ilab Accelerator

Take your venture to the next level with our ilab Accelerator program. 

During the three-month program (December to March), each startup team receives $10,000 equity-free funding to help get you ready for the market and become attractive to investors. You will work closely with our Entrepreneurs in Residence and have access to our extensive mentor and investor networks, as well as workshops, industry events and co-working space. Founders from all disciplines are encouraged to apply – from social impact and fintech to mining and health. Open to all UQ students, recent alumni, and staff.

Apply to ilab Accelerator

Join our next information session

 

Applications close 13 October 2022 at 12pm.

ilab Accelerator 2023 program will run from December 2022 to March 2023.

Weekly contact days include:

  • Founder updates to the cohort
  • Talks from industry experts, founders and Entrepreneurs in Residence e.g. IP, agreements, marketing, team building, partnerships, founders’ stories.
  • Structured program and mentoring with Entrepreneurs in Residence and industry mentors
  • Founder health and wellbeing

Throughout the program your team will have access to:

  • 24/7 co-working space and makerspace
  • regular seminars supporting early-stage startups
  • mentors, our Entrepreneur in Residence and a network of professionals and potential investors
  • partnership benefits from Google, Microsoft, AWS, Hubspot, Matlab, Makerspace and more.

Each startup accepted into the program will receive $10,000 in equity-free funding. 

Pitch Night event to be held in mid March to showcase founders to the ecosystem and investor network.

Get ready for ilab 2023 
Date: Wednesday 14 September
Time: 2-3pm
Watch the full session on Zoom
Fireside Chat with ilab alumni and EiRs
Date: 
Wednesday 28 September
Time: 1.30-2.30pm
Venue: Ventures Space, Ground Floor, Global Change Institute (Building 20)
 

Register to attend


ilab Accelerator application tips with past cohort members
Date: Wednesday 5 October
Time: 10-11am
Venue: Online (Zoom)
 

Register to attend

We are looking for passionate and committed founders who have validated their value proposition, an initial sustainable business model and a solution.

When you apply you will need to provide evidence of customer interviews, market research and business modelling. Having a minimum viable product is ideal, but is not required to join the program.  

At least half of your team members must be part of the UQ community by either being a:

  • current UQ student
  • recent alumni of UQ (10 years or less)
  • UQ staff member or researcher

Program overview and Terms and Conditions

View agreement

You will be required to sign the ilab Accelerator Agreement to participate in the program. Please review the agreement document. Participating in the Accelerator program is a full-time commitment.

Founders are expected to participate in at least 90 percent of the provided workshops and accountability sessions. Lower participation may result in the team losing their funding and being removed from the program.

Application Process

Places in the Accelerator program are highly competitive. Founders must complete a four-stage application process to be accepted into the program. 

Stage 1. Online application and video
You will be required to fill out an application, due 12pm (AEST) Thursday 13 October 2022, outlining evidence of customer interviews, market research and business modelling. Your team will also be required to submit a short video introducing the team. 

Stage 2.  ilab Selections: First round interviews
Shortlisted candidates from Stage 1 will be invited to participate in a selection process of first round interviews. Founders will pitch their business to our selection committee of experienced entrepreneurs and mentors. Followed by a series of interview questions. Interviews to take place 26-27 October 2022 on St Lucia campus, please note you only need to be available for your allocated interview time slot. 

Stage 3.  ilab Selections: Second round interviews
The candidates from the first round of interviews will be narrowed down further and the successful candidates will be invited to the second round of interviews during the following week. These interviews are designed to probe further into your company and provide advice and feedback on how the founders might fit in the Ventures ilab Accelerator program. Interviews to take place 1-2 November 2022 on St Lucia campus, please note you only need to be available for your allocated interview time slot. 

Stage 4. Successful startups notified
The selection committee will decide on the final cohort based on Stage 3. Startups will be notified on Monday 7 November 2022. Successful teams will be required to sign the ilab Accelerator Agreement prior to starting the program. 

2022 Winner: Eclipse (Siobhan Coster)

Listen to Founder of Eclipse, Siobhan Coster talk about her ilab Accelerator experience. 

Brisbane Startup AdVenture

The Ventures Brisbane Startup AdVenture is crossing paths with ilab Accelerator. Selected students will walk alongside some of Brisbane's best local startups to learn first-hand the process of founding, investing, and growing an early-stage business. 

Find out more