Company News.

2017 Building Better Futures for Health Challenge Winner Announced

Navbit Pty Ltd takes home a double win at the 2017 Building Better Futures for Health Challenge, an event presented by ide Group as part of the this year’s Vivid Ideas Exchange.

ide Group is pleased to announce Navbit Pty Ltd (Navbit) has won the grand prize and the People’s Choice Award at this year’s Building Better Futures for Health Challenge.

The final event took place at Sydney’s Museum of Contemporary Art Australia and was the culmination of a four month campaign led by ide Group to find and invest in Australia’s best health innovations. 

Opened by Managing Director of ide Group, George Sidis and facilitated by keynote speaker and master of ceremonies, Michael McQueen, the final event saw four finalists pitching their ideas to leaders from across Australia’s health technology landscape.

Keynote speaker, Michael McQueen

This year’s judges included Anne O’Neill, Director of NSW Office for Health and Medical Research, Ministry of Health, Mick Brooks, R&D Manager for Imaxeon Pty Ltd, Dr Alan Taylor, Executive Chairman of Clarity Pharmaceuticals, and John Kelly, CEO of Atomo Diagnostics.

This year’s winner is a start-up led by Professor Bill Walter (orthopaedic surgeon) and Lynette Walter, which aims to improve health outcomes for patients undergoing hip replacement surgery.

Professor Bill Walter, Navbit Holdings Pty Ltd

Navbit’s Hipbit surgical navigation technology provides guidance to orthopaedic surgeons to achieve accurate position of artificial hip components during joint replacement surgery.

It is the first fully disposable surgical navigation system in the world, with benefits for patients, surgeons, implant companies, hospitals and healthcare systems.

In addition to the $25,000 grand prize, Navbit also took home the People’s Choice Award, $5,000 worth of product design, development and commercialisation support from ide Group, after a record number of attendees cast their vote during the event.

Navbit plans to use the $30,000 worth of ide Group expertise to further develop their beta-prototype for testing in sterile operating environments.

While Navbit took home both awards, each of the finalists put up a good fight with top quality pitches and strong ideas. The three other finalists included Nutritech Holdings Pty Ltd, developers of body composition measurement technology to help address the obesity epidemic and the subsequent diseases caused,

Professor Heather Jeffrey and Sam Houston, Nutritech Pty Ltd

BioAnalytics Pty Ltd, developers of a low cost treatment for sleep apnoea for patients who cannot use existing solutions, 

Owen Morgan, BioAnalytics Holdings Pty Ltd

and Generation Exchange, developers of a service that connects skilled elders with students as a way to celebrate elders as a resource and increase quality of life. 

Charlotte Rose Mellis, Generation Exchange

ide Group would like to thank  all who entered this year's challenge. We received a record number of high quality entries and we look forward to enabling  this year's entrants' hopes to make a difference to people's health.

We would also like to thank all who attended and each one of this year's judges for their ongoing commitment and support.  We look forward to hosting the Building Better Futures for Health Challenge in 2018.

View photographs from the event here.

Stay on top of ide Group news and events; follow us on LinkedIn, Facebook and Twitter

About ide Group

ide Group creates meaningful products that change lives, grow new organisations and build better futures. Together, ide partners with like-minded organisations and invests in new technologies to create new businesses around intellectual property. Since 2003, ide has grown over 70 organisations and realised over 250 projects across the medical technology landscape, including respiratory care, drug delivery, radiology, radiotherapy and point of care diagnostics. Driven by the hope to make a difference, ide helps bring complex projects to life through selflessness, creativity, discipline and grit.

Media contact:

Erin Evanochko
+61 2 9647 2660
Design by twolanes creative