Strong heritage, great opportunity: New Zealand's healthtech sector

New Zealand has an impressive heritage when it comes to healthtech innovation, and today healthtech firms rank among some of our most globally successful businesses.

The sector shows significant growth potential. In 2019, healthtech firms accounted for 11% of our top 200 technology businesses and delivered a five-year compound average annual growth rate of 9.1%.

While device makers currently lead the charge, other healthtech categories are showing promise. For example, digital health, as well as diagnostics and therapeutics (including pharmaceuticals), are expanding significantly. 

And New Zealand’s ecosystem of more than 120 healthtech companies is providing a rich pipeline of early-stage innovation and investment opportunities.

A tailored pathway

Healthtech innovation springs from many different sources in Aotearoa – from research scientists and start-ups to mature firms with established markets, and even entrepreneurs with a great idea but limited health industry background.

The HealthTech Activator understands what the journey looks like for a wide range of entrepreneurs and businesses, and what support they will need at the different stages of their respective journeys.

This allows us to tailor a pathway to help you develop your innovation, and wrap services and support around that pathway as required. 
Get in touch to learn more about how we can help.

Contact us

Where to connect – and when

New Zealand’s healthtech ecosystem is diverse and growing, and there is a wide range of organisations and networks that healthtech innovators can tap into for funding and support. But it can be challenging to know what support is out there, and whether you’re eligible to access it.

Here is a snapshot of funding currently available to healthtech innovators. You can learn more about what each organisation offers via the links below.

Download our pdf guide

TEC MedTech CoRE

  • Initiating Collaborative Partnerships
    Up to $10K
  • New Concept Development
    Up to $25K
  • Seed Project
    Up to $62K
  • Accelerating Research Translation
    Up to $100K

MBIE

Endeavour Fund

  • Smart Ideas
    Overall $18M/year
    Proposals $0.4-$1M over 2-3 years
  • Research Programmes
    Overall $38.8M/year
    Proposals over $0.5M/year for 3-5 years

National Science Challenges

  • Overall $680M over 10 years

Partnerships

  • $3.7M/year

Commercialisation Partner Network

PreSeed Accelerators Fund 2019

    A number of other fund available that may be applicable, see MBIE website for details.

    HRC

    A number of other requests for proposals and funding options available, see HRC website for details.

    Callaghan Innovation

    R&D Grants

    Royal Society

    A number of other funds and awards available, see the Royal Society website for eligibility details.

    Other

    Connect now with Scale-Up NZ

    One key platform to sign up with is Scale-Up NZ. Run by Callaghan Innovation, Scale-Up NZ is a virtual networking platform designed to connect the New Zealand innovation ecosystem. Through the platform businesses can find other companies with the expertise, skills and equipment they may need, as well as potential investors.

    Recently Scale-Up NZ added a ‘coronavirus’ tag so businesses on the platform are able to identify themselves as having COVID-19 response capability, making it easy for users to search and find them.

    Visit Scale-up NZ

    Other resources

    Several other organisations offer other types of support, such as training, investment guidance and connections to researchers and other experts. Some useful sites to explore include: