Delivering the goods
iAccelerate is at the heart of UOW’s commitment to growing a thriving regional economy. This community we’ve built is delivering the goods on innovation, jobs and revenues, facilitating rapid acceleration of businesses and attracting new companies and industries to the Illawarra.
Data for the iAccelerate 2019 Economic Impact Report has been compiled from an opt-in survey sent to each of the current iAccelerate resident companies and iAccelerate admin data. 71 respondents completed the 2019 survey.
“Since joining iAccelerate we have increased our revenue by over 20 per cent and our staffing from 15 to 20 people, all of whom are located regionally.”
Dean Jackson, Managing Director, Planet Footprint
Supporting Local Companies
So far we’ve fostered 192 startup companies at iAccelerate.
With 4 intakes in 2019 we supported 36 new companies and 42 students through the program.
Creating local jobs
- iAccelerate delivered 639 new jobs to the region since 2012.
- In 2019 we delivered 122 new jobs to the community (not including founder jobs and other opportunities)
Sure, the direct benefits are huge – but the real impact extends far beyond that. iAccelerate is actively working to expand and diversify the region’s economy, supporting businesses from a wide range of fields with an even wider scope for impact.
iAccelerate supported 92 companies in 2019 in a range of fields including tech, hardware, service, education, health, wellbeing and social
Bucking the inequality trend
The startup sector, and the tech world in general, isn’t exactly known for its gender balance.
But at iAccelerate, we’ve created an environment and ecosystem that encourages female founders, co-founders and employees to thrive and bring their passion and vision to the table. 47% of iAccelerate companies have at least one female founder – in sharp contrast to national averages.
Over $57.6m revenues by iAccelerate Companies in 2019
The Big Bucks
A 34% increase year-on-year in wages and payments to contractors has been contributed by our resident companies and 43% increase in salary and wages paid.
An incredible launching pad
iAccelerate companies are bringing new ideas to market every day, launching 67 new products and submitting 35 IP protection applications in 2019 alone. With 13 IPs already granted
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