Australia’s only not-for-profit digital health commercialisation organisation, ANDHealth today announced that Cardihab has been selected to take part in its Medical Research Future Fund (MRFF) funded ANDHealth+ program.
The five companies selected in the first ANDHealth+ cohort will share in a pool of $3.75M of project funding via the ANDHealth Digital Health Accelerator Fund and over $500k of pre-screened expert professional services.
Based on the past performance of companies that participated in the smaller ANDHealth+ Pilot Program, ANDHealth+ cohorts in the next four years can expect to create 1000 jobs, impact over 500,000 patients, undertake 175 clinical trials, raise over $130M in new financing and generate $80M in new revenues over the next eight years.
Over 120 companies expressed interest in the program, with 58 completing the comprehensive application process. The five companies selected were assessed through a rigorous process by a multi-sectoral, multi-disciplinary panel of industry leaders and approved by ANDHealth’s recently announced International Investment Advisory Committee.