Startups

Bionics Institute
Fitzroy, Melbourne, Victoria, Australia
The Bionics Institute of Australia is an independent Australian medical research charity founded in 1986 by cochlear-implant pioneer Professor Graeme Clark, originally as the Bionic Ear Institute. The Australian Business Register identifies ABN 56 006 580 883 and legal entity type Australian Public Company; this legal designation does not establish a stock-exchange listing. It has been registered with the Australian Charities and Not-for-profits Commission since 3 December 2012. Based at St Vincent’s Hospital Melbourne in Fitzroy, it combines neuroscience, biomedical engineering, preclinical research and clinical collaboration to develop devices and therapies. Its published programs cover hearing and vision, brain disorders, movement and balance, autoimmune disease and chronic conditions. Research includes vagus nerve stimulation, optogenetic and electrical neuromodulation, personalised transcranial magnetic stimulation, implantable epilepsy monitoring, infant hearing assessment, objective tinnitus measurement, and wearable or extended-reality neurological diagnostics. These programs span research, preclinical development and clinical trials; regulatory approval of a spin-off product does not establish approval of every Institute technology. The current public directory names 60 board members, executives, researchers, capability and support leaders, and clinical collaborators. Current news additionally names XR researcher Hamish MacDougall and epilepsy ambassador Neil Balme. Phil Binns is the current board chair, supported by deputy chair Hannah Crawford; former chair John Stanhope is recorded historically. Committee memberships are qualified by their annual-report or news publication, rather than assumed continuing employment. The Institute commercialises research through spin-off equity and contracts alongside philanthropic support, competitive government grants and charitable research loans. Its 2023–24 report explicitly identifies equity in Epi-Minder, DBS Tech, Neo-Bionica, NIRGenie, Bionic Vision Technologies and PolyActiva. Neo-Bionica ownership is recorded with undisclosed stake, price and date, separate from Breakthrough Victoria’s convertible note and government grants. A specific Helmsley grant of USD 3,189,010 awarded 9 July 2024 supports adaptive vagus nerve stimulation for Crohn’s disease over 36 months; the Institute’s rounded USD 3.2 million/AUD 4.8 million announcement represents the same award. Grant awards, annual fundraising totals and its internal incubator program are not private venture fund closes or cumulative equity rounds.
Founded 1986

























































