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

MedTech CoRE

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

Royal Society

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

HRC

A number of other RFPs and funding options are periodically available – see HRC website for detailed funding calendar.

Callaghan Innovation

R&D Grants

MBIE

Endeavour Fund

  • Smart Ideas
    Overall $18M/year
    Proposals $0.4-$1M over 2-3 years
  • Research Programmes
    Overall $39M/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 (2019)

PreSeed Accelerators Fund 2019

    A number of other funds available that may be applicable – see MBIE website for 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

    Find out more

    The type of support you need for your health tech innovation will vary depending on whether you’re a seasoned entrepreneur, an established business or an innovator new to the field. To help you pinpoint the specific support you need to launch and grow your health tech innovation, we’ve rounded up a series of reports, articles and resources geared at a range of business types and stages.

    Articles, commentary and blogs

    Commentary

    New Zealand medtech in action

    MTANZ
    DownloadRead More
    Commentary

    4 key trends for medtech in 2021

    MedTech Dive, January 2021
    DownloadRead More
    Commentary

    GlobalData : 10 key pharma themes reveal that COVID-19, remote patient monitoring and drug pricing and reimbursement to have greatest impact on industry in 2021

    MarketScreener, February 2021
    DownloadRead More
    Commentary

    Health care modernization in 2021

    Deloitte
    DownloadRead More
    Commentary

    Moving digital health forward: Lessons on business building

    McKinsey, January 2021
    DownloadRead More
    Commentary

    Pharma and AI: 2021 and beyond

    Pharmaceutical Executive, December 2020
    DownloadRead More
    Commentary

    Top health industry issues in 2021

    PwC
    DownloadRead More
    Commentary

    AI in healthcare: Early stage with steady march to maturity

    IDC, November 2020
    DownloadRead More
    Commentary

    AI in healthcare

    Optum, 2020
    DownloadRead More
    Article

    When entrepreneurship meets healthcare: Lessons in playing the long game

    Forbes, December 2020
    DownloadRead More
    Article

    New Zealand billion-dollar medical device sector resilient and inventive in triple emergencies

    Scoop, November 2020
    DownloadRead More
    Article

    Biotechnology in New Zealand 2020 - Ecosystem map

    BioTech New Zealand, November 2020
    DownloadRead More
    Article

    Aotearoa New Zealand boosted by BioTech, Innovating for a sustainable future

    BioTech New Zealand, November 2020
    DownloadRead More
    Commentary

    State of healthcare Q3’20 report: Sector and investment trends to watch

    CBINSIGHTS, 2020
    DownloadRead More
    Commentary

    Healthcare AI trends to watch

    CBINSIGHTS, 2020
    DownloadRead More
    Commentary

    State of healthcare Q4’20 preview: Investment trends to watch

    CBINSIGHTS, 2020
    DownloadRead More
    Commentary

    Evaluate Vantage 2021 preview: High hopes for the coming year

    Evaluate, 2020
    DownloadRead More

    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: