CANCERAID FIRST-EVER AUSSIE STARTUP SELECTED FOR PRESTIGIOUS LA-BASED HEALTH TECH ACCELERATOR

In being selected for Cedar-Sinai Medical Centre’s health tech accelerator, CancerAid has become the first-ever Australian startup to participate in the Los Angeles-based, Techstars-powered boot camp.

Founded in August 2015 by doctors Nikhil Pooviah and Raghav Murali-Ganesh from the Chris O’Brien Lifehouse cancer hospital in Sydney, CancerAid is a cancer support app that helps patients and their caregivers navigate through each stage of their cancer experience, receive care remotely and reduce the isolation that comes with a diagnosis. It has become the number one cancer app on the Apple Store in Australia, the UK and the USA, with more than 40,000 users across 24 countries.

In June, the founding team appeared on Channel Ten’s Shark Tank, securing a $500,000 investment from entrepreneurs Andrew Banks and Dr Glen Richards, with more than $1.3 million in capital raised by startup within the last year.

Throughout the three-month Cedar-Sinai accelerator, CancerAid will receive mentoring from the medical centre’s physicians and executive as well as executives from global entrepreneur network Techstars. The startup, which joins nine other participants, will also receive an initial investment of USD $120,000 in exchange for equity and access to Techstars’ worldwide network of investors, mentors, alumni and corporate partners. Read more

James Harkness - Dynamic Business - 3 Oct 2017