The University of Queensland’s 2024 Ventures ilab Accelerator program has awarded 10 startups with $10,000 funding each to help launch their early-stage ventures.
Now in its 18th iteration, Ventures ilab is one of the longest-running accelerator programs in Australia and has supported more than 230 startups, creating 1,500 jobs and attracting around $206 million in investment funding.
Head of Entrepreneurship, Mr Nimrod Klayman, said the teams started the three-month intensive program this month.
"We eagerly look forward to championing the latest founders and entrepreneurs, applauding their achievements, and witnessing their growth,” he said.
Program lead, Mr Tyson Jennings, said the 2023-24 cohort is one of the strongest yet.
“It’s with great respect for the amazing job my predecessors have accomplished that I look forward to this new era of the Ventures ilab Accelerator program,” he said.
Meet the teams
The 10 teams, including 17 founders are solving programs across diverse industries from AI-driven platforms and digital cameras to the future of the electrical grid.
- The Act 2 Project – Untapping the talent pool of career returners for innovative employers
- Joydrobe – AI fashion assistant to help increase customer satisfaction
- Australian Urban Growers – Developing a sustainable food system through practical education
- Xplainable – Building trust in machine learning with human-understandable predictive models
- Flashback – The soul of a film camera reborn in a digital era
- Chatstat – AI-driven platform offering real-time, non-invasive social media monitoring focused on at-risk youth
- PhiSaver – A per-circuit energy monitoring system
- Recovery Metrics – The google analytics of mental health care
- GradeGuru – A study copilot that understands how you learn
- MindMuse – AI to Help 10,000 people improve mental health support
The Ventures ilab Accelerator program provides funding, access to UQ’s global mentoring and investor network, workshops, guidance from UQ’s Entrepreneur in Residence, and co-working space, and concludes with the ilab Pitch Night, showcasing the teams' innovations.
Save the date for ilab Pitch Night, 21 March 2024.
Have any enquiries about the program? Contact ilab Accelerator manager, Tyson Jennings
