The Victorian government has launched a new program which provides mentoring to start-ups and SMEs across the medical technology sector.
It is hoped, the Small Technologies Cluster's MedTech Boardroom Stimulator program will accelerate growth of the state's medtech manufacturing capability by assisting companies involved in developing, commercialising and selling medical technologies.
State technology minister, Gordon Rich-Phillips, said the MedTech Boardroom Stimulator would assist firms developing leading-edge medical technologies, both in terms of harnessing the latest medical advancements and helping them to boost exports.
"The program is free for start-ups, SMEs and larger companies and will be held in a virtual boardroom scenario, allowing participating companies to identify collaborative opportunities, refine strategy and brainstorm specific challenges," he said.
"I strongly encourage interested companies to contact the STC to book their place at these lunchtime sessions, which will provide the insights and introductions they need to get products to market sooner."
MedTech Boardroom Stimulator is part of STC's Medtech events program, which is supported under Victoria's Technology Plan for the Future - Biotechnology, the Victorian Government's $55 million plan to drive innovation and growth across the state's life sciences sector.
According to a technology minister spokesman, Victoria's well-established medtech industry continues to experience strong growth as it capitalises on increased need from ageing populations in developed economies and rapidly growing demand in emerging markets.
The industry is underpinned by Victoria's health and medical research sector, as well as the state's ICT, biotechnology, small technologies, design and advanced manufacturing capabilities.