The high calibre talent UQ Ventures attracts to inspire student entrepreneurs is extended with the appointment of Optio Capital Chief Product Officer Michael Cotton as the new ilab Accelerator Entrepreneur in Residence.
UQ’s Head of Entrepreneurship Nimrod Klayman said that Michael Cotton’s involvement signifies more than just an addition to the Ventures team; it ensures that entrepreneurship remains at the heart of UQ.
“Our new EIR is not just here to mentor and guide; he is here to challenge, to provoke new ways of thinking, and to keep pushing the boundaries of what’s possible," Nimrod said.
Since Michael Cotton studied at UQ Business (2003-05), his entrepreneurial spirit has seen the exploration of commercial interests ranging from precious metals, jewellery and collectibles to fishing.
More recently his expertise has harnessed the management of digital assets using Blockchain to encourage growth in business. At venture capital firm Optio Capital he has used his experience to explore how value may be extracted and grown in businesses using technology at their core.
He defines Blockchain as “technology for transmitting data in a more secure, decentralized way, that is still at an early stage. But being ready for this next shift in technology will be key”.
Michael has a significant portfolio with successes that have already seen him nominated and then winner of one of Queensland’s prestigious 40 Under 40 Awards (2023). He is keen to give his time and significant expertise to assist student entrepreneurs within UQ Ventures ilab program.
“I've been doing a similar role with accelerators internationally. It was more about putting emphasis on helping Australian entrepreneurs and the next generation who are up and coming in our direct vicinity, helping out on our own home turf," Michael said.
New technologies aside, it is the founders, the entrepreneur themselves, that Michael sees as crucial.
“In reality, if you don't have good people, a good idea, especially at an early stage, won't go anywhere. We see people as an absolutely critical piece of the puzzle. You need good people who are dedicated, who are hungry, with grit and determination, and who will see things through good times and bad,” Michael said.
This focus is at the heart of what Nimrod believes is key to change creation. While universities may be seen as places of research and education, UQ Ventures believes that innovation is also central to their purpose.
“Universities can be the breeding grounds for new ideas, bold ventures, and impactful innovations, driven by skilled individuals. In the ilab community, we are not content to be on the sidelines of change; we are driving and accelerating it," Nimrod said.
“It takes courage to go against the grain, to question the established norms, and to forge new paths. That’s precisely what we are here to do. Entrepreneurship is not a side project or an extracurricular activity – it is the core of UQ Ventures and what we stand for. It’s about thinking big, taking risks, and having the conviction to pursue ideas that can change the world," Nimrod said.
As Michael’s success demonstrates, flexibility, upskilling individuals, and paying attention to new digital developments are central to innovation. His own rollercoaster of entrepreneurship is testimony to the power of creativity, and belief in his vision.
ilab Accelerator student entrepreneurs will be the beneficiaries of Michael’s guidance, wisdom, and passion for innovation.
Register for ilab Information Session
Hear from EIR’s Michael Cotton and Abbey Cameron
