LuminaX unveils its 2024 cohort, featuring new HealthTech innovations.

by | Apr 7, 2024 | Accelerator, Media, News

From evidence-based psychological therapies to digitally-enabled rehabilitation technology, personalised medicine and preventative healthcare are the key impact themes for the 2024 LuminaX cohort.

After drawing national interest, LX Health is excited to announce 11 innovative healthtech startups have been accepted into the 2024 LuminaX HealthTech Accelerator.

Now in its fourth year, the program is supported by Major Partners: Economic Development Queensland, the City of Gold Coast, and QIC, alongside Industry Partners: Griffith University, Mater Hospital, QLD AI Hub, and IntelliHQ.

Presenting as its biggest cohort since launching in 2020, LX Health will welcome 24 founders to Cohort Innovation Space located on the Gold Coast to take part in Australia’s leading early-stage health accelerator program.

Backed by the Queensland Venture Capital Development Fund (VCDF) program, participants will have a unique opportunity to connect with some of the largest VC funds and investors in Australia.

Throughout the 14 week program founders will be provided with coaching, mentorship, founder-led workshops and the partnership opportunities they need to succeed. Notably, the number of LuminaX mentors has grown 30% since 2023 with additional areas of expertise added across global expansion, G2M, software development, investment and data analysis.

LX Health Director Dren Xerxa said the interest and variety of startup applications received this year shows the significant growth of Australia’s healthtech and medtech sectors.

“The program has gone from strength to strength. Year on year, seeing the number of quality submissions from around Australia and the keen interest from industry experts to be involved in the program really highlights the quality program that LX has to offer.”

Dr. Bee Lim, founder of BeTuned and 2024 LuminaX participant expressed her enthusiasm to get started on this next stage in her entrepreneurial journey.

“Being accepted into the LuminaX Accelerator is a significant milestone for us at BeTuned. We’re particularly excited about engaging weekly with mentors and coaches in residence, immersing ourselves in clinical research, and navigating the complexities of regulation and commercialisation with expert support,” Dr Lim said.

“This wonderful opportunity not only aligns with our mission to enhance mental health inclusivity through technology but also propels us closer to our vision of creating accessible, effective, and scalable mental health solutions.”

The 11 startups selected for the 2024 LuminaX HealthTech Accelerator:

3P Healthcare: a low-cost, non-invasive platform that markedly improves cardiovascular risk assessment by focusing on root-cause issues, not just symptoms.

BeTuned: revolutionises mental health care by blending evidence-based psychological therapies with immersive game mechanics, creating accessible and engaging therapeutic experiences.

BioSpine: a Griffith University-led research project providing a digitally-enabled rehabilitation technology aimed at restoring movement and sensation in individuals with a spinal cord injury.

Dala Health: a platform designed to foster wellbeing, featuring a personal wellbeing coach in everyone’s pocket.

Umami: a nutrition planning and client management platform for health professionals.

IPCIUM: enables participants to adopt positive health behaviours and live longer, healthier, and more productive lives through a unique service offering.

Neo eX: a platform that delivers a common interface for the integration, gamification, and analytics of consumer wearables.

Bloody Good Test: improves preventative healthcare by providing an innovative, convenient, and trusted blood testing service platform.

STAT: is creating a new healthcare funding source by harnessing the billion-dollar medical advertising market with purpose and technology.

Harmonic: a team culture tool to access dynamic insights on workstyles, psychological safety, work meaningfulness, and employee wellbeing.

Chatstat: an AI platform that proactively safeguards youth mental health through active monitoring and analysis of their public social media content.

For the first time, the general public will have the opportunity to attend LuminaX Demo Night in July, which was previously an invite-only event.