INCUBATE has launched 16 start up ventures from a rabble of students at Sydney University.
Now the award winning startup accelerator program has found a mighty backer in Google and is set to expand the entrepreneurial program to universities across Australia.
INCUBATE program manager James Alexander said the program, which is open to university students and alumni, had fostered the first startup community at Sydney University, helping to launch 16 new startups and encouraging even more students to consider the entrepreneurial path.
"With Google's help, we want to take the accelerator program to other campuses to create Australia's first national network of global-thinking entrepreneurs at universities," Alexander said.
Startups recieve $5,000 seed funding, co-working space on campus, Internet, printing, office resources and use of meeting rooms, mentoring from some of Australia’s most experienced business minds and alumni advice from industry experts.
The program was co-founded in 2012 by two students and developed by the University of Sydney Student Union.
Google Australia engineering director Alan Noble said Google was passionate about working with entrepreneurs and supporting startup communities around the world.
"We hope many of Australia’s future entrepreneurial leaders get their first startup experience via this program, and help contribute to our growing tech startup community,” he said.
Google will help INCUBATE expand the program across Australia by providing financial support as well as access to Google technology, platforms and mentors, and help connect startups at the new hubs with a network of entrepreneurs.
It will also help INCUBATE to run a national demo day early next year to showcase the top startups from the national program.
The program is seeking partner universities, student startups and experienced entrepreneurs to be part of this initiative.
Register at incubate.org.au/national for more information about joining the national program.