What is a Medtech Actuator?
Literally speaking, it’s a mechanical component that moves part of a machine – ‘a mover’. And getting things going is what the Medtech Actuator does for medical technology inventors; it helps get their business moving and get their product market-ready.
But it’s also more than that. According to Actuator CEO Dr Buzz Palmer, it’s a way to grow the next generation of entrepreneurs and help position Victoria as the healthcare capital of the world.
Entry to Actuator programs is by a competitive process, and most successful applicants are first-time entrepreneurs whose inventions have potential to improve patient care and wellbeing.
Melbourne’s Docklands is home to the national headquarters of the Medtech Actuator, which is in the Victorian Innovation Hub.
The Hub is a new centre for tech organisations including data innovation group Data61, Australia’s first agriculture technology accelerator SproutX, and Stone & Chalk, a not-for-profit financial technology hub.
Watch the video to hear from some of the current participants and the exciting products they’re working on: