Fostering biomedical entrepreneurship through training, collaboration and enterprise support.

1. AcceleratingAustralia
Fostering biomedical entrepreneurship
Through training, collaboration and enterprise support
www.acceleratingaustralia.com
MTPConnect.com

2. Biomedical Science
Study of the biological basis
of human structure and
function and the application
of this knowledge to
disease, wellbeing and
society
Spectacles (1249)
Microscope (1590)
Blood transfusions (1656)
Anaesthetics (1800)
Cholera vaccine (1879)
X-rays (1895)
Aspirin (1899)
Penicilline (1928)
Synthesized pharmaceuticals (1935)
Cardiac pacemaker (1950)
Heart transplant (1967)
Cloning (1996)
Cancer vaccine (2006)

3. Biggest problems to solve
36.9M
HIV-AIDS
patients
globally
By 2020, cancer,
cardiovascular
and respiratory
disease to cost
US$4 trillion
46.8M people
with dementia
(2015)
doubling every
20yrs
642M
diabetic
patients by
2040
globally
By 2020
global
healthcare
expenditure
US$8.7trillion

4. Biomedical tech business
Image from Deloitte, 2017, global LifeSciences sector outlook
 Industry of the future
 Ability to change lives

5. Complex development path
1.8% success rate
$2.6B cost1
>15yrs development
1 Tufts center for the study of drug development, DiMasi 2014; “Rediscovering the Sweet Spot in Drug Discovery”, David Brown and Giulio Superti-Furga, Drug Disc.
Today, 8, (23) 106-1077 (Dec. 2003). http://www.bain.com ↩
Safety vs Efficacy
Prof FionaWood “Always
bring your A game”

6. Industry transformation
• Blockbuster Pharma model changing to niche and personalised
• Convergence of sectors (medtech, biologics, pharma, digital)
• Serious disruptive technology
Bring in the
biomedical
entrepreneur!

7. eHealth

8. WA biomedical innovators
2015 Nobel prize, Medicine
Helicobacter pylori

9. WA biomedical innovators
Prof Sue Fletcher and Prof SteveWilton, Perron Institute, Murdoch university

10. Biomedical career
Traditional biomedical career Actual career path

11. Pathway into biomedical
Core expertise:
Biomedical science
Pharmacology
Bioengineering
Medicine
Veterinary
Allied health
Nursing
Data analytics
Software engineers
Lawyers, patent attorneys
Business & commercialisation
Essential attributes
Innovation + Attention to detail
Analytical + Big picture
Passionate + Objective
Emotional intelligence
Agile
Critical thinking
Judgement & decision making
People management
Multidisciplinary team
diligent

12. Australia 2016
$8B in research
$0.3B onTranslation
1st in the world for creativity index
4th in the world for medical research

13. Biomedical culture change
Design thinking Team management Creativity & innovation
Action-orientated Passion for impact

14. AcceleratingAustralia
National cross-sector consortium to boost
biomedical innovation and entrepreneurship
Supported by MTPConnect
Task:
Building future biomedical leadership
Culture change across biomedical innovation ecosystem
How?
Upskilling, linkage and enterprise support

15. 33 members within 12 months
Affiliate members

16. Courses in WA:
Training programs
Key ingredients
Entrepreneurial mindset
Design thinking
Impact orientated
Multidisciplinary team work
Enterprise skills to empower
Deep tech for health

17. Entrepreneurial mindset & CERI
Run at CERI to help academic professionals develop
their own entrepreneurial skills
Based on the Ice House program
……….Which was designed for high schools

18. Icehouse student entrepreneurial program
Qualified facilitators at CERI
CERI is open to working with high schools
Contact: kristen.houston@acceleratingaustralia.com
Carolyn@ceri.org.au (CEO, CERI)
US program-
200Teachers certified
7,404 Students enrolled
37 Campuses participated
269 Groups/Sections offered
97% of teachers rate the program as impactful.
91% of students agreed that through their vision they were
now investing into their future.
82% of parents agreed their child had a stronger focus on
school, a better attitude toward academics, and was more
engaged in his or her studies.
Report available at:
https://elimindset.com/wp-
content/uploads/2017/09/2017-Prepa-
Tec-Ice-House-Student-Success-
Report.pdf

19. Perkins BioDiscovery Centre
• Students work with research-grade equipment and the latest technology
• Aims to inspire, engage and educate the next generation in science and medical
research
• A purpose built PC2 education laboratory allows students to work with the latest
research grade equipment while guided by research scientists.
Year 8: Cells Behaving Badly (cancer cells),
Cells Behaving Brilliantly (stem cells)
Year 9: Diagnosing Diabetes
Year 11: Genetics Toolkit
Year 11: Stem Cells
Year 12: Identifying mutations with PCR
Year 12: Protein Power (using Mass
Spectrometry)

20. Other Perkins Programs
Perkins Profs Academy
• High achieving high school students
spend 2hrs/week at Perkins after
school over 10 weeks
• Offered to years 10-12
• Learning lab techniques, cancer
research, DNA sequencing and
much more
Medical Research Experience @ Perkins
• 3 day experience during school
holidays
• Working beside real scientists to gain
experience in day-to-day research
• Offered to years 10-12
https://www.perkins.org.au/biodiscovery-centre/

21. Thank you for listening!
Get in touch via info@acceleratingaustralia.com
OR talk to us now for more information
www.acceleratingaustralia.com
www.biodesignaustralia.com
LinkedIn Accelerating Australia
MTPConnect.com