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Our impact

iAccelerate is building a diversified and innovative economy for the future of the Illawarra region, and the Australian economy at large. By combining the world-class resources of the University of Wollongong with entrepreneurs, businesses and investors, our hub of innovation is creating positive impact for our local and global communities.

Supporting innovation

Throughout 2024, we proudly supported 137 startups and scaleups through various initiatives, helping them to grow and thrive within the ecosystem

Driving investment

Our resident companies had a fantastic year in 2024, successfully raising $20.7 million through a combination of equity, debt, and grant funding.

Fueling job growth

Our resident companies employed 401 full-time, part-time and casual workers (as of December 2024), including 97 new roles created.

Boosting the economy

$161.7 million has been injected into the regional economy by our resident companies since 2016, with $29.2 million of that in 2024.

Impact Report

2024 Impact Report

iAccelerate's impact report for 2024 highlights another year of outstanding results where we continue to be a leader in Australia's innovation ecosystem.

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