Start-up solutions to young Victorians' health challenges
A new partnership between VicHealth and , Victoria’s lead startup agency, will harness the power of entrepreneurship and innovation to advance the health of Victoria’s young people.
Through the VicHealth X Challenge, aspiring founders and early-stage startups are encouraged to use their skills to create a fairer and healthier future for Victoria’s young people.
Applications are now open to be a part of 15 innovators cohort who will prototype solutions for these two challenges:
- Improving young people’s access to healthy food in their community
- Exposing unhealthy food advertising targeted at young people
As a part of Labs by , selected founders participate in a pre-accelerator experience where they will co-design and test their solutions with VicHealth policy experts, supported by mentor networks and business acceleration workshops, and receive $10,000 equity-free funding.
At the end of the six-week program, founders have the chance to apply for a further $25,000 in seed funding to bring their idea to market.
HealthTech is Victoria’s largest startup subsector, with 1 in 5 startups working in this space. CEO Dr Kate Cornick said the VicHealth partnership would support the next generation of founders entering the sector.
“ Labs brings startup thinking to social problems and gives aspiring founders a chance to test out a business idea with a real end-user,” she said.
“For government, the program provides a unique and tailored access point for early-stage startups into Victoria’s $10.5 billion early-stage startup ecosystem and insight into lean startup methodology.”
VicHealth CEO Dr Sandro Demaio said startups have an important role to play in HealthTech innovation.
“This is a fantastic opportunity to apply and co-design principles to drive youth-led solutions that address some of the biggest health challenges facing our kids,” he said.
“We can’t wait to hear from Victoria’s community to help us build a healthy Victoria where young people can thrive.”
and aspiring founders can apply to the challenges at https://www.launchvic.org/civvic-labs
LaunchVic is Victoria’s lead start-up agency. We were established by the Victorian Government in March 2016 as an independent agency to fuel the growth of Victoria’s ecosystem.
Melbourne’s sector value has grown by more than AUD $3 billion in the past 12 months to $10.5 billion. This is larger than Victoria’s racing and sports industries.
Victoria is home to more than 2,500 – companies that use innovative business models and technology to grow fast and service global markets.
For a free and dedicated source of real-time data on Victoria’s startup founders, investors, corporations, and policy makers including startup jobs, go to findingstartups.launchvic.org
70% of Life Sciences deals in Oceania are made in Melbourne.
The sector is a major driver of jobs, with Victorian Healthtech companies added new jobs 55% faster than the already-over performing healthcare sector (+9.7% growth) in 2020.
CBRE ranked Melbourne as among the top 5 Life Sciences hubs in Asia in 2021.
Five of Australia’s largest independent research centres and two top-ranked universities for biomedical research are in the city.
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