Review on Melbourne Accelerator Program by Rufat Ismayilov
The Melbourne Accelerator Program review
The first university accelerator in Australia was launched in 2012 under the leadership of the University of Melbourne. This program is called the Melbourne Accelerator Program.
The program consists of rules such as: only 10 teams are selected per year to participate in the 5-month accelerator program. The Melbourne Accelerator Program offers mentoring from brilliant Australian business minds, advisory services, investors and $ 20,000 funding to help launch startups.
This program expands its ecosystem and adds additional programs: Velocity Program and Franklins (for women entrepreneurs).
The Melbourne Accelerator Program has created over 1000 jobs and invested in over 100 startups. More than $ 70 million in investments were made and revenue was earned in excess of $ 100 million.
Pros
- The university accelerator program
- special program for women entrepreuners
Cons
- none
