Today the University of Sydney Union’s (USU) leading university startup accelerator program, INCUBATE, has selected the next eight startup teams for it’s Winter cycle.
INCUBATE Director, James Alexander, explains that not all students or graduates want to go into a graduate program when they finish university and part of INCUBATE’s success has been based on this realisation. “Starting your own or helping another young entrepreneur build a successful business can create so much value for our economy. We’re encouraging young entrepreneurs to start new global businesses here, in Australia.”
In Australia alone, there are currently 3 million people above the age of 65 and each year 1 in 3 of these people fall, which results in an injury. Current systems such as a panic button attempt to solve this issue but have problems – they are relatively conspicuous, can be forgotten and left behind and in some situations, they can’t be utilised properly
There has been quite a bit of buzz recently around the Sydney University INCUBATE program and so there should be, as we cover each of the startups in more detail, you will see why this program is more than just a little extra curricular fun, it is an important program that merges the world’s of traditional tertiary education and entrepreneurship.
James Cooper-Stanbury (Bachelor of Computer Science and Technology – University of Sydney), Nicholas Cooke (Bachelor of Computer Science and Technology Adv. – University of Sydney) and Sam Turner (Bachelor of Computer Science and Technology – University of Sydney). Have all just completed the first year of their degree. They have also just launched their first business -Muro, a photography platform for events.
While we were holidaying over summer, James Alexander and the startups of Incubate were hard at work pulling their businesses together for a February launch date. And their hard work is about to pay off with everyone getting ready for Demo Day on February the 27th. This is actually the first time that Incubate has run their Incubator program and so in their own way, Incubate is following a startup path. We talked to James about how Incubate came to be and you can be part of it next round.
INCUBATE is the University of Sydney Union’s inaugural business-focused program which is open to all students, researchers and recent alumni (2009 onwards) of the University of Sydney. The program will fund eight high potential startup projects with $5,000 business grants, co-working space over the summer break and mentoring from some of Australia’s most recognised entrepreneurs.