Program Overview

ANDHealth ACTIVATE, supported by LaunchVic, is a purpose-built accelerator program for Victorian digital & digitally enabled medical technology companies which are poised for significant growth.

The latest addition to the ANDHealth Commercialisation Program Suite, ACTIVATE combines critical elements of the highly regarded Masterclass and ANDHealth+ programs into a 6 month accelerator-style program, providing leading content, hands on coaching, deep domain expertise and supported implementation.

Targeting companies which bring together the enabling capabilities of technology and deep health and medical research to create novel digital or digitally enabled medical technologies, products or services, ACTIVATE is suitable for companies which have reached MVP and can demonstrate early engagement with users and customers.  

Throughout the 6-month program, companies will receive tailored support and mentorship designed to result in a robust business and investment case which will enable companies to successfully navigate the due diligence processes of professional investors and enterprise customers. The program will deliver world-class content with hands on coaching and support to allow companies to implement their learnings into their business on a real-time basis.

Cohort companies also benefit access to a national Executive in Residence with a proven track record in developing, commercialising, scaling and exiting a digital health business, as well as facilitated access to ANDHealth’s global network of industry leaders and preferred suppliers. 

The 6-month program comprises:

 6 modules of expert content aligning to key building blocks of a strategic commercialisation, business and capital plan. 

Supported knowledge implementation phases, which will include practical exercises and self-completion tasks designed to help participants put their learnings into practice.

Mentoring and actionable feedback: 1-1 and small group feedback from executives in residence, national sector experts and international industry leaders to support continuous growth and improvement.

Applications for our 2023 ACTIVATE cohort have closed. Applications for the 2024 cohort will open early-2024. Stay tuned!
The Modules
The 6 modules of expert content include:

Module 1 Get your Foundations Right:Problem, Product & People

Module 2 Users & Usability: DefiningYour Product Development Roadmap & Milestones

Module 3 WillYour Customers Pay and Why? The Art of the Business Model

Module 4 How & Where to Grow: Knowyour Markets Before you Go to Market

Module 5 Safety, Efficacy & Trust:Managing Regulation, Compliance & Risk

Module 6 Money Money Money: What does it really take to raise capital? Are youReady?
The Dates and Delivery
The program is designed to span across 6 months, recognising the busy lives of scale-up entrepreneurs. The overall structure will be a module a month with the first week focusing on content and then knowledge implementation and mentoring for the remaining weeks.

The program offers a blended delivery approach, combining in-person, virtual, and optional sessions, allowing time to implement the learnings and receive mentoring.

We kindly ask all applicants to put a placeholder in their diaries for Day 0 of the program which will take place on 17 May, this will be a full day of informative content and networking.

Additionally, Module 1 is set to begin on the week of 29 May, and in-person availability will be preferable.

The content delivery and knowledge implementation schedules, as well as coaching support, will be detailed closer to the program start date.

• Applications open:
15 March 2023

Applications accepted until: 18 April 2023

Cohort notified: Early May 2023

Day 0: 17 May 2023

Duration: May to November 2023

Showcase: December 2023

• Delivery: The program will be delivered via a hybrid format comprising on-site presentations, workshops and networking and online content, meetings and mentoring.

The on-site component will be held at the Victorian Connected Health Innovation and Commercialisation Centre (CHICC) at Level 2, 99 William Street in Melbourne. Cohort companies will be encouraged to take advantage of the free co-working and meeting space at CHICC for the duration of the program.

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The Participants

15 companies (up to a maximum of 20) will be selected through a competitive process each year.

Please note that a senior member of the team must fully commit to the program. While there may be a chance for another senior member to participate in some sessions, we require complete commitment from a nominated member of the executive leadership team from each cohort company
The Speakers
Speakers will be drawn from ANDHealth’s extensive national and international network of industry leaders. All speakers will have hands-on experience and proven track records in delivering outcomes in digital and connected health.
The Cost
Thanks to the generous support of LaunchVic this program is free of charge for selected Victorian companies.
Benefits to companies
No equity or IP taken.

Access to a network of professionals with proven and demonstrable track records in development, commercialisation, implementation and capital raising in the digital and connected health sectors.

Ability to apply learnings and implement changes during the program using the Content-Application-Feedback approach, which supports cohort companies to translate content into learning and then to embed those capabilities into business activities immediately.

Ongoing access to a national Executive in Residence with a proven track record in developing, commercialising, scaling and exiting a digital health business.

Facilitated access to ANDHealth’s global network of industry leaders and preferred suppliers.

Opportunities to present to and receive feedback from ANDHealth’s network of professional investors.

Ongoing access to CHICC, which includes a free co-working space, office hours with leading industry experts, International Experts in Residence, targeted commercialisation workshops, and room hire for networking events, meetings and workshops.

Ability to network with a cohort of companies on a similar journey for the 6 month program.

Participation in a Program Showcase at the end of the program to present  learnings.

Access to ANDHealth’s national and international industry development activities and events including program Alumni events and promotions. 
Eligibility Criteria
The program is designed for digital and digitally-enabled medical technology companies which:

✓ Have a registered business and run the majority of company operations inVictoria 

✓ Have an Australian Business Number (ABN)

✓ Have more than 1 employee and fewer than 200 employees

✓ Have an annual revenue of less than $20 million

✓ Be developing and commercialising a digital health or digitally-enabled medical technology such as mobile health (mHealth), health information technology, decision support software, remote patient monitoring, digital diagnostics, wearable devices and sensors, telehealth and telemedicine, personalised medicine, connected medical devices, Software as a Medical Device (FDA definition)

✓ Have a functioning MVP which can be deployed to generate clinical and commercial evidence\

✓ Can provide evidence of customer and/ or end-user demand

✓ Are able to service the commitment of a 6-month part-time program for senior leaders in the business (founder,C Suite level)
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