Adelaide, South Australia: International business accelerator Innovyz has launched its latest program with a new focus on the high-growth health, fitness and medical sector.
The Innovyz Health & Wellness program encompasses hardware, software and services, and could include pharmaceuticals, procedures, clinical areas, medical devices, health software and other health related innovations.
Innovyz Chairman Philip Vafiadis said that the program had been revamped and expanded to nurture, guide and cultivate participants over a period of nine months, with the objective to match innovators with like-minded investors.
"We have attracted a high calibre of international mentors who will guide our companies through the entire commercialisation process, arming them with the knowledge and tools they need to tackle local, national and international markets," Mr Vafiadis said.
“We are looking for innovations that have global potential to improve the lives a large number of people. It would be wonderful if the applicants had already established their companies and are trading, but it is not essential as we can help them build their team and their company at any stage."
Innovyz plans a series of industry-specific programs to be launched throughout the year to support Advanced Manufacturing, Energy, Resources, Water Agri-Business and Applied Technology.
Individuals, universities, existing companies, corporate spinouts and research centres are encouraged to contact Innovyz via www.innovyz.com to apply for the current Innovyz Health & Wellness program, or to register interest in upcoming programs for other industries.
More than 45 startups from around the globe have taken part in Innovyz and its associated programs since 2012, raising a total of $23m in seed capital, or an average of $500k for each company. In February 2014, the business accelerator established a second facility located at the Tonsley Innovation Hub in Adelaide as one of the precinct's founding clients.
This expansion is engineered to extend Innovyz to give more early stage businesses the chance to participate and absorb the benefits of the mentoring, support and networking opportunities available through its acclaimed programs.