Incubate, the business accelerator of Sydney University, begins its planned national roll-out with Adelaide.
Sydney University’s accelerator Incubate is due to begin its expansion across Australia from January when it launches its first programme at Adelaide University.
The success of the programme, which launched back in mid-2012, has lured Google Australia as a partner in delivering the planned rollout. Google will be providing financial support to Incubate as well as access to the tech giant’s technology and mentors, and connecting new hubs such as Adelaide and Sydney to create a nationwide network of entrepreneurs.
As part of the programme, Incubate participants receive 11 weeks of working space, mentorship and workshops, and AU$5,000 to help get their ideas off the ground.
Incubate is currently in discussions with other universities, and hopes to announce more partnerships in the near future.
James Alexander, national program co-ordinator at Incubate, said: “We were very happy when Adelaide University wanted to be partner, as I’m constantly meeting entrepreneurs who are from Adelaide. There is something in the water down there.”
He added: “The big question for us is can a university host an accelerator program successfully without having to build up the infrastructure that usually accompanies university programs, such as a dedicated commercialisation department, or raising a fund. It’ll be great to see network effects of having two programs running across major cities. We’re looking forward to tapping into the Adelaide start-up mentoring community, and sharing what we’ve learned here.”
