Fostering innovation, supporting start-ups
UOW supports entrepreneurial activity across a breadth of sectors and iAccelerate is playing a key role in the surge of entrepreneurs and innovators who are transforming Australia’s economy.
iAccelerate is helping to support start-ups, foster growth and innovation in established companies, and provide pathways for researchers to commercialise their ideas.
Located at the Innovation Campus, iAccelerate is the largest university-led incubator and accelerator in Australia – with over 60 companies in residence in 2019. Support available through iAccelerate was extended in 2018 after federal funding was received to establish the Bega Valley Innovation Hub.
Turning an idea into a product
Verbotics is a company developing automatic robot programming software for welding. Its software creates high quality collision-free welding programs directly from CAD models, avoiding costly manual programming.
Verbotics Technical Director and Co-Founder Andrew Short says iAccelerate helped the company develop the idea into a commercial product.
“iAccelerate has put us through a training program to help us develop from a technology product to a business concept, develop a pitch deck to pitch this to people who aren’t in our industry and give us all the tools we need to become a successful business rather than just a successful research product,” he says.
Story originally posted here.