Copy
In this newsletter, we bring you some reflections from the sector over the last 12 months based on the 2017 TIN report. Healthcare (defined here as devices, health IT and pharmaceuticals) is still tracking as the largest secondary high tech sector for NZ. Revenue for 2017 from 22 companies was $1.796B with an increase of $115M from 2016. What must be reassuring for the sector is the strong growth in both our established and emerging companies which is needed for a sustainable healthtech sector in NZ. Double digit growth over the year was achieved by 5 companies in all three areas: devices – Pacific Edge (30%), Metalform (15%); health IT - Atlantis Healthcare (30%), ARANZ Medical (15%) and pharmaceuticals - Douglas Pharmaceuticals (17%). Special mention to Fisher & Paykel Healthcare with its 9.6% growth.

The TIN report also included a section on Maori-owned technology companies for the first time. Of this pool of innovative entities, Whanau Tahi and Navilluso Medical are in the health IT space. A current global trend sees software and gaming studios moving into health through education, training and e-therapy. Metia Interactive, a young Maori gaming studio is an entity to watch in this space with its e-therapy tool for young adults to combat depression and anxiety.

In the “out and about” space, the CMDT recently co-hosted hosted a Technology Innovation and Knowledge Interchange (TIKI) Tour with the Ministry of Health, bringing to the Ministry premises a pop-up showcase of CMDT affiliate and NZHIT partner companies, and MedTech CoRE research groups (see article). We would like to thank our co-hosts, all that participated and visited as these events are a success through you taking time to explore and be curious. Next TIKI Tour is in planning so if interested send us an email from the CMDT contact page.
Finally, we celebrate the key moments in 
medtech industry and research with our annual timeline (click here).
 
    
 
Merry Xmas and safe travels for your holidays
- Diana Siew & Peter Hunter
(Co-chairs) 

New Director of the MedTech CoRE 

A change is taking place with the MedTech CoRE - Deputy Director Merryn Tawhai, University of Auckland is stepping into the Directorship role from January 2018 while Peter Hunter will move to become Deputy Director. We thank Peter for his leadership of the CoRE as Founding Director which in the last three years has made good progress in the areas of the CoRE’s focus around innovation, developing new talent and contributing to sector growth. We look forward to Merryn’s stewardship. Read more here.

Tiki Tour Stops in Wellington 

The TIKI (Technology Innovation and Knowledge Interchange) Tour landed at the Ministry of Health in Wellington in October with a slice of NZ’s MedTech innovation, providing a platform for Ministry employees and stakeholders from MBIE, ACC and TEC to interact with the latest health innovations and research in New Zealand.

The visitors enjoyed interacting with the technologies first-hand a
nd learning more about the active role New Zealand plays in developing health technologies and research. CMDT affiliate and NZHIT partner companies showcased a range of New Zealand grown technologies in rehabilitation (AbleX Healthcare, Rex Bionics and Swibo), patient support and training (Healthpoint, SHI Global, Melon Health and MTech Games), diagnostics (Caldera Health and Pacific Edge) alongside the MedTech CoRE’s Additive Manufacturing, Rehabilitation and Heart and Lung Modelling research groups. Rex Bionics made an impact with a demonstration of their mobility device while Swibo’s interactive rehabilitation game sparked healthy competition among the visitors.

The TIKI Tour continues its journey across the nation in 2018!

 

Spinal injury leads to medtech innovation 

Five years ago Mike Brown broke his back, leaving him with severe spinal injuries and bladder problems. Now he and the rest of the Uri-Go team have developed award-winning medical technology to help those suffering from similar difficulties. Earlier this month Uri-Go won Callaghan Innovation’s 2017 C-Prize technology competition, earning the team support worth $100,000 to develop and market their product.

Uri-Go has created a wearable bladder sensor for people who have difficulties telling if they need to go to the bathroom. This can include those with a spinal cord injury, Parkinson’s disease or numerous other conditions.
“In my case, it can lead to embarrassment, but it also puts me at risk of contracting dangerous infections,” Mike says. “I just dreamt up this idea of a device I could wear that would tell me when my bladder was full. Essentially something that would notify my smartphone.” Callaghan Innovation, the government’s business innovation agency, set up C-Prize to encourage people to push the boundaries of what’s possible through technology, and solve real-world challenges.

This year’s competition focused on wearable technology to improve human performance and wellbeing.
Uri-Go’s next steps involve forming an advisory board, growing their technical team, and strengthening their IP position, all with the aim of attracting further capital.  Medtech featured strongly among the entrants and finalists for the 2017 C-Prize.  Other finalists Migo are helping people manage moods such as anxiety and depression, the Rehabilitation Innovation Team are helping stroke rehabilitation by reading and stimulating brain activity, and Hauraki
are improving communication for people with oral language impairment.
 
Upcoming Events
MedTech Conversations  

Meet like-minded
medtech entrepreneurs and start-ups, share experiences, challenges and solutions at our commercialisation networking event. MedTech Conversations will continue next year from April at 
12:30 - 1:30 pm on third Thursday of the month at Auckland Bioengineering Institute. Email medtechcore@auckland.ac.nz to be added to the invite list.
Save the date for HealthTech Week 2018! 
11- 15 June 2018, Auckland 

HealthTech Week 2018 will once again host a series of events bringing the MedTech community together during the week of 11 June 2018. Keep up to date on the CMDT website
More on Events
Have any feedback, comments or stories to share? Email: 
jyoti.chugh@callaghaninnovation.govt.nz  

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp