The University of Sydney’s Incubate accelerator program has called for startups to apply for its Winter 2015 intake.
Incubate, which is backed by the University of Sydney Union, will be selecting eight startups to take part, with each receiving $5000 in equity-free seed funding, mentorship, and working space on the university campus for 14 weeks.
To apply, startups must have at least one member who is either currently enrolled at the university, a member of staff or researcher at the university, or alumnus of the university.
Both early and later stage startups are encouraged to apply, with the selection panel looking for startups able to define the problem they’re trying to solve, the tech or processes that will be used to solve the problem, their competition and market size both in Australia and globally, and what they hope to achieve in the 3 month incubation period.
Incubate was founded in 2012 by two students with the aim of fostering entrepreneurship on campus, and has gone from strength to strength since, expanding into Monash University last year.
Participants in the program’s most recent intakes include Ureferjobs, Breathe Well, and Promise or Pay.
Breathe Well received almost $600,000 in funding in April from the National Health and Medical Research Council to run clinical trials of their device, which helps lung cancer patients breathe more regularly as they undergo radiotherapy and imaging.
Applications for the Winter program close on June 7.