News, Insights and Stories from the Australian and New Zealand tech ecosystem.

Slingshot announces intake for its first HCF Catalyst healthtech accelerator program

Slingshot has today announced the startups and scaleups taking part in its first HCF Catalyst accelerator, a program focused on innovation in the health tech sector.

Among the companies who have made the cut are CareMonkey, which last year won a €650,000 prize from Slush Europe; CancerAid, which allows cancer patients to track their medical journey; and My Health Test, which delivers at-home health kits for patients to monitor their conditions. My Health Test last year took part in the NRMA Jumpstart accelerator, also run by Slingshot.

Sheena Jack, HCF Chief Strategy Officer, said the companies selected for the program will help drive Australia’s health sector forward.

“They have fantastic teams and global aspirations and we are delighted to provide a process that will help them realise their goals, faster. Importantly, these startups are all confident they can deliver a minimum viable product within three months of starting work with HCF Catalyst,” Jack said.

Both the startups and scaleups will receive mentoring, coaching, marketing support, and legal and financial advice, with the startups also receiving $50,000 in seed funding in exchange for 10 percent equity. The startups will also be eligible for $100,00 in follow on investment from the Slingshot Venture Fund.

However, Jack said most important aspect of the Catalyst program is the opportunity it provides startups to tap into HCF’s member base.

The startups selected for Catalyst are:

Curo

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Helps provides families with reassurance that their elderly loved ones are safe at home through Internet of Things-connected devices monitoring their activity.

Cardihab

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Created by a team at the CSIRO, Cardihab aims to provide cardiac rehabilitation to patients wherever they are via smartphone.

CancerAid

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Developed by a team of doctors, CancerAid wants to empower cancer patients by providing them with an app that tracks their treatment options and journey.

MindFit

MindFit is looking to help psychological patients find the right care and track their treatment, progress, and results.

LookFit

Dubbed the ‘iSelect for the fitness industry’, Lookfit helps consumers compare and contrast fitness and gym plans.

Dream Well

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Dream Well has created Fit for Battle, an app that gamifies running to help motivate users to be active.

The scaleups selected to take part are:

CareMonkey (Scaleup)

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CareMonkey is an online platform that allows parents and carers to input their child’s health information, such as allergies and other conditions, to help their teachers and sports coaches provide proper care for them in the case of an emergency.

MyHealthTest (Scaleup)

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MyHealthTest is looking to make blood collection technology more accessible by delivering at-home pathology tests to patients and processing results in its own lab.

Pulse Data Science (Scaleup)

Pulse Data Science is building predictive models using historical claims and clinical data.

Image: The My Health Test team. Source: Supplied.





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