MEDTRONIC SEEKING PARTNERS IN INNOVATION

‘Eureka LIVE’ offers exclusive access to global Medtronic network for local companies 

Sydney – 20 February 2020 – Medtronic Australasia is calling for companies across Australia and New Zealand to apply to Eureka LIVE - a program designed to capture and launch local innovation onto the global stage. Applications are now being accepted and will be open until 31 March 2020.

For the first time in Australia, Medtronic Australasia will host Eureka LIVE in collaboration with AusBiotech’s premier medical technology conference AusMedtech 2020 from 20-22 May at the Melbourne Convention Centre. Applications are being called from in-market or ‘launch ready’ medtech companies who are looking for opportunities to scale their product innovations globally.

“Medtronic has the tools and experience to collaborate with inventors across a broad range of innovative ideas,” said Tim Fortin, Vice President and Managing Director, Medtronic Australasia. “We have a proven track record of bringing new products to market, by combining our research, engineering, and commercial competencies to deliver meaningful innovations at the therapeutic, procedural, and healthcare system levels.

“At Medtronic, we believe patient-focused innovation – and strong partnerships – remain key to an even better, more impactful future. We are confident that an approach focused on ANZ, which protects inventors and enhances opportunities to collaborate on innovation development, will yield excellent results and push medical technology forward,” Mr Fortin said. 

Following the application process, shortlisted companies will showcase their innovations to delegates attending AusMedtech 2020 – both as part of the main Conference program and through Exhibition space at the event – before moving on to targeted and exclusive deep-dive sessions with global Medtronic executives. Successful companies will then be invited to connect with the Medtronic global network to accelerate and fund appropriate opportunities to market in the pursuit of improving community-wide health.

Eureka LIVE aims to promote innovations that add real value for better patient outcomes at appropriate costs, which are validated by solid clinical and economic evidence:

  • innovation for patients, like device technology or remote sensing and monitoring;
  • innovation for hospitals, like data-driven insights to improve processes and predictive analytics to inform patient selection and management;
  • innovation for health systems, like algorithms and data integration to produce system intelligence and transform system performance.

To apply, please visit: https://www.medtronic.com/au-en/c/eurekalive.html

Hosted by Medtronic Australasia, Eureka LIVE is supported by AusBiotech and the MedTech Actuator. It builds on Medtronic’s commitment to supporting local innovation through its web-based portal Medtronic Eureka, also hosted in collaboration with The Medtech Actuator.

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About Medtronic

Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies - alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 86,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together. Visit the local site at www.medtronic.com.au

About AusBiotech

AusBiotech is Australia’s leading life sciences industry body, representing and advocating for organisations doing business in and with the global life sciences economy.  Working on behalf of members for more than 30 years, AusBiotech is a well-connected network of over 3,000 members in the life sciences, including therapeutics, medical technology (devices and diagnostics), digital health, food technology and agricultural sectors. Medtronic Australasia is a member of AusBiotech. For more information please visit www.ausbiotech.org

About The Medtech Actuator

The MedTech Actuator is an independent, not-for-profit entity, dedicated to powering the next wave of breakthrough MedTech, HealthTech and BioTech innovation to improve and save lives. Through dynamic programs deployed across the entire innovation spectrum, our mission is to transform healthcare in Australia and globally, connecting the region’s diverse ecosystem. The strategic ecosystem approach offers an ability to find and connect to the ecosystem’s very best ideas, opportunities, skills and experts. www.medtechactuator.com