News & Analysis

Melbourne Accelerator Program announces intake for 2016 program

- May 24, 2016 2 MIN READ

The University of Melbourne’s Melbourne Accelerator Program (MAP) has revealed the 10 startups taking part in this year’s five month intensive program, with the teams selected representing a diverse range of ideas from solar energy solutions to tiny houses for farms.

MAP will provide each team with $20,000 in early stage funding to support the founders in taking their ideas off the ground and further accelerating their products and services. Each startup will be given an office space in LAB-14 at the University of Melbourne, where they will partake in structured mentoring sessions from industry leaders, development workshops and pitching events to be held in Melbourne, Sydney, and Silicon Valley.

Over the years MAP states the selection process has become more competitive and from 124 applicants, 10 teams were selected based upon their potential in creating ideas into real world impact solutions.

“The diverse nature of the startups this year really surprised us, we have everything from premium food blends to incredible new health technologies,” said Maxine Lee, MAP accelerator manager.

“This year we wanted to push the boundaries of what people consider a traditional startup. We believe our startups can have a transformative impact both economically and socially.”

As a result of MAPs partnership with Australia Post, announced late last year, the accelerator program increased its startup team intake from eight to 10.

Since launch in 2012 as the first university-based accelerator, MAP alumni have raised over $11 million in funding, created over 200 high-leverage jobs and generated more than $10 million in revenue.

It is estimated that $32 million has been contributed to Australian GDP by MAP companies, as they provide real solutions to existing problems and pain points in industries like health, agritech and foodtech.

The ten selected startups entering MAP include:

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  • Allume Energy – A renewable energy technology company that reduces the cost of energy through grid sharing and solar as a service for Australian communities.

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  • Bajaboard – An all terrain buggy at your feet.

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  • Shacky – Tiny house farmstays.

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  • Honee – The discovery and booking platform for all wellness, beauty and fitness services in Melbourne.

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  • CNSDose – Genetically Guided Antidepressants: Fast-Track Finding the Right Antidepressant.
  • Kind – Provides home care services to help seniors live a fulfilled life in their own home.
  • Onomap – Identifies unique insights from customer data.
  • Black – A collective of hackers looking to build a smarter world.
  • Deliciou – Offers premium blends of healthy snacks and seasonings that are fun and easy to use.
  • Axon – Guiding clinician care and communication along the entire patient journey.

“It’s fantastic to see such a high calibre of talent coming into the program this year, it demonstrates that the startup ecosystem in Australia is only getting stronger,” Rohan Workman, director of MAP.

The program commences on June 1.

Image: MAP16 startup teams. Source: Supplied.