Applications are now open for the 2022 LuminaX Health Accelerator, with health startups across the medical, physical, mental, fitness, bio, sport and wellness sectors encouraged to apply.
The LuminaX Accelerator is Australia’s top healthtech program for early-stage startups, with the Queensland Government, Mater, VentureCrowd, City of Gold Coast, IntelliHQ, and Bond University supporting the 2022 program as partners.
In 2022 the LuminaX Accelerator will commercialise ten high-growth startups through a structured 14-week, industry-led health focussed program.
The program will provide over $50,000 comprehensive in-kind support, including free co-working space, 12 expert-led workshops, weekly expert coaching, and personalised connections to leaders and experts within the technology and health care space.
Program participants will also receive a $50,000 investment each from the VentureCrowd HealthTech fund, providing a crucial cash injection for the early-stage startups.
The program will run from May through to August, with the LuminaX Demo Day event set for 11 August 2022. Startups have the chance to win a further $30,000 worth of prizes at Demo Day, including a Cohort Innovation Space co-working membership for 12 months and a dedicated prize from VentureCrowd.
Cohort Innovation Space Program Manager, Dren Xerxa, said that he is excited to launch another round of the LuminaX Accelerator, with the $50,000 funding expected to be a major drawcard for applications.
“We’re incredibly proud to launch LuminaX 2022 this year on a bigger scale with new partners, coaches and mentors, including the Mater, the largest not-for-profit network of public and private healthcare services in Queensland and VentureCrowd, Australia’s leading equity crowdfunding platform.”
“This year we are able to provide each of the 10 startups with a much needed financial investment of $50,000 cash through the VC HealthTech Fund to help them scale quickly and accelerate their business operations,” Mr Xerxa said.
“We are running the program in-person at Cohort Innovation Space on the Gold Coast, and with borders now open we are expecting an increase in interstate applications from founders around Australia”.
Hearoes Co-Founder and LuminaX Startup of The Year 2021, Elliot Miller, encouraged startups to take advantage of the opportunity and apply for the industry-led program.
“LuminaX was incredible in helping Hearoes understand and gain a stronger knowledge of the healthcare industry. The wealth of information covered at different stages such AI and health regulations, customer insights and other important factors in the industry have been invaluable.”
“If you’re a founder solving a problem in health, I’d definitely encourage you to apply for LuminaX as it can help you get investor ready and fast-track access to connections, networks and potential customers” Mr Miller said.
Startups can apply online now at www.luminax.com.au until 12 April at 5pm AEST.
The 14-week program will take place from May through to August 2022 at Cohort Innovation Space in the Gold Coast Health and Knowledge Precinct.