D R B U Z Z P A L M E R , C E O

MEDTECH CONNECT

THE MEDTECH ACTUATOR

BOARD OF DIRECTORSStrong & experienced governance

• MTAC Chairman

• Clinical doctor

• Former Chairman of World

Medical Association

• Former President of

Australian Medical

Association

Dr Mukesh Haikerwal AC

• Chairman of JDRF Australia

• President of the Heart

Foundation

• Former M&A lawyer

• Fellow of AICD

• NHMRC committee member

Ms Rebecca Davies, AO

• Vice-President, Medical Alley

Association

• Chairman of Minnesota

Medical Manufacturing

• Authority on US-based

regulations and

reimbursements

• Minneapolis based

Mr Frank Jaskulke

• Chief economist & partner,

Deloitte economics

• Former Secretary of Health,

Victorian State Government

• Former Director Policy, Prime

Minster’s office

Dr Pradeep Philip

• CEO ASX-listed company

• Telstra business woman of

the year

• Founder of The Social

Science

• Strong advocate for women

in STEM

Ms Michelle Gallaher

Dr Buzz Palmer

CEO

• Co-founder of MTAC

• One of Australia’s leading & most

visible voices in Healthcare

innovation

• Serial MedTech entrepreneur

• Professor – Entrepreneurship,

Monash University

• Former clinician in orthopaedic

medicine

• Co-founder of MTAC

• Harvard educated political

economist, strategist, lawyer and

policy thought-leader

• Professor – Innovation & Public

Policy, RMIT

• Former Deputy Secretary,

Department of Health

• INSEAD trained in global

management & strategy

• Former strategic lead for

Medtronic

• Previous roles with Cooper,

Stryker & Merck

• Mentor for Harvard & MIT

entrepreneurship schools

• Former GM, executive producer and

COO for world-leading

entertainment software corporation

• MBA, INSEAD

• Former Deloitte consultant

• Former research scientist

Dr Johnny Mang CVOMs Sabeen Sheikh COODr Vishaal Kishore

Deputy CEO & CSO

EXECUTIVESPassionate & impact driven

OUR PARTNERS

An ecosystem approach – from idea to exit | More than 75 partners – and growing fast

With links from the Mayo Clinic to Samsung Medical Centre, from the Bangalore Biomedical Cluster to Minnesota’s Medical Alley , we link the world’s best ecosystems with the world’s most promising ventures. A selection of our partners is below.

5

THE NEED IN APAC

Realising gains from investment and building momentum

Australia has significant MedTech related assets, activity,

skills and world-leading talent. However, fragmentation

prevents seamless, coherent action and navigation

across the ecosystem

SYSTEM GAP

In spite of significant investment into MedTech and

HealthTech innovation, impact and return on

investment has been difficult to see or realise at the

expected level of scale.

IMPACT GAP

Over 95% of all MedTech founders are first-time

entrepreneurs, which presents one of the most

significant risks to sustainable startup and ecosystem

success.

ENTREPRENEURSHIP GAP

6

Highlighting the perils implied at the level of pathways within the MedTech innovation ecosystem

THE NEED IN APACRealising gains from investment and building momentum

7

TECH MATURITY

INNOVATION/TRANSLATIONCONTINUUM

CONTEXT

FINANCE TYPES& AVAILABILITY

VALUE & IMPACTWHAT DOES THAT EVEN MEAN?

8

Multi-National corporations Hospitals & Patients

Government Investor groups

University & Research Institutes Startups and SME’s

FOUNDATIONS & TRACK RECORD13 year history in Melbourne

OUR MODELProgram overview: from idea to impact, we have MedTech covered

10

Activating the ecosystem

Australia’s premier, largest and longest-running MedTech entrepreneurship competition, supporting

emerging clinical entrepreneurs, researchers and students.

Activating the ecosystem - the challenge

MEDTECH’S GOT TALENT

- IN THE LAST 5 YEARS -

$1MRAISED WITHIN 40

DAYS OF PROGRAM

500+APPLICATIONS

$72MINVESTMENT

RAISED

12INTERNATIONAL

AWARDS

$2.25AUSTRALIAN RECORD

CROWDFUNDING

Addressing the risks that kill startups:

THE ACCELERATOR

Accelerate the ecosystem - flagship

CAPITALTECHNOLOGY TEAM

kickoffQ1 Q5Q4Q3Q2

$200kSeed Round

$750kAngel Round

$2MSeries A Round

Relentless collaboration and engagement with local industry partners

2-month intensive

4-month tailored intensive

9-month tailored mentoring and strategy

ongoing mentoring…

$10M+Series B, IPO or

trade sales

roadshowroadshow

- THE ACCELERATOR JOURNEY –AN INTENSIVE AND RAPID PATHWAY FROM SEED TO SERIES A

THE ACCELERATOR

Accelerate the ecosystem - flagship

ADVISORY

Advising on possibilities and pathways to accelerate progress

Our advisory model allows for targeted, tailored consulting across every moment of the commercialisation and innovation pathway – targeted to help specific ventures

rapidly develop, stress-test their strategies and products and generate real commercial outcomes

We catalyse the ecosystem through expert consulting

• White/thought papers

• Strategic market positioning

• IMs and capital raising strategy

• Grant & proposal writing

• Business review and analysis

• "SWAT Team” executive roles

• Technology due diligence

• Commercialisation planning

THE S INGAPORE MODEL

15

Demand & delivery

PROGRAM IMPACT

Since launching in January 2018: the MedTech Actuator has achieved unprecedented success and impact in Australia

across its three core streams of activity.

• Now in its 5th year

• $70M+ raised

• $1M in 40 days of program

• 500 applications

• 50% female founders

• 10 products on market

• In 2019, we go global

• Launched Jan 2018

• 15-month program

• 75 partners

• 36 portfolio startups

• $22M committed

• Class I, II & III

• 4-startups primed for exit

• Dedicated $50M seed fund

• $4M seed investment

• Angel platform launch

• $700k raised in pilot for startup

• $5M raised through network

• $100+M Series A in 2019/20

FUNDINGACCELERATORMTGT

FUTURE GROWTHScaling activity out into APAC

17

REFLECTIONS ON THE

FUTURE OF HEALTH

C O N F I D E N T I A L

REFLECTIONS ON THE FUTURE OF HEALTH

MEDTRONIC RTG GROUP

A COMPLICATED PREDICAMENT

A GLUT IN THE INNOVATION MARKET

THE GEOPOLITICS

OF EXTREMITIES

PERSONALISED AND HYPERCONNECTED

THE RISE OF HEALTHCARE CYBERNETICS

OF SYSTEMS…AND WOLVES

TOGETHER OR NOT AT ALL

THE WAY FORWARDBeyond the hype…and on the other side of the slogans

LESSONS FOR THE FUTURE OF HEALTHCARE

1. Seek quality in a crowded innovation market

2. Leverage different settings to drive alternative innovation approaches and focii

3. Appreciate the consumerisation of everything health

4. Recognise that “human” and “tech” are two sides of the cybernetic future of healthcare

5. Watch out for wolves…or become one

6. Collaborate…or fade away