Six potentially life-changing digital health technologies are set to receive non-dilutive funding through the Medical Research Future Fund (MRFF) as part of the ANDHealth+ program. The cohort was announced by The Hon Mark Butler MP, Minister for Health and Aged Care.
Through ANDHealth+ the Government is accelerating our brightest ideas to help reach our vision for fast and safe adoption of digital health technologies, said The Hon Mark Butler MP.
ANDHealth CEO and Managing Director Bronwyn Le Grice said, These investments will support Australias highest-potential digital health innovators to navigate the complex and evolving landscape of digital health commercialisation, providing hands-on support and access to leading experts from around the globe.
$3.75M from the Australian Governments MRFF will be invested into six high-growth potential digital health companies over the next 16 months, via a two-stage investment process.
The selected digital health technologies are:
Cape Bionics: Digital scanning technology and accompanying software that allows clinicians to scan patients to create personalised, medical-grade compression garments tailored to their unique needs for a variety of performance and therapeutic uses, and which are currently used by NASA.
Healthily: bringing conversational Voice AI to its interoperable clinical outreach and patient education platform, greatly increasing patient engagement and understanding through customisation and interactivity.
Navier Medical: Mosaic, an AI-driven medical imaging software using routine CT scans to unlock personalised treatment options for patients with cardiovascular disease, streamlining risk stratification and enabling earlier detection through a new disease marker that is a significant predictor of heart attack.
Osara Health: a digital engagement platform for those impacted by cancer that is delivered in conjunction with health coaching and a smartphone application, with clinical evidence demonstrating improved health outcomes.
Sydney Neuroimaging Analysis Centre (SNAC): brain imaging analysis platform that utilises AI to precisely conduct quantitative analysis of brain structures for monitoring and managing neurological diseases including Multiple Sclerosis and Dementia.
Touchstone Life Care: a Software-as-a-Service (SaaS) platform blending user-friendly interfaces with robust security and cloud-based integration, to help clients complete a digital advanced care plan, which is made available to all decision-makers at the point of need and helps to improve end-of-life care.
Read the full announcement here