Newcastle Permanent Innovation Accelerator Program

Run by Hunter Medical Research Institute (HMRI).

The Hunter Medical Research Institute runs this 12-week accelerator in Newcastle for health and biotech researchers, curated around each participant's own innovation. Each participant receives AUD 20,000 in seed funding, and one is selected after Demo Day for a further AUD 200,000 award. No equity terms appear anywhere on the programme's page; the money is framed as seed funding and a competitive award rather than an investment.

Investment

A$20,000 (Below East Asia & Pacific median $69k · Below global median $61.3k)

Equity taken

Not disclosed

Duration

12 weeks (Shorter than East Asia & Pacific median 15 wks · Shorter than global median 20 wks)

Format

Not disclosed

Cadence

annual

Location

Newcastle, Australia

Sectors

• Health Tech
• Biotech

How to apply

Official website

This programme has notes explaining its undisclosed figures, available in the full dataset.

Sources

Every figure above is taken from these pages, published by the programme or its parent organisation.

• https://hmri.org.au/accelerator/ read 2026-09-10 — supports organization, city, cheque amount, cheque currency, cheque note, equity note, duration weeks, duration note, batch cadence, sectors, application url, website

Other accelerators in Newcastle

• I2N Cleantech Accelerator

Last verified 2026-09-10.