Earlier in the month, it was reported that biotech and equity crowdfunding could become a powerful combination to assist in helping researchers get the initial funding needed to take their experiments to the testing level. The overall healthcare sector, of which biotech is part of, however remains a small portion of crowdfunded deals.
Aiming to help grow this field, Australian business advisory firm, Altezza Partners is launching Healthfundr Australia. The crowdfunding platform aims to match accredited investors with healthcare related firms seeking funds. As part of their service, Healthfundr will be providing firms with assistance in marketing their firms, including development of pitch videos and financial reports.
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Speaking to Andrew Sadauskas of StartupSmart, John Driscoll of Altezza Partners explained that the creation of Healthfundr was based on viewing a lot of demand in the healthcare sector in local Australian meetups. Driscoll added that after attending various meetups, it led Altezza to create the Brisbane health-tech meetup group which has grown to 350 members.
Driscoll explained that the experiences with the meetups led them to realize there was a funding gap to investing in the healthcare sector, as he stated to StartupSmart, “So a lot of businesses have a common issue with funding, and there’s no platform for the health-tech space. There’s nothing to link health, medical and pharma researchers, on the one hand, with funders, incubators and corporates.”
To fill that gap, Healthfundr was born. Initially open to accredited investors, based on the passing of crowdfunding legislation in Australia, the platform could become available to retail investors.