How it Works
A unique formula
At iAccelerate, we do things differently.
We’ve developed a unique formula that upskills and empowers you to take your idea from its earliest spark and nurture it into a strong, sustainable business in record time. Our multi-faceted approach supports startups, advanced businesses and intrapreneurs, harnessing the benefits of working with a world-class, research intensive university to deliver the greatest economic impact.
From intake to graduation
We run three application intakes each year, each with two stages: a written application followed by a pitch to a selection panel. The process is designed so we can get a sense of who you are, what you’re aiming to do and the impact your business could have on the regional economy and broader society. It also helps us determine if you’re right for iAccelerate and we’re right for you.
If you make the cut, you’ll progress to our trailblazing four month iAccelerate Educate program where you’ll gain the skills to define and refine your idea and set it in motion. At this point you’re also eligible to apply to the iAccelerate Seed Fund.
Meet the criteria to progress from the Educate program and you’ll find yourself in the incubation phase, where you’ll develop and grow against defined milestones, assessed and reviewed as you go to keep you on track. When you’re market ready, your business is well-prepared to enter the local economy.
“The lean system has been absolutely fantastic in understanding how to set up the business and realise what you have to do to make it sustainable from the start.”
New intakes start with a written application then a pitch to our selection panel. Those who make the cut move to our trailblazing Educate program. Meeting the assessment criteria moves businesses into the seed funding, incubation and opportunities for further funding. The final step is graduation into the local economy as a well-prepared and sustainable business.
What we look for
When we’re scoping high growth companies to become the next iAccelerate residents, there are some key attributes we value.
- Using technology for global growth
- High performance teams
- Authentic connection to the problem and market
- Deep market understanding
- Sustainable competitive advantage
- Large addressable market – scalable
- Global ambitions
- Commitment to the Illawarra and to the individual business idea
- Reasonable state of development
- Open to feedback