fbpx

FAQ – LuminaX Accelerator Program

What is considered HealthTech?

HealthTech refers to the use of technology (databases, applications, mobiles, wearables) to improve the delivery, payment, and/or consumption of patient and health care, with the ability to increase the development and commercialisation of medicinal products.

I’m in Health but not in Tech, can I apply?

Yes, any startup in health can apply including bio or medical devices.

What is considered early-stage startup?

We define a startup as a new business founded by one or more entrepreneurs that use technology to develop a unique product or service and bring it to market.

To be considered an early-stage startup, you must have passed the ideation phase, have developed an MVP, or have an early product. It does not matter if your startup is 5 years old, or 5 weeks old, providing you have validated your idea.

I have a great idea but have not progressed it any further. Should I apply?

To be eligible for the LuminaX Accelerator, the startup or entrepreneur (at the time of submitting the application) must have validated their idea in some way through either an user demand, MVP, or existing product.

We strongly encourage to apply as every idea or product is unique.

What’s the commitment?

Successful applicants will be required to make 90% of the in-person workshops and mentoring sessions.
Plus it is mandatory to be present for the Demo Night (25 July)

Are there Upcoming Info Sessions?

Yes! In February 2024 we’ll be making our way to Brisbane, Melbourne, and Sydney!

  • Thurs Brisbane, 8 Feb 4pm The Precinct
  • Thurs Melbourne, 15 Feb 4pm at Stone & Chalk, Startup Hub
  • Thurs Sydney, 22 Feb 4pm Cicada Innovations

Register to join one here!

 

What's the fee?

The 2024 LuminaX HealthTech Accelerator is FREE 😍 The program is fully funded thanks to our partners.

Key dates?
  • Mon 29 January: Applications Launch
  • Mon 11 March: Applications Close
  • Tues 12 – Fri 29 March: Applications Selection
  • Mon 8 April – Startups Announced
  • Mon 15 April: Program Starts
  • Thurs 25 July: Demo Night

Launch Events – AMA

  • Thurs Brisbane, 8 Feb, The Precinct (QLD AI Hub)
  • Thurs Melbourne, 15 Feb, at Stone & Chalk, Melbourne Startup Hub
  • Thurs Sydney, 22 Feb, Cicada Innovations
Do you take equity?

Nope! We do not take any equity from startups that are participating in the 2024 program.

However there is an opportunity for investment of up to 300k for selected startups.

How many founders can participate?

Up to two (2) founders from each startup can participate in LuminaX during the 14- week program.

Where is the program located?

Australia’s leading HealthTech program is located on the Gold Coast Health & Knowledge Precinct and operates out of Cohort Innovation Space.

Visit: www.cohortspace.com.au

I'm not from QLD can I apply?

Yes! Half of the cohorts in the past have been interstate companies so we strongly encourage you to apply!

Is there a Travel Allowance?

Those that live interstate will receive a $4,000 travel allowance to cover flights, travel and accommodation.