HTA Monthly Wrap - June 2021
June 30, 2021

HTA Monthly Wrap - June 2021

Your Journey

TechWeek and Healthtech Week have come and gone, finishing off a busy round of events topped off with several awards for healthtech companies. 

At the same time, strong annual result announcements from the likes of Fisher & Paykel Healthcare and AFT Pharmaceuticals have contributed to an estimated $2.85B in revenues for the NZ healthtech sector in the 2020-21 financial year - massive growth in the past 2 years and part of the discussion in our recent sector update

In this edition of the HealthTech Activator (HTA) Monthly Wrap, we share highlights from Healthtech Week’s Innovation Day, insights from healthtech multinationals, and other news from the healthtech community.


HTA News

Healthtech Week Spotlight: Innovation Day

Innovation Day (22 June), supported by Callaghan Innovation and the HTA, included a busy day of presentations from healthtech leaders across the public and private sphere, with a highlight being a livestream with Sarah Chang, Worldwide Director for Sustainability at Johnson & Johnson.

Greg Shanahan, founder of TIN, also announced a planned 2022 update to the TIN HealthTech Insights Report and provided a peak into recent sector growth. Opportunity and collaboration were a prevailing theme, built on in talks by Ju Zhang of Formus Labs, MTANZ’s Faye Sumner, Diana Siew of the Auckland Bioengineering Institute, and the HTA’s Andrew Clews. 

Throughout the day, a group of healthtech companies participated in a showcase that was open to all - a melting pot of innovation and networking - with the day culminating in a festive Gala Dinner and Awards night.

Congratulations to the following companies and researcher for their awards:   


Tapping into the Multinational Opportunity

Tim McCready, BioPacific Partners

Healthtech is changing with the rapid rise of digital innovation, while multinational corporations continue to look for smaller companies to bolster their innovation pipelines. As tech giants make moves to establish themselves in the healthtech market, Tim McCready speaks with healthtech multinationals about changes in the industry and why they are interested in NZ innovation.


Community Insights 

Hi-Tech Healthtech: 

Winners - NZ Hi-Tech Awards

  • 22% of finalist nominations for the NZ Hi-Tech Awards were for companies and individuals related to healthtech (when excluding the Agritech Solution category).
  • Fisher & Paykel Healthcare and chnnl took the awards for Hi-Tech Company of the Year and Most Innovative Hi-Tech Service respectively.

MitoQ Grows: 

The mission to improve the world’s mitochondria (NBR - paywall)

  • MitoQ, with their antioxidant supplement product based on mitochondrial science, has seen 80% year-on-year growth in China and over $50m in annual sales.

Toku Eyes Raise: 

Toku Eyes raises millions for AI tech that helps stop diabetes, preventable blindness (NZH - paywall)  

  • Toku Eyes raised $3.6 million on the back of software that scans images from fundus (retinal) cameras, supporting cheaper and easier analysis via the cloud.

MedTech Bites: 

May/June newsletter

  • The CMDT and MedTech CoRE are co-developers of the HTA with Callaghan Innovation, and their MedTech Bites newsletter delivers interesting articles discussing developments in the NZ healthtech world.
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