Sir Ray Avery's Vigil Monitoring - which is developing a wristband that constantly monitors a patient's vitals and uploads the information to the internet - has received funding from Callaghan Innovation to help get the invention to market.
Avery and his team at Vigil are developing the device, which should go through clinical trials in October and is expected to be commercially released in December.
The wristband is designed to collect data including heart rate and body temperature.
This is then uploaded to the internet where it can be accessed anywhere by caregivers, doctors or specialists, including on a smartphone or tablet device.
As it stands, doctors who test patients can only compare the information to what they gathered during a previous visit but 24-hour a day monitoring gives them a more complete picture.
Vigil has now secured $250,000 funding from Callaghan Innovation, the Government research and development body that launched at the start of this year.