Brisbane-based medical device pioneer Field Orthopaedics has won international recognition and piqued investor interest at a shark-tank style pitch challenge during the renowned JP Morgan Health Week in San Francisco in January.
Field Orthopaedics was invited to the meeting as part of the Brisbane Economic Development Agency’s MedTech Accelerator – a global readiness program promoting Brisbane products on the world stage.
More than 500 global investors attended the 41st annual event to hear from – and potentially partner with – emerging companies and innovators in healthcare.
Key themes including policy, technology and innovation to investment and financing were on the agenda, which provided a platform for companies to showcase their latest products and services and for attendees to network and engage with other professionals in the field.
Field Orthopaedics participated in the Innovator’s Pitch Challenge at the Redefining Early Stage Investment Conference, where CEO Patryk Kania shared the firm’s creation of innovative surgical screws and nails for treating complex hand fractures.
Mr Kania said it was a significant win at one of the world’s largest healthcare conferences for Field Orthopaedics.
“We’re very honoured to have taken out gold during this year’s JP Morgan Health Week,” Mr Kania said.
“This is a tremendous opportunity for Field Orthopaedics and the future of medical technology, so it’s critical we leverage this global exposure as best we can.
“This means continuing to attract capital, really establishing the company internationally and positioning it well to commercialise our product pipeline.”
Mr Kania added the purpose of Field Orthopaedics’ work was to ultimately improve the lives of people experiencing hand trauma.
“We’re dedicated to identifying gaps in the market and creating innovative solutions to help patients return to function sooner.”
“The support we’ve received from Brisbane Economic Development Agency as a MedTech Accelerator member has been invaluable. We now have a framework for approaching capital raising and have benefitted from exposure and mentorship from both international and local industry leaders.”
“We have big plans for our business, and we hope to serve the community through our market leading technology to advance hand surgery and benefit society.”
Brisbane Lord Mayor Adrian Schrinner said it was fantastic to see home-grown talent making an impact overseas.
“We’re seeing a new wave of innovation roll over the city, with local talent driving advances that could save lives, improve patient outcomes, and make healthcare faster and more convenient,” Schrinner said.
“The outstanding success of our local start-ups, in a competitive global market, is a testament to the quality of the research and development that’s happening here in Brisbane.
“Getting recognised as a leading innovation hub is important for the future of our local economy because it will attract more businesses, create more jobs and help Brisbane get even better.”
Brisbane Economic Development Agency CEO Anthony Ryan said the extraordinary success of the cohort was proof Brisbane is setting the pace for innovation in Australia.
“Brisbane has a long and successful history driving world-class innovation with leaders like Professor Ian Frazer, founder of the Gardasil cancer vaccine, paving the way,” Mr Ryan said.
“We hope these connections result in fresh investment, to help bring these amazing products onto the market sooner, while supporting jobs and better resources to grow this vital industry in Brisbane.”
Founded in 2015, Field Orthopaedics is based in Teneriffe and includes a team of surgeons, engineers, scientists and industry experts designing and delivering innovative orthopaedic solutions.