76 - Australian HealthTech Venture Capital Panel Discussion - Niki Scevak (Blackbird Ventures), Dan Krasnostein (Square Peg Capital), Jackie Vullinghs (AirTree Ventures)
Nov 2, 2020
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Niki Scevak, Dan Krasnostein, and Jackie Vullinghs discuss the role of Venture Capital in healthcare, differentiating healthtech from life science, marketing strategies, fundraising challenges in 2020, investment opportunities, and advice for founders. The live webinar had interactive sessions with over 100 attendees.
Venture capital plays a critical role in the healthcare ecosystem, supporting innovative health tech companies.
Startups should focus on originality and ambition to attract venture capital interest and build a strong team.
Balancing innovation with compliance is essential for health tech startups to navigate changing regulations and drive product development.
Deep dives
Focus on Australian Investment Community and Health Tech Solutions
Investors are increasingly interested in health tech solutions leading into 2020, creating opportunities for innovation. The use of technology in healthcare is now pivotal for enhanced patient outcomes, becoming a crucial aspect in Australia and globally.
Venture Capital Insights on Health Tech in Australia
Panel discussion with top venture capital firms in Australia, featuring representatives from Blackbird Ventures, SquarePig Capital, and AirTree Ventures. Emphasis on investing in health tech companies, especially those leveraging artificial intelligence and exploring innovative solutions in healthcare and beyond.
Investment Focus on Original Ideas and Startups' Ambition
Venture capitalists prioritize originality and ambition in startup ideas rather than conforming to templates. Encouragement for founders to aim high, share ideas widely, and focus on building a strong, passionate team to attract interest and support.
Navigating Regulatory Compliance and Strategic Innovation in Health Tech
Health tech startups advised to strategically approach changing regulations by balancing innovation with compliance. Opportunities exist for utilizing advanced technologies such as AI in healthcare to streamline regulatory processes and enhance product development.
Engaging Venture Capital: Emphasis on Team Building and Long-Term Partnerships
Importance of strong founding teams highlighted in early-stage startups, with long-term investment partnerships as key strategies. Founders encouraged to seek venture capital support early on, valuing alignment with investors and fostering a culture of collaboration and strategic growth.
Leading into 2020, there was already strong interest from the Australian investment community regarding healthtech solutions. Now moving into our new normal world, the use of technology in delivering better patient outcomes is no longer a novel idea, it's mission critical for Australia, and the rest of the world.
In this episode of the Talking HealthTech podcast, Peter Birch hosts a panel discussion with representatives from 3 top Venture Capital firms in Australia, who all have experience and interest in investing in health technology:
- Niki Scevak: Co-Founder & Partner @Blackbird Ventures
- Dan Krasnostein: Partner @Square Peg Capital
- Jackie Vullinghs: Principal @AirTree Ventures
Some of the topics discussed and questions answered:
The Role Of Venture Capital In the healthcare ecosystem
Differentiating pure healthtech versus life science-based companies
Marketing healthtech products - avoiding common mistakes
At what pace should healthtech companies generate investments & sales?
How challenging has raising funds for a healthtech company been in 2020?
What investment opportunities do venture capitals consider?
Advice for founders seeing investment
This episode was recorded as a live webinar, with over 100 attendees attending live who interacted in the session with chat, Q&A, and polls.
Check out the episode and full show notes here.
To see the latest information, news, events and jobs on offer at AirTree, Blackbird, and Square Peg, visit their Talking HealthTech Directory listings.
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