Impact of iAccelerate
Economic impact
iAccelerate's impact report for 2022 highlights another year of outstanding results where we continue to be a leader in Australia's innovation ecosystem.
Combining world-class resources of the University of Wollongong with entrepreneurs, businesses and investors our expertise and strengths are creating positive impact in our local and global communities.
Supporting innovative companies
By the end of 2022 iAccelerate has supported 316 companies in total.
With 2 intakes in 2022, iAccelerate supported 24 new companies through the program.
Supporting innovative companies
Since its inception, iAccelerate has delivered 1013 new jobs from companies actively engaged as members of our program (this does not include ongoing job creation by our Alumni).
In 2022 we delivered 109 new jobs to the community (not including our founders).
Gender Equality
52% of iAccelerate companies have at least 1 active female founder.
Our aim is to have women represented equally in our ecosystem. We have shown consistent above national and international results over the past 6 years: 41% (2021) 46% (2020), 47% (2019), 50% (2018), 42% (2017) and 35% (2016).
First Nations Entrepreneurs
In 2022 12 First Nations entrepreneurs were supported over three regions in the RISE first Nations program.
Supporting regional Development
We have fostered entrepreneurship throughout regional NSW delivering the RISE program in:
- Tweed Byron
- Tamworth
- Wingecarribee
- Queanbeyan-Palerang
Eurobodalla - Bega
- Snowy Monaro
Making sales
Generating over $61.1M revenue in 2022 and $341M+ since 2016.
Money into the economy
We've helped inject $110.2M into the economy through wages and contractor payments since we began and $33.6M in combined salaries / wages and payments to contractors in 2022.
Investment
Over $31.38M raised by iAccelerate Companies in equity capital, debt capital and grants.
Products and IP
iAccelerate companies continue to launch and develop new products.
iAccelerate innovation network
At iAccelerate, we’re on a mission to amplify the innovation ecosystem way beyond our own walls.
Through the iAccelerate Innovation Network, we’re bringing together entrepreneurship networks right around the globe to forge powerful long-term collaboration opportunities. By sharing resources – education materials, industry expertise, speakers, mentors, investors and more – we’ll collectively drive regional, national and international innovation to bold new heights.
The iAccelerate Innovation network is growing fast, with our landing pads and hubs all over Australia and internationally. We are currently in the process of growing our network. Find out more about our network partners by viewing their details here.
"We’ll use the well-proven methodology from iAccelerate and tailor it to local needs and conditions, working with the community to foster a spirit of innovation that leads to economic opportunities in the region…"
