LuminaX, located in the Gold Coast Health & Knowledge Precinct at Southport, is a two-year-old incubator that has accelerated 21 Australian startups.
The program focuses on healthtech and offers intensive workshops on commercialization, as well as access to venture capital partners and mentors.
Each intake, three startups may receive an offer of equity investment after completing the program.
LuminaX operates within the Cohort Innovation Space and is supported by the Queensland Government, Advance Queensland, City of Gold Coast, and industry partners.
Program director Dren Xërxa previously worked at the Center for Entrepreneurship & Executive Development (CEED) in Washington, DC, where he managed innovation activities and programs across 15 countries.
LuminaX concentrates on the healthtech sector to create a niche ecosystem that encourages collaboration and innovation among startups, industry experts, and mentors.
The program provides mentorship and guidance to address founders’ lack of experience or expertise in certain areas of business development.
Wellifiy founder and CEO Noam Dishon commutes from Melbourne to participate in the workshops and benefit from networking opportunities.
Flintworks, led by creative technologist Pete Martin and clinical neuroscientist Dr. Tia Cummins, focuses on virtual reality therapy for post-traumatic stress disorder (PTSD).
LuminaX participants have the opportunity to pitch their ideas to potential customers, such as Ramsay Healthcare.
Templa, an app developed by Lucie Dawson, combines motivational psychology and personal accountability to assist individuals in transitional periods.
The program offers access to over 40 mentors and coaches who support the next generation of innovators.
LuminaX helps founders build strong networks, access capital opportunities, and overcome the initial challenges of starting a business.
The healthcare focus of LuminaX distinguishes it from other accelerators and provides tailored support for health startups.
Participants in LuminaX find the program to be an eye-opening experience and feel privileged to be part of a supportive and inspiring community.