Tracks 2017-04-03T21:38:00+00:00

“I’ve identified a customer problem and I’ve got an idea how to solve it.”

Start-up Track

If you’ve identified a customer problem, have an idea how to solve it, maybe built a prototype or minimum viable product and tested it with some customers, apply for our start-up track.
We select individuals and teams with interesting and promising ideas for solutions to real-world problems, and take you on a 14-week journey of workshops and seminars; coaching and mentoring; development of a minimum viable product; customer validation and development; which culminates in a series of capital raising opportunities.

Applications opening soon

“I have great skills but don’t have a customer problem to work on.”

Challenge Track

If you haven’t identified a customer problem of your own to work on, and want to work with others on a start-up, apply for one of our partner-sponsored challenges. Our partners will provide a real-world problem that they want solved for you to work on.
We partner with leading organisations to drive collaboration, innovation and impact around real-world problems, through launching challenges – a 14-week collaborative process that follows the accelerator program structure – focusing attention on a specific problem and creating the opportunity for entrepreneurs to form teams, gain insights, ideate, refine and prototype solutions.

Challenge Example

“How might we dramatically improve the transparency and accessibility of food tracking and traceability data across the supply chain?”

Problem Statement

“Consumers are demanding greater transparency of food origin and food miles. Producers are demanding better supply chain risk management tools. The current tools and methods are from the last century.”

Consider:

  1. The globalisation of the food industry.
  2. Fewer, larger suppliers organised to produce in bulk.
  3. Much of the world’s food is now sold in supermarkets.
  4. Food travels many kilometres from production to consumption.
  5. Food is consumed weeks and months after it is produced.

Process

  1. Applications Open / Selection
  2. Innovation and Entrepreneurship 101
  3. Team Formation
  4. Customer Discovery
  5. Idea Generation and Exploration
  6. Value Proposition Development
  7. Minimum Viable Product
  8. Business Model Development
  9. Customer Validation
  10. Customer Development
  11. Pitching / Demo Day

Timeline

  • JUN – Applications Open / Selection
  • JUL – Accelerator Program / Challenge Process
  • OCT – Pitching / Demo Day

Evaluation Criteria

Innovative – Does your idea bring something completely new to the problem or ignite existing efforts in a new way? How is your idea unique to similar efforts to solve the problem and what is the specific value-add?

Human-centred – Are you leading with empathy by talking to potential end users, developing prototypes and collecting feedback from those you’re designing for?

Local – The most impactful ideas are often the ones that start from a focused and simple place. Think about the needs at the center of this challenge and one basic step that would change the way people think and act locally.

Consider scale – Starting local can be really powerful – but how might your idea be transferable to a larger number of people? How might you balance both scalability and replicability?

Goals for the Challenge

Partner/sponsor will offer a prize/funding to one or more qualifying top ideas from the process to help with further development, and … will fast-track all top ideas for consideration of additional funding …

Sponsors

  • “Large Corporate”
  • “Local Government Authority”
  • “Industry Development Body”
EXPLORE A CHALLENGE PARTNERSHIP WITH US

Applications opening soon

“I am interested in commercialising research-driven discoveries and inventions.”

CoLAB Track

If you’re a researcher at a research and development organisation, or a serial entrepreneur with a track record in commercialising research-driven innovation, and you want to co-design, co-create and collaborate on developing a market-led solution for a discovery or invention, apply for our CoLAB track.
We bring together experienced entrepreneurs and researchers to drive collaboration, innovation and impact around real-world problems – through a 14-week collaborative process that follows the accelerator program structure – creating the opportunity for entrepreneurs and researchers to work together to gain market insights, ideate, refine and prototype solutions with real commercial potential.
It’s a high-performance, structured, repeatable approach to exploring the potential of research-driven innovations and translating them into market-led solutions to specific problems.

CoLAB Case Study

The Researchers
Dr Lisa Hayes and Dr Rick Hunter have discovered a new method for quickly determining the pH of any compound using hyper-spectral image analysis.
They have invented a software algorithm and electronic components to implement their findings. The resultant device is highly portable, providing real-time analysis to a very high degree of accuracy in field trials. It is a step-change in both speed and size performance over previous methods. They hold several patents on their inventions.
Dr Hayes, Dr Hunter and their research institution are keen to see the invention being adopted by industry. They have some ideas about who might use their invention, but don’t have a lot of experience commercialising technology.
The Entrepreneurs
Roy Föcker is a serial technology entrepreneur having successfully built and sold two technology businesses. He has worked at the leading edge of technology adoption for many years and has a deep network of contacts.
His last venture commercialised advanced robotics technology invented by a leading research institution. Roy and his team know how to work with researchers and their institutions, building trusting and productive relationships.
As his next venture, Roy is seeking to co-design, co-create and collaborate on developing a market-led solution for a new discovery or invention.
The Entrepreneurs
Roy Föcker is a serial technology entrepreneur having successfully built and sold two technology businesses. He has worked at the leading edge of technology adoption for many years and has a deep network of contacts.
His last venture commercialised advanced robotics technology invented by a leading research institution. Roy and his team know how to work with researchers and their institutions, building trusting and productive relationships.
As his next venture, Roy is seeking to co-design, co-create and collaborate on developing a market-led solution for a new discovery or invention.
EXLORE A COLAB PARTNERSHIP WITH US

Applications opening soon