulconer, COO of STC.
MedTech’s Got Talent 2015 is only possible thanks to generous support by the Victorian Government and sponsors: Johnson & Johnson Medical, Grey Innovation, Monash University, MiniFAB, Medtronic Australia, Second Nature, Leadership Management Australia, Frost & Sullivan, Pitcher Partners, Phillips Ormonde Fitzpatrick, Hydrix, Device Technologies, Global Data, CSIRO, Planet Innovation, Outerspace Design, Capstone Partners, Cogent, Cochlear, Tricycle Developments, York Butter Factory, Ernst & Young, Avino Media, The Social Science and BioMelbourne Network.
STC promotes commercialisation and entrepreneurship around next-generation innovations with programs that grow new businesses. STC seeds and catalyses new industry opportunities, provides the infrastructure to accelerate commercialization and links SMEs with key stakeholders across industry, government and academia necessary to nurture cross-fertilisation of innovation. For more information on STC programs, please visit www.stcaustralia.org.