Applications are now open!

UNSW Founders and The George Institute for Global Health have partnered to deliver a unique national program accelerating the business growth of startups developing affordable and scalable solutions for major health challenges, particularly the growing burden of non-communicable diseases (NCDs) and injury in underserved populations. 

Health 10x 2021 Highlights Video

Health 10x is a unique accelerator program designed and delivered by the University of New South Wales (UNSW) in partnership with The George Institute for Global Health (TGI). This partnership allows participants to leverage the global health expertise of TGI, and the entrepreneurial experience and global networks of UNSW’s Founders team.  

Health 10x startups will receive entrepreneurship education and coaching tailored to their level of business development, along with dedicated health modules delivered by subject matter experts from TGI.   

The program will run in conjunction with the 10x Accelerator (for industry agnostic teams). 

Professor Ian Jacobs on "Why Health 10x"

Health 10x is a two-phase program (Pre-Accelerator and Accelerator).  

All teams accepted into Health 10x will participate in the 5-week Health 10x Pre-Accelerator, and up to 6 teams will be selected to advance to the 10-week Health 10x Accelerator. 

All program participants will benefit from: 

  • Accelerated startup education from leading industry experts and founders 

  • Dedicated HealthTech commercialisation modules, including ‘Clinical Trials’ and ‘Health Economics’ and others, developed by TGI and delivered by key opinion leaders in the field 

  • Practical advice and coaching 

  • Validation of your business idea, solution or research application 

  • The opportunity to build, refine or scale your business model and become investment ready  

  • Networking and peer- to- peer support to build your confidence and networks 

  • Access to UNSW pool of talent: interns and study placements 

  • Access to UNSW world-class network of makerspaces  to ideate and prototype being guided/supported by the dedicated UNSW prototyping coaches 

  • Access to UNSW Founders Perks up to the value of $1M 

  • Access to a pool of $15,000 in program prizes

If you are accepted into the Health 10x Accelerator, you’ll also receive:   

  • $20,000 seed funding as a SAFE agreement (meet startups who received the investment here)

  • 10 weeks of accelerated learning from industry and startup experts via workshops, mentoring and collaborative activities 

  • Access to the Health10x global mentorship program: Meet Health 10x cohort #2 2020 mentors here 

  • Weekly 1:1 meetings with our Entrepreneur-in-Residence 

  • An opportunity to participate in a series of digital events with key health innovation stakeholders in Australia, India and America 

  • UNSW Founders Alumni Program: Access to a co-working space with UNSW Founders in Residence for 6 months after the program, ongoing mentorship & coaching, networking and educational events 

  • An opportunity to pitch your startup to investors at the Health 10x Demo Night – Watch the 2020 Health 10x 2020 Demo Night here

  • Access to R&D expertise – UNSW staff, students (HDR and UG) and facilities 

  • Ongoing media and PR support

  • Founders and co-founders of startups whose product or service addresses non-communicable diseases or injury and can be applied in underserved markets.   

  • Founders focused on making a social impact.  

  • Founders who want to become more resilient, learn how to build traction and scale   

  • Founders who want to participate in an intensive modular program. Each week you’ll learn new startup frameworks to practice and implement.   

  • Founders keen to access UNSW’s and TGI's outstanding network of founders, alumni and mentors with domain expertise. 

  • If this sounds like you but you aren’t specifically health focused please check out our Founders 10x Accelerator program

  • You are a founder or co-founder of a currently operating startup

  • You have a proof of concept, prototype or MVP  

  • You have  some market validation through customer take- up or engagement 

  • You can commit to participating in the program for the full 15 weeks (1 day per week in the 5 week Pre-Accelerator Program and approximately 12 hours per week during the 10 week Accelerator phase)  

  • You have an Australian registered company (Pty Ltd) to enter the accelerator phase of the program 

  • You are prepared to sign the Founders’ Pledge to give back to the UNSW Entrepreneurship community 

  • Applications open 3 February 2021 

  • Info Night 17 March 2021  

  • Applications close 12 April 2021  

  • Selected teams notified 26 April 2021  

Health 10x Pre-Accelerator  

  • Program commences 5 May 2021  

  • Program concludes 3 June 2021 

Health 10x Accelerator  

  • Program selection interviews for 10 teams 17 or 18 June 2021 

  • Program commences with Bootcamp 8-9 July 2021 

  • Program concludes 17 September 2021 

  • Demo Night 13 October 2021 (TBC) 

Health 10x Program Stats
Health 10x Program Stats

Please meet Health 10x Accelerator participants 2019-2020 here

Health 10x 2020 Portfolio Overview

A SAFE note, or a Simple Agreement for Future Equity, is an agreement for an investor to make a cash investment into a company in return for shares at a later date in connection with a specific event 

  • Example events include: exit sales, IPO or funding rounds  

  • SAFE is not a debt instrument and is intended to be an alternative to convertible notes. 

How it works 

  • Investor and investee company agree on a valuation cap and/or a discount rate 

  • Investor pays company investment amount 

  • •Outstanding SAFE is referenced on the company’s capitalisation table like any other convertible securities 

  • At triggering event, cash investment is converted into equity 

Who uses it 

  • SAFE notes are intended for investment into very early-stage companies as they allow for investment before the valuation of the company is set 

  • It is also a tool for investors to use to invest in a company quickly, closing a deal where there is high funding competition and the investor does not wish to wait for the valuation price to be negotiated and finalised, especially where there are multiple investors in a funding round. This use is more common in the US than Australia.

Please contact the Health 10x Program Managers: Dina Titkova (UNSW Founders) and Vesna Todorovski (The George Institute)