The surgical model developer, based on research at German Sport University College and University Hospital of Cologne, will use the cash to enter North American and Asian markets.

University of Arizona will partner National Autonomous University of Mexico and Ben-Gurion University of the Negev, two research institutions with similar climates and ambitions.

The Columbia University spinout has received funding to build prototype wireless communication chips with better capacity for data transfer.

The position will involve exploring commercialisation opportunities from government-owned research agency Commonwealth Scientific and Industrial Research Organisation (CSIRO)