3 deals
Government · 2 deals
NSW Health Medical Devices Fund
Disclosed deals
Every published round NSW Health Medical Devices Fund took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| EMVision Medical Devices | Grant | 14 Nov 2022 | $2.5m | Lead | @AuManufacturing (5 Dec 2022), @AuManufacturing (14 Nov 2022) | |
| Elastagen Pty Ltd | Grant | 1 Aug 2013 | $4.5m | Participant | GBS Ventures (7 Feb 2018), GBS Ventures (1 Aug 2013) |
Portfolio
Companies NSW Health Medical Devices Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Elastagen Pty Ltd | Develops medical devices for skin diseases, tissue repair and skin rejuvenation using syn… | 1 Aug 2013, Grant | 1 | 0 |
| EMVision Medical Devices | 14 Nov 2022, Grant | 1 | 1 |
Funds
Fund closes reported for NSW Health Medical Devices Fund, as distinct from the investments it has made.
Portfolio companies acquired
Companies NSW Health Medical Devices Fund has backed that another company then bought. An exit for the holding, not a deal NSW Health Medical Devices Fund did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| Elastagen Pty Ltd | Allergan plc | Acquisition | 7 Feb 2018 | US$95m (A$122m) |
People
Coverage
Stories naming NSW Health Medical Devices Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Funding announcement
Medtech innovator explains the rush to save brains
Podcast profile in which EMVision chief Scott Kirkland discusses the company's portable bedside brain scanner for stroke, its origins in Queensland research, grant backing, and plans for 2024 trials and a second device.
6 deals
Manufacturing news briefs — stories you might have missed
Roundup of Australian manufacturing items: EMVision collects grant money, Anduril completes a large Series E, Adherium receives a tax incentive payment, Tindo Solar's sales double, and Glaciem wins a New York clean energy program place.
Also Forbes Australia
Grant
$2.5m
Stroke imaging poised for big leap forward
EMVision has delivered its first portable brain scanner to a Sydney hospital for stroke trials and won a $2.5 million NSW grant, while ASA-funded Micro-X advances its rival ambulance imaging technology.
Grant
$2.5m
Manufacturing news briefs – stories you might have missed
News roundup: EMVision receives a $2.5 million NSW medical devices grant, ADDE appoints a liquidator, DroneShield wins an order, SciDev and Q-CTRL name executives, and ReNu Energy signs a non-binding term sheet with HESTA.
Also @AuManufacturing
2 deals
Elastagen and Endoluminal Sciences secure $4.5m funding from NSW Health Medical Devices Fund
Two medical technology companies, Elastagen and Endoluminal Sciences, together received $4.5 million from the NSW Government's Medical Devices Fund, a competitive program backing local medical device development and commercialisation.
Also GBS Ventures