ANZ innovators Alimetry and The Clinician among five winners In Medtronic APAC Innovation Challenge

SECTOR UPDATE - The Clinician

Medtronic Australasia, a subsidiary of Medtronic plc (NYSE:MDT) — a global leader in healthcare technology — has announced that New Zealand digital health innovators Alimetry and The Clinician were among the five winners in the inaugural Medtronic APAC Innovation Challenge (MAIC).

Auckland-based Alimetry is a digital healthcare and medical device startup that develops breakthrough solutions for diagnosing disorders of gastrointestinal function.

“We’re very excited to win this competition. Thanks to Medtronic for the opportunity to participate in this innovation challenge. This one offers a superb launching pad to take our technology to patients throughout the APAC region,“ said Professor Greg O’ Grady, co-founder and CEO of Alimetry.

“The most valuable component for us was gaining access to Medtronic’s panel of advisors, who were excellent. They were extremely knowledgeable and provided us with creative advice on the go-to-market strategy in the APAC region.”

Also winning the challenge was digital health innovator, The Clinician, which supports healthcare organisations deliver better outcomes at a lower cost through timely exchange of patient-generated data and educational materials.

“We’re absolutely delighted to be chosen as one of the five companies to collaborate with Medtronic. I want to thank the team at Medtronic that supported us, including our sponsors, in really helping to hone that business case for the final pitch,” said Tamaryn Hankinson, co-founder and managing director, The Clinician.

All five winners from the challenge have the opportunity to collaborate with Medtronic to explore joint commercialisation of products and run commercial pilots for their proposed medtech or digital health product solutions, valued up to US$200,000.

“Congratulations to Alimetry and The Clinician for their achievement. These accolades are testament to the many healthcare technology innovations in ANZ and MAIC is an extension of our commitment to local innovation, that has the potential to go regional,” said Liz Carnabuci, Medtronic Australasia vice president and managing director.

“MAIC provides a unique opportunity for ANZ innovators like Alimetry and The Clinician to tap into Medtronic’s reach in APAC. At Medtronic we believe that no one company can solve the complex healthcare challenges that the world faces. As such, programs such as MAIC pave the way for collaborative innovations that can deliver impactful solutions unique to the region.”

MAIC was launched in October 2021 as an extension of Medtronic Open Innovation Platform – an initiative aligned to Medtronic’s bold new ambition to become the global leader in healthcare technology. Over 320 applications were received from 46 countries of which 10 companies were shortlisted to compete at a virtual challenge finale.

Winners were announced at the inaugural Medtronic APAC Innovation Conference held in Singapore on 16 March 2022. The conference also unveiled a whitepaper titled ‘Asia Pacific’s Healthcare Technologies Ecosystem: Enhancing Start-up and SME success’, written by the Economist Impact.

This first-ever study on the region’s healthcare technology sector involves inputs from 150 executives from startups and business enterprises in APAC. To read the full findings, download the whitepaper here.

Source: The Clinician media release

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