Five Queensland start-ups accelerate into US medical market

Published:

Five Queensland start-ups specialising in medical technology and therapeutics have touched down in San Francisco, one of the world’s life sciences hot spots, to begin training with the prestigious California Life Sciences Institute (CLSI).

Premier Annastacia Palaszczuk congratulated De Motu Cordis, Ellume Health, Field Orthopaedics, Microba and Zucero Therapeutics for being awarded a fully-funded place in a new start-up acceleration program coordinated by Trade and Investment Queensland (TIQ) and Life Sciences Queensland (LSQ).

“These five companies will receive coaching in market analysis, legal requirements, pitching to investors and finance, and gain access to their own in-market mentor network, accelerating their successful entry into the North American market,” Ms Palaszczuk said.

“The San Francisco Bay Area is the most mature and experienced life-science cluster in the world and offers extraordinary commercialisation expertise and access to capital.

“As well as being home to groundbreaking innovation in synthetic biology, therapeutics, diagnostics, medical devices and biotech, Silicon Valley’s technological know-how makes the region a leader in the convergence of biological and digital health technologies.

“I’m confident it will prove fertile ground for these Queensland innovators to progress their export and investment plans with North American partners.”

Program participant Ellume Health develops digitally connected diagnostics that use smart phones to aid test analysis for common diseases and connect patients to treatment.

Ellume Managing Director Sean Parsons said the company would use the CLSI program to help progress commercialisation of its Ellume.lab line of products in North America.

“Our Ellume.lab product line can be used by clinicians to test for flu, group A strep and respiratory syncytial virus,” Mr Parsons said.

“For us, the CLSI program is all about developing a network and building a commercialisation capability in the USA to accelerate Ellume.lab’s entry into this market.

“It’s a great opportunity for us and I believe it’s a very worthwhile endeavour for the State Government to support companies in this way.”

CLSI’s Executive Director of Innovation Services, Steve Karp, said the program would build participants’ skills and knowledge and create new global connections.

“Our FAST program provides entrepreneurs with coaching to perfect their business model and product-development plans and build a compelling commercialisation strategy,” he said.

“This partnership with TIQ and LSQ will be instrumental in facilitating new investment and collaboration opportunities between California’s world-leading life-sciences sector and the vibrant Queensland cluster.”

The five companies will be in San Francisco from 14-18 October 2019, returning in January 2020. They will also attend the BIO International Convention in San Diego in June 2020.

Each company will cover its own accommodation and travel costs.

Participating companies:

·       De Motu Cordis – innovative medical technologies for rapid drug delivery in emergency care

·       Ellume Health – digital diagnostics

·       Field Orthopaedics – innovative medical devices for orthopaedic applications

·       Microba – gut microbiome testing and analysis

·       Zucero Therapeutics – modified sugar compounds to treat cancer and inflammatory conditions.

Premier and Minister for Trade
The Honourable Annastacia Palaszczuk

 
Business Business & Economy Political Queensland Government Science & Research
Social:   

Annastacia Palaszczuk : Queensland Premier and Minister for Trade :
PO Box 15185, City East, Queensland 4002, Queensland Wide
07 3224 4500
Annastacia Palaszczuk : Queensland Premier and Minister for Trade
Showing 10+ recent articles for this business
Queensland border closed 05 August 2020 | Premier Annastacia Palaszczuk has announced the border with New South Wales will close. More information...
Queensland to ban consular hotel quarantine exemption 04 August 2020 | Premier Annastacia Palaszczuk has announced Queensland will ensure consular and diplomatic staff returning from overseas or from interstate hotspots will go into hotel quarantine. More information...
$150 million to back Qld universities during COVID-19 02 August 2020 | Premier Annastacia Palaszczuk today announced a $150 million rescue package to support Queensland universities impacted by COVID-19 and especially safeguard thousands of jobs in regional Queensland. More information...
Qld COVID-19: Public health priorities and economic progress 31 July 2020 | After a week when 7 new cases were reported, there are 11 active cases, 1066 recovered and a total of 1083 as at July 31. More information...
Queensland puts restrictions on Sydney travellers 29 July 2020 | Queensland has today declared the greater Sydney area a COVID-19 hotspot, following increasing cases across the NSW capital. More information...
Qld COVID-19: Financial support and health protections continue 24 July 2020 | Financial support is continuing for households, health providers and tourism operators, while border and public health protections have again been strengthened this week as part of Queensland’s ongoing plan to... More information...
Whale watching operators supported as part of Qld's economic recovery 23 July 2020 | The Palaszczuk Government will waive the annual commercial whale watching fee as part of a support package for operators who have been affected by the global economic headwinds of COVID-19. More information...
Fund drives more growth for Maryborough truck builder 22 July 2020 | Maryborough-based truck and transport fabricator Allweld Manufacturing is ready to launch into defence and aerospace supply thanks to support from the Queensland Government’s $175 million Jobs and Regional... More information...
New Caloundra South primary school to support more jobs as part of economic recovery 21 July 2020 | The pipeline of school construction jobs will continue on the Sunshine Coast following the announcement of a brand new primary school in Caloundra South to be built by 2022. More information...
State Govt secures Suncorp Super Netball season for Queensland 19 July 2020 | Premier Annastacia Palaszczuk has announced every team and the entire Suncorp Super Netball season will relocate to Queensland for the duration of 2020. More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service