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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

69 startups and scaleups supported in 2023

Creating jobs

Our resident companies employed 322 full-time, part-time and casual workers (as of December 2023), including 72 new roles created.


Our resident companies secured $28.3M investment from equity capital, debt capital and grants in 2023.

Boosting the economy

$132.5M has been injected into the regional economy through wages and contractor payments made by our resident companies since 2016, with $22.3M injected in 2023 alone.

Impact Reports

2023 Impact Report

iAccelerate's impact report for 2023 highlights another year of outstanding results where we continue to be a leader in Australia's innovation ecosystem.


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