ANDHealth issues $9M in digital health funding, reveals 'alarming' funding gap strangling $45B industry

▤ Summary

ANDHealth released FY2026 survey data and awarded up to $9M through its ANDHealth+ program to a cohort of startups, attracting a record increase in applications. The survey found 92% of digital and connected health SMEs plan to raise growth capital in the next 12 months while 86% cite access to capital as a top-five challenge and 51% name it their single biggest barrier. Funding scarcity is driving defensive actions—46% are raising capital for survival, 21% have laid off staff, and 17% paused expansion plans. Companies called for dedicated digital health investment funds, procurement reform, and a tailored reimbursement framework to help innovations scale and remain based in Australia.

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