We also officially had our Community Manager Jay - join the crew. Who is doing one hell of a job hearding ~200 of our incredible Private WTH Community Crew all across Aus, NZ & APAC.
Welcome, Jay 🎉
Now, enough terrible photos… on to to the news!
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Noteworthy 🗞️
Funding
🚀 Side Stage Ventures(lol yes, it’s me), a founder-led seed fund that aims to back the top 1% of founders in Aus, publically announced its first close of a $30m fund
😇 Australian Medical Angels is launching the Health 10x Fund - a "mini-fund" focused on investing in the Health 10x Accelerator Program cohort
👶 Navi Medical Technologies, a MedTech startup aiding in catheter insertions in critically ill newborns, raised $2.4m
💊 Vitable, a vitamin delivery startup, raised $7.5m and aims to crowdfund another $3m
🥇 13 Australian VC firms joined forces in the name of transparency, to disclose transparent data on their investment(s) into women-led businesses… Finally.
💥 Flying Fox Ventures & Jump Start Studio will each receive $300k to help boost female founders and women-led businesses
“Alongside the incubator and health-focused training programs, we'll be providing access to capital and dedicated commercialisation support to help grow the next generation of health and medical startups in NSW”
👀 Innowell, a PwC-backed startup that received $33m through a closed, non-competitive grant to develop a digital mental health platform - was scrapped and is now under investigation
🎉 Medical abortion accesswill dramatically expand with changes allowing all doctors and nurses to prescribe the pregnancy termination pill
Thank god we ain’t America (yet)
💊 Telecarelaunched RxPad, a standalone mobile electronic prescribing tool
“As Australia’s only biomedical manufacturing facility where CAR T-cells and other “living” cancer therapies can be made at a commercial scale, this expansion increases capacity to support high throughput manufacture of commercial cell and gene therapy products for Australian patients and the Asia Pacific market.”
🧠 Neurealink, Elon’s brain chip startup raised US$280m in fresh funding led by Peter Thiel's Founders Fund - despite debate over whether or not it should go to human trials
✍️ AWS launched its new health administrative toolHealthScribe; for providers to build clinical apps using speech recognition and generative AI to create transcripts of patient visits
Think creating summaries, identifying key details and the ability to transcribe to electronic health records
🌏 Google and DeepMind Researchers unveiled Med-PaLM M, the first demonstration of a generalist multimodal biomedical AI system.
Med-PaLM M encodes and interprets diverse types of medical data spanning text, images, genomics and more - all within the same model architecture. This development highlights the potential of flexible, general-purpose AI systems to unlock new capabilities in biomedicine
🫁 AstraZeneca and Qureightare collabing - to utilize proprietary AI to conduct research across complex lung diseases, and better understand how patients could respond to novel drugs
💻 iCAD a global manufacturer of medical devices, announced they’ll incorporate Google Health's AI technology into its ProFound Breast Health Suite, enabling its cancer detection software to use AI to analyze mammography images and alert radiologists of suspicious areas
In the announcement, iCAD cites an independent research study of six radiologists conducted in 2020 in which "Google's mammography AI system outperformed all of the human readers".
Join the ANDHealth Australian Delegation to HLTH 2023 in Vegas! HLTH is the US’ largest health innovation conference, attended by key decision-makers, payers, providers, investors and executives, and being part of ANDHealth’s delegation puts you right in the heart of it (ft. great discounts).
Last year’s delegates established connections with at least 1-5 potential investors, partners, and/or customers, with meetings averaging $1M-3M in long-term value. Don’t miss your chance to showcase your stuff - More here
Early Stage Biotech looking for support and space?
Jumar Bioincubator is Aus’s newest biotech incubator, run by Cicada Innovations ft. CSL, WEHI, Uni Melb and Breakthrough Victoria and seeking EOIs from early-stage biotech start-ups looking for support and space to commercialize medical research - More here
Want to get investment ready?
The Biointelect Venturer Programs provide real-world insights into the investment environment and get partners and investors ready - More here
Looking for Medical Research Grants?
The Medical ResearchFuture Fund (MRFF) has $310m for research to improve the health and well-being of Australians, the consumer healthcare experience, primary health care, and national critical research infrastructure - Search them here
🔍 ANDHealth’s Grace Lethalean’s Churchill fellowship investigated international best practices in supporting digital health companies to thrive - Check out her report on it here
💰 Rick Bourke, CFO & Executive Director of InstantScripts, which recently sold for $135m to Wesfarmers Health did an interview on “How to Scale & Sell a $100m Business”
