Health insurance fund HCF is looking for a new batch of entrepreneurs to join its start-up accelerator program, HCF Catalyst.
HCF Catalyst, in partnership with Slingshot, is now accepting applications from health tech entrepreneurs, experts and other specialists interested in building a health technology business.
The accelerator is a structured, 12 week program designed to build compelling business models and secure the traction, viability and investment needed for each business to succeed. It includes hands-on resources such as mentorship, funding, industry relationship-building, and strategic guidance.
Sheena Jack, CEO at HCF said, “Our vision is to improve health care for all Australians, which is why this year’s HCF Catalyst focus is on improving patient outcomes. Adoption of new technologies and business models that help us better meet our customers’ needs is the best way to ensure the wellbeing of our members remains the focus.
HCF Catalyst alumni prove health technology startups can drive innovation in the healthcare industry and positive impacts for all, Jack said.
“This year, we’re looking for the brightest new minds from a range of backgrounds to develop ideas that can improve the wellbeing of Australians everywhere and disrupt the healthcare industry.”
In its first two years, HCF Catalyst has already fostered the success of multiple health technology businesses, with graduates from the program securing $8 million in funding so far, from HCF and other investors.
HCF itself also continues to support Catalyst graduates by funding pilot trials that provide value to HCF members. A pilot with Curo Technologies is already underway, with plans for two additional pilots with innovators from round two, demonstrating the value of the corporate-led accelerator as a launchpad for entrepreneurs.
“We are thrilled to launch the third year of Catalyst with HCF,” said CEO of Slingshot, Karen Lawson.
“As we enter our third year of health tech accelerators with HCF, we’ve enjoyed working with them to create a long term strategy for innovation delivering a world class supply of new technologies and services that will improve the quality, accessibility and effectiveness of health and medical solutions that will ultimately improve the lives of patients across Australia.”
In 2016, Melbourne-based Curo Technologies secured $1 million in investment from HCF to bring its passive sensor technology to market to help elderly people live independently for longer. The following year, HCF was proud to support a number of female founders into the health tech industry such as SheBirths, ScrubIT and The Pelvic Expert.
This year’s selected cohort will have the opportunity to be mentored by leading tech entrepreneurs including Nick Molnar, CEO of Afterpay, Tim McDougall, Founder of Curo Technologies, and healthcare expert Professor Hung Nguyen, Director at the Centre for Healthcare Technologies, UTS.