Digital health firms pulled back on expansionary activities last financial year as “economic headwinds” made it harder to access capital, according to a new industry sentiment report by commercialisation body ANDHealth.
To be released on Wednesday, the report also highlighted that a lack of specialised digital health investors in Australia and access to capital are considered by digital health firms to be the biggest impediments to commercialisation and scale.
The report also outlines a pivot away from venture capital and towards firms receiving their funding through grants, angel investors, or high-net worth individuals.
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