This new accelerator programme will receive applications from
budding or established startups and entrepreneurs, who will have the opportunity to participate in a hackathon, and pitch ideas and concepts for innovating the health sector, to a panel of health professionals, investors and industry experts.
Combining Spacecubed’s extensive experience in managing innovation programmes and working alongside the WA startup community, with HBF’s health industry expertise; HBF Activate will take three concepts from ideas stage, to receiving $30,000 of seed investment and develop market ready health innovations and products. The accelerator will run for a ten week period based at Spacecubed, and in return for their investment, HBF will hold a 6% equity stake in the ideas come startups, innovating the health sector.
“The opportunities in health are aplenty, and our focus at HBF is on improving our members’ health, happiness and their overall experience with us. If we can harness new technology to do this, then we’re serious about investing in this area,” Mr Bransby continued.
Perth’s newest accelerator will be based on the following two objectives:
To access new ideas, delivering better products and services to the health sector
To support Australian entrepreneurs to get their ideas to prototype and into the market
Providing new ideas and innovations the support they need to grow and enter competitive markets, HBF and Spacecubed are confident the programme will bring real change to the health sector.
“As the WA startup ecosystem continues to rapidly grow, Spacecubed has been looking at more agile ways to support entrepreneurs to take their ideas and passion to the market,” Spacecubed Managing Director, Brodie McCulloch said.
A Shared Vision
With more than 1 million members, it’s HBF’s vision to create a community where members are renowned for being healthier and happier people.
“We’re very excited to be partnering with HBF to support entrepreneurs developing health technology for a healthier Australia. As two organisations with a strong focus on the experience of our members, it’s a partnership that makes sense, not just for Spacecubed, but for our members, and the broader startup community,” Brodie McCulloch highlighted, drawing upon the shared vision between Spacecubed and HBF.
“Solutions discovered through this programme could be life-changing, and together with Spacecubed, we’re proud to be giving those ideas the oxygen they need to grow and make a real difference to people’s health,” Mr Bransby concluded.