LA Trobe University is again offering support for innovative ideas as part of a program that has been credited by one regional Victorian as a major driver in getting a high-tech medical product into the Indian market.
Associate professor Andrew Stranieri, a Ballarat resident, was successful in the first intake of the university’s accelerator program.
He and fellow entrepreneur, Dr Venki Balasubramanian, then established their company, Anidra Tech Ventures.
A recent public information session at La Trobe’s Bendigo campus saw Mr Stranieri speak about how the program has helped the company grow and develop its first product.
That product – a remote patient monitoring system, which allows medical professionals to monitor their patients’ vital signs from across the room or hospital – in India next month.
Assoc. Prof. Stranieri said he and Dr Balasubramanian joined the accelerator program to nurture their idea into a viable
“We had some idea of what we wanted to do and how we wanted to do it, but the program taught us how to refine all of our assumptions and be more rigorous and professional about it,” he said.
“It was great to be in the workshop spaces with the other teams, realising that we’re all going through the same process – all sort of scared and confused, but getting a buzz. To do that together was enormously satisfying.”
To date, the program has graduated 17 start-ups in 12 months with over $150,000 seed funding awarded.Prgr