Cardihab Director and Uniseed CEO Dr Peter Devine was recently interviewed on Sky News Business. Uniseed is a venture capital fund operated in partnership by the Universities of Melbourne, Queensland, New South Wales and Sydney, and the CSIRO. The fund has a mandate to commercialise partner research by targeting investment in highly promising technologies. Dr Devine describes why Uniseed invested in Cardihab and its plans for growth.
Brisbane, Australia, September 19th 2017: An Australian solution to dramatically improve recovery from a heart attack today became reality.
Cardihab’s technology platform was developed by scientists at the Australian eHealth Research Centre (AEHRC), a joint venture between CSIRO and the Queensland Government. Cardihab was spun-out from CSIRO after raising venture capital investment of $1.35 million in the new company.
In Australia someone has a heart attack every nine minutes, however less than one third of survivors follow through with cardiac rehabilitation, resulting in up to a 50% chance of being readmitted to hospital in the following year.
Cardihab is a smartphone app connected to a clinic based portal, used for remote patient management following a cardiac event. The app gives clinicians the ability to deliver more convenient, flexible and engaging cardiac rehabilitation meaning better outcomes for patients, clinicians and health service administrators.
Cardihab’s model of care is backed by a randomised control trial that was conducted by CSIRO and the Metro North Brisbane Health and Hospital Service, and published in the international journal Heart. The trial demonstrated that the Cardihab model of care was clinically equivalent to normal care, but significantly improved patient uptake, adherence and completion of cardiac rehabilitation.
Cardihab was able to demonstrate there was no additional benefit for patients who receive face to face care, compared to patients whose cardiac rehabilitation was carried out by a clinician remotely.
Cardihab Chief Technology Officer Simon McBride was part of the team that has been developing and trialling the technology while undertaking research at the AEHRC. “Today’s investment gives us the platform on which to build the company and make a difference to the lives of millions of Australians,” McBride said.
Of the $1.35million invested in Cardihab, $500,000 has come from Uniseed, a venture fund operating at the Universities of Melbourne, New South Wales, Sydney, Queensland and CSIRO.
The remaining investment is made by private cardiology groups, and existing Cardihab shareholder Slingshot Investments as manager of the Slingshot Venture Fund.
Cardihab benefited from participation in CSIRO’s AcceleratiON and Slingshot’s HCF Catalyst accelerator programs and is led by recently appointed CEO Gus Taddeo, who was formerly Managing Director of Cook Medical Australia.
Cardihab is proud to announce its Gold Sponsorship of the Australian Cardiovascular Health and Rehabilitation Association 27th Annual Scientific Meeting to be held at the Rendezvous Hotel Scarborough in Perth, Western Australia, from the 7-9 August 2017.
The ACRA 2017 program includes a world class list of speakers including Associate Professor Tom Briffa (University of Western Australia), Professor David Dunstan (Baker Heart and Diabetes Institute), Dr Rolf Gomes (Heart of Australia) and many others. Cardihab is hosting a breakfast symposium on digital cardiac rehabilitation (7:30-8:15am, Tuesday 8 August, Preston BC room), sponsoring the Health Technolgies workshop (3:15-4:15pm, Tuesday 8 August, Mentelle room) and exhibiting throughout the conference.
Registrations are now open and we look forward to seeing you in Perth!
Cardihab is delighted to be a major sponsor at the upcoming Australasian Cardiovascular Nursing College Conference. ACNC 2017 will be held in Brisbane on Friday 10th and Saturday 11th of March.
Cardiac rehabilitation features strongly in the program including a key presentation by Robyn Gallagher – President-elect of the Australian Cardiovascular Health and Rehabilitation Association – entitled "The future of cardiac rehabilitation – how can health technology be harnessed?".
Cardihab™ will be on show in the exhibition with Simon McBride and Craig Newton demonstrating how Cardihab's Digital Cardiac Rehab solution can increase uptake, adherence and completions. We look forward to seeing you there!
Tech Street Journal reports on Cardihab's pitch to a full house of 80 pre-screened investors, venture capital firms, and entrepreneurs at River City Lab's ESIC RiverPitch.
Cardihab joins other CSIRO ON accelerator program teams pitching and conducting market validation in the USA.
Cardihab™ pitches at Tech23 2016, winning The Austrade Best Startup Award and The AMP Amplify Award for Best technology Tech23 2016 start-up founded by a woman.
Watch our CEO Leonore Ryan's pitch below!