Wednesday, 03 October 2018 00:25

Artesian VentureCrowd secures $250k funding grant from LaunchVic

Artesian VentureCrowd secures $250k funding grant from LaunchVic Image courtesy of Sujin Jetkasettakorn at

Investment manager Artesian Venture Partners has secured a $250,000 funding grant from Victoria’s start-up agency, LaunchVic.

Centred around the health start-up sector, LaunchVic’s eighth funding grant round is supporting organisations to provide accelerator and education programs.

The program will see Artesian in collaboration with VentureCrowd, The Actuator, Peak15, HealthTech and Decode System, develop and deliver a range of targeted investor education workshops, webinars and community events.

Events and online sessions will target 500 potential and active angel investors, particularly clinicians, over a two-year period, with a focus on subsectors within HealthTech including MedTech, BioTech, Pharma, Health & Ageing Services and Disability services.

Artesian director of Business Development and Government Relations, Laura Rahn, said its project partners would bring significant expertise within the HealthTech sector in Victoria, as well as contribute to the quality and key sector insights required for an impactful investor education program.

“Artesian has specifically partnered with accelerators and networks within the Victorian HealthTech ecosystem to connect angels to investment ready start-ups. By building a robust network of HealthTech angels, and providing them resources and dealflow for potential investment, we will increase the pool of angel capital in Victoria and ultimately, the amount of funded Victorian HealthTech start-ups.”

Steven Maarbani, executive director of Alternative assets crowdfunding platform VentureCrowd, said VentureCrowd had direct experience connecting investment ready startups to capital and had also worked with angel investor groups to facilitate start-up investment and syndicate formation.

VentureCrowd will support Artesian in sharing early-stage investment knowledge and expertise and has investor education resources ready to contribute to the project’s workshop and webinar content.

“As equity crowdfunding platforms open up the private capital markets, we believe it is essential that this new generation of investor are educated about how to assess and invest in private companies. We are proud to be part of this project with Artesian and giving back to the startup community, through building a pipeline with clinicians and educating investors on how they can invest in HealthTech, and also providing a platform for investors to invest in startups they believe in,” Maarbani said.

“Our involvement in this project aligns with our new “Where Do You Stand” philosophy, collaborating with businesses that have purpose and stand for something.”

The "State of HealthTech – Victoria" report commissioned by LaunchVic found 57% of health start-ups do not know where to go to access the support needed to grow and another 42% do not know how to identify and locate investors.

The report found that, while clinicians have the technical expertise and interest in investing in early stage HealthTech ventures, they may lack an understanding of how to evaluate and invest in start-ups.

Clinicians based in Victoria will be specifically targeted as part of this project, to participate in investor education workshops, webinars and events.


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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).



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