Category Archives: Innovation Back

The Brisbane entrepreneurs who cut through US red tape to develop medical devices

A Brisbane medical innovation start-up is revolutionising medical product development in Australia and the US1 by creating their latest product from concept to US FDA approval at two and a half times faster and 65 times cheaper than the US average timeframe and cost to develop a medical device. Orthopaedic innovation and devices company Field Orthopaedics … Read more

AUSTRALIA’S FIRST INCUBATOR FOR RESOURCE-INTENSIVE HARDWARE STARTUPS OPENS SOON

Australia’s first hardware incubator launches in Brisbane, next week, with the entrepreneur at its helm promising resource-intensive startups efficient and affordable access to equipment that will streamline the development and commercialisation of ground-breaking products. Arc Hardware Incubator is being delivered by Vektor Innovation whose CEO, Victor Vicario, told Dynamic Business that early-stage hardware ventures can get derailed at … Read more

Blockchain startup Havven eyes $31 million in pledged funds for ICO with goal to create crypto’s first “stablecoin”

An Australian blockchain company looking to tackle one of the biggest issues in the cryptocurrency space has received more than $US25 million ($31 million) in pledged funds for its initial coin offering (ICO) at the end of the month. The startup is called Havven, and it is looking to create one of the first successful … Read more

“ROCKET SCIENCE IS NO EASY FEAT”: FLEET’S CEO ON PAVING THE WAY FOR SPACE STARTUPS IN AUSTRALIA

When Fleet launched in 2015, its three founders faced an uphill battle. They had created an IoT nanosatellite technology startup in Adelaide at a time when Australia’s commercial space sector was practically non-existent and – in the absence of a national space agency – they were told the venture would likely fail. Fast-forward to today … Read more

Sex industry blockchain startup intimate raises $4.5 million in pre-sale ahead of full ICO next month

An Aussie blockchain startup focused on solving issues inherent in the adult industry has raised $4.5 million in a token pre-sale and is gearing up for a further $24 million raise in March. The startup, intimate, was launched last year by founding trio Reuben Coppa, Leah Callon-Butler and Nathan Smale, who formed the idea of … Read more

How driverless cars could create new jobs in Australia’s motor industry

The race to market for widespread driverless cars may be on, but that doesn’t mean we’re anywhere near a deployable reality. Much of the initial hype has settled down, and the claims made by manufacturers and startups with regards to timelines have moderated. As the key stakeholders — the automotive industry, government and the public — consider the … Read more

Sydney biotech Elastagen has just been bought for $120 million by the maker of Botox

University of Sydney spin-off Elastagen, which has a product to fix stretch marks and acne scars, has been bought by multi billion dollar global biopharmaceutical Allergan, the manufacturer of Botox, for $US95 million ($A120 million). Elastagen’s technology is based on human tropoelastin, the precursor of elastin which is a key component of youthful skin. The … Read more

The 10 medtech startups selected for Australia’s Catalyst accelerator program

Another 10 medtech startups have been selected for the third year of HCF Catalyst accelerator program. The new cohort of entrepreneurs will spend the next 12 weeks with startup accelerator Slingshot turning their health tech ideas into high impact businesses. Here are the 10: Vantari VR. New ways to visualise, interpret and understand medical images … Read more

“WILD RIDE”: OPUS MEDICAL’S COO ON IMPROVING CANCER TREATMENT AS HIS STARTUP GOES GLOBAL

Harnessing technology more than a decade in the making, the medical minds behind Opus Medical are pursuing a global opportunity exceeding $800 million to improve treatment outcomes for breast cancer patients. Co-founded by Dr Sean Pollock (COO) and University of Sydney Professor Paul Keall (Director), the Sydney-based medtech startup is in the business of developing … Read more