Victoria’s medical technology entrepreneurs have a new platform to showcase their ideas and skills with the launch of the MedTech’s Got Talent $100,000 challenge by incubator STC.
The challenge aims to develop and refine pitching and business concept skills, developing a technology roadmap and launching commercialisation activities for enabling medical technology innovations.
“The objective is to develop a more entrepreneurial culture and to grow Victoria’s medical technology cluster,” STC says in a statement.
According to the Medical Technology Association of Australia’s 2012 facts and figures booklet, the medical technology industry in Australia generated revenues of $10.02 billion in 2010-11. It also says a 2012 survey found 54% of medical technology companies grew from start-ups.
Entrepreneurs can enter MedTech’s Got Talent by submitting an executive summary of their idea by October 22.
The top 30 entrants are selected to take part in a “rapid fire” round where 16 semi-finalists are selected to be mentored intensively through a one-month training program.
They will then go to the final pitching event where five category winners will be announced. The winners will each receive a $20,000 voucher for intensive three-month accelerated technology road-mapping with their mentors, plus service prizes from technology sponsors.
The five teams will then pitch to investors in a closed-door event.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.