02 April 2020
Pictured: MTPConnect Director Stakeholder Engagement WA Dr Kate Brooks with 2019 Medtech & Pharma Award winner Tournicare CEO Niels van Sparrentak in Melbourne.
The 2020 Australian Technology Competition opens today, calling for scaleups with great global potential to showcase technology that solves the challenges of our times – health, supply chains, food security, climate change, emergencies and more.
MTPConnect is once again delighted to support this national competition and late stage accelerator that celebrates the achievements of Australian start-ups and small companies in all areas of innovation.
Are you eligible?
According to Competition criteria, you must be an Australian-based SME company with less than 100 employees. In addition, you must own or have the commercial rights to the intellectual property for the key technology in an eligible industry sector.
Tournicare CEO Niels van Sparrentak took home the award for its ‘home Blood Pressure monitor’, and credited this opportunity to attracting major investment from local and international companies.
“Since then, we have secured a strategic US investor, completed a data collection clinical trial and have received interest from several large distributors,” Mr van Sparrentak added.
“We have partnered with Planet Innovation as our product developer, which is fantastic, firstly to develop our Beta prototype, and then the plan is to manufacture at their manufacturing plant in Box Hill in Victoria.”
Navi Technologies recently received funding from the Australian Government Department of Industry, Science, Energy and Resources (DISER) through the Accelerating Commercialisation grant as part of the Entrepreneurs’ Programme to further develop their medtech solution that helps doctors administer medicine to critically ill newborns.
So with business mentoring, networking opportunities, introduction to potential partners/investors and guidance around commercialisation pathways and business models, it is an excellent opportunity for ambitious entrepreneurs.
In its 10th year, the Competition is taking its 2020 program online to adjust to the COVID-19 situation. This is the fifth year that the Industry Growth Centres have been involved in the Competition.
There is just over a month to get your applications in by 8 May, 2020.
Find out how to apply here.