Incubators and accelerators can play an important role in the MTP sector as a prime conduit for organisations to achieve R&D success. There are more than 30 incubators and accelerators in Australia providing mentoring, office space, professional services and finance, and some that specialise in health sciences.
Here are some helpful links:
Cicada Innovations was awarded “World’s Best Incubator” and “Technology Focus Incubator of the Year” awards by the International Business Incubator Association (InBIA) – the peak global body for business incubation and entrepreneurship, with over 2800 members globally. They are Australia’s largest business incubator supporting advanced technology entrepreneurs.
Founded in 2000 by four Australian Universities – University of Technology Sydney, University of Sydney, University of New South Wales and Australian National University – Cicada Innovations has a client portfolio of more than 70 high growth startups working on novel products in life sciences, hardware and enterprise software technology sectors. Their full-time mentors have over 50 years of combined experience working with early-stage technology businesses, helping them raise over $150 million, sell products across the globe, and for eight, exiting their business via a trade sale or an IPO.
An extensive list of start-up incubators and accelerators in Australia has been published on The Fetch blog.
The STC Incubator offers businesses an opportunity to join a community of small tech companies working to translate and commercialise new products. The Incubator provides many benefits, including low-cost space, access to high-tech facilities and equipment, co-location with like-minded entrepreneurs and engineers and plenty of opportunities for networking and business development.
The Melbourne Accelerator Program hosts public forums, master classes and the MAP Velocity Series to up-skill and connect budding entrepreneurs, and awards top startups access into the MAP Startup Accelerator and grow their business.
ANDHealth is a unique non-profit industry-led organisation focused on strengthening the Australian digital health ecosystem and de-risking innovations in digital health, with a focus on clinical evidence, commercialisation and investment readiness.
New South Wales
The ATP Innovations Medical Device Commercialisation Training Program (MDCTP) is designed for medical device researchers, clinicians and technologists to explore the realm of commercialising their intellectual property. It is delivered by ATP Innovations with support and funding from NSW Health with the aim of fostering commercialisation of medical devices in NSW. The program is provided at no cost to participants or their institution.
Australian Capital Territory
The GRIFFIN Accelerator is located in Canberra and aims to help entrepreneurs grow startups and innovative businesses, with applications welcome from anywhere. GRIFFIN is part of the #CBR Innovation Network #CBRIN.
The Queensland Startup Precinct will bring together Queensland startups, incubators, investors and mentors under the one roof to help foster collaboration and build a thriving entrepreneurial culture, and is due to open in October 2016. The Startup Precinct will be an innovation hub for Queensland with digital and physical links to innovation centres and accelerators around the state. The precinct will provide:
- office space for emerging entrepreneurs and startups
- startup accelerator and incubator programs with River City Labs as a key tenant
- connections with CSIRO’s Data61 as a foundation partner
- investor and venture capital presence
- international ‘soft landing’ space
- space for startups to engage with customers and investors
- space for co-working and events.
The Queensland Incubator provides access to high calibre mentors and links to our extensive business networks, including dozens of public and private sector leaders, company directors and experts.
ilab aims to find, foster and support Queensland founders to create disruptive, digital based, high growth businesses to grow wealth, employment and investor returns, and has funded, guided and supported 100 Startups in Queensland since 2012.
The Innovation Centre WA Business Incubator, based at the Technology Park in Bentley, offers start-up businesses that have already progressed on their entrepreneurial journey a fantastic facility to grow their business. Apart from offering a very competitive rental, incubatees also receive ongoing support from the ICWA’s own Commercialisation Advisors and Innovation Mentors as well as access to the network of Specialist and Technical Advisors and Industry contacts. There is a collaborative and collegiate atmosphere where innovators are provided the support and camaraderie required to help them through the challenges all innovators face on their journey.
South Australian Government agency BioSA is working with the high-tech industry to bring innovative South Australian products and technologies to global markets. BioSA offers start-ups and early stage companies customised programs including grants, business and marketing assistance, lab and office space, and access to global networks. Since 2001, BioSA has helped to facilitate the formation of a high-tech precinct based at Thebarton, providing: access to funding including grants, venture capital and other finance; connection to technology investment opportunities in South Australia; infrastructure support through two business incubators and land for new technology facilities; co-location with a cluster of 60+ high-tech companies; business assistance catalysing companies towards technology commercialisation; and access to international networks.
The Innovation & Collaboration Centre (ICC) - a strategic partnership between the University of South Australia (UniSA), the South Australian Government and Hewlett Packard Enterprise (HPE) - supports technology-based incubation and business growth. By leveraging world-class technology through HPE and UniSA's expertise in business growth, creative thinking, commercialisation and technology, the ICC supports the lifecycle from idea generation to growth and expansion for students, businesses and industry. The Centre provides a multidisciplinary environment where SME’s, students and entrepreneurs can access a wide range of expertise to help them develop their products and grow their business.