Well being tech commercialisation group ANDHealth has opened functions for its ANDHealth+ program accelerator program, in search of 5-7 digital well being startup.

This system additionally provides as much as $3.75 million in equity-free funding alongside help from a community of specialists to assist the startups concerned scale.

ANDHealth+ is funded by the Medical Analysis Future Fund (MRFF).

This system supplies business mentoring and help, in addition to equity-free mission funding throughout a two-stage funding course of. Profitable candidates are supported by a devoted mission help staff and a panel of senior executives with demonstrated expertise in business areas related to digital well being commercialisation and market entry.

CEO Bronwyn Le Grice stated this system has been “a game-changer” for firms concerned beforehand.

“As of March this yr, our first two ANDHealth+ cohorts funded by the MRFF have already raised over $17 million in funding and reached over 200,000 new sufferers, partaking over 500 new industrial clients in a bit of over a yr,” she stated.

“For the reason that pilot began in 2018, firms have raised an enormous $144 million in new funding and generated revenues in extra of $48 million, while reaching over 500,000 new sufferers and supporting the Australian economic system.

“If innovators have a proof-of-concept digital well being expertise which is targeted on considerably altering medical paradigms and bettering affected person outcomes, ANDHealth+ supplies a singular alternative to entry international business leaders, funding and help which might speed up commercialisation and market entry, and units firms up for vital success in capital elevating and buyer attraction.”

Utility particulars can be found at andhealth.com.au/our-programs/plus and shut in mid-June.