HEMIDEINA IS FEATURED IN THE AGE, SYDNEY MORNING HERALD & CANBERRA TIMES: “Loud and clear: Australian start-ups changing the hearing game”
MELBOURNE, MARCH 25, 2019: Fairfax Media outlets interview Hemideina on trends in the hearing treatment market, and how the Hera Wireless Implant is changing the game for profoundly deaf patients. Read the full article here.
HEMIDEINA RECEIVES FEDERAL GOVERNMENT ACCELERATING COMMERCIALISATION GRANT FOR THE HERA WIRELESS IMPLANT
MELBOURNE, MARCH 4, 2019: Hemideina, a hearing solutions company focussed on the development and commercialisation of the Hera Wireless Implant, announced today that it was awarded an $800,000 grant from Accelerating Commercialisation, under the Australian Government’s Entrepreneurs’ Programme.
The funding will enable Hemideina to strengthen its Intellectual Property portfolio, plan market access pathways, and trial the Hera Wireless Implant device for safety and efficacy.
Dr Elizabeth Williams, CEO and Co-Founder of Hemideina said: “The Accelerating Commercialisation grants are very competitive. Receiving the grant is a significant milestone for Hemideina, and further validates our design capabilities and capacity to disrupt the established hearing implant market with a second-generation alternative.”
Dr Kate Lomas, Co-Founder and Chief Scientific Officer, describing the Company’s patented acoustic technology, said: “We have an opportunity to bring this technology to the market, which should seed further Australian-based technology innovations for people with unmet needs in hearing solutions.”
Andrew Maxwell, Chairman of the Board, said: “The Accelerating Commercialisation program is critical to the success of Australia’s well-respected innovation eco-system. Companies like Hemideina, undertaking early commercialisation of essential products for the global human health sector, urge all levels of government to continue to champion research and development incentives of this kind.
“Accelerating Commercialisation, coupled with the R&D Tax Incentive, are vital for Australia to build companies that will create a sustainable industry and jobs-based innovation in human healthcare. Together, we can be the architects of more Australian success stories by driving competitiveness and economic returns and accelerating sustainable progress with these incentives.”
HEMIDEINA RAISES $1 MILLION IN SERIES A FUNDING FOR CONTINUED DEVELOPMENT OF NEW ACOUSTIC TECHNOLOGY, THE HERA WIRELESS IMPLANT
MELBOURNE, FEBRUARY 19, 2019: Hemideina, a hearing solutions company focussed on the development and commmericalisation of the Hera Wireless Implant, announced today that it successfully raised a Series A investment of $1 million in their first round of equity financing.
The financing will enable Hemideina’s continued research and development of the Hera Wireless Implant in preparation for clinical testing, market development activities and the broadening of the company’s IP portfolio.
Dr Elizabeth Williams, CEO and Co-Founder of Hemideina said: “Our pioneering innovation will significantly disrupt the global hearing implant market by removing current technical barriers to miniaturisation, battery life and sound quality. We’re excited to have investment partners on board that bring global experience in medical devices, strategy and commercialisation to help us achieve our mission. This support will help accelerate our vision of bringing novel technologies to the hearing impaired to vastly improve their lives.”
Dr Kate Lomas, Co-Founder and Chief Technology Officer, invented the Hemideina technology, having taken inspiration from insect hearing. Kate holds a PhD in Biology from Auckland University. Her research has focused on the investigation of insect hearing systems leading to the development of new acoustic technology that will transform hearing implants and the quality of life for the profoundly deaf.
Andrew Maxwell, Managing Director of Chatsworth Associates, will join Hemideina’s Board of Directors as Chairman. He said: “I am excited to be supporting the team with this ground- breaking, Melbourne-based technology. Hemideina has developed unique intellectual property that will challenge the incumbent 40-year old approach to hearing solutions for the profoundly deaf. The global hearing implant market is a large and attractive one, that is currently dominated by Cochlear, Sonova and Med-El.” Mr Maxwell said.
Hemideina also welcomes Dr. Anna Lavelle to the Board as a Non-Executive Director. Dr. Lavelle provides over 25 years’ experience in healthcare delivery, technology development and industry policy for not-for-profit, for profit and government entities. Dr. Lavelle was recently awarded the Johnson and Johnson/AusBiotech “Industry Leader of the Year” and is recognised as one of the global top 100 “World Visionaries” in biotechnology.
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