Momentum Accelerator

Propel your digital, hybrid Software-As-A-Service (SaaS) or full SaaS business into rapid growth with UQ’s new Momentum Accelerator. 

Throughout our 15-week program, each qualifying business receives expert guidance to enhance business skills, grow networks, and boost scaling plans to help participants prepare for significant fundraising. We'll determine if raising capital is right for you and act accordingly. The program concludes with a pitch to top investors, offering direct funding opportunities via our partnership with Queensland Investment Corporation's Venture Capital Development Fund (VCDF) and other investment groups. Hosted by UQ, it's open to all and not limited to UQ students or university affiliates.

Applications for the Momentum Accelerator are now closed.

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Momentum Accelerator for Digital Business and SaaS will run for 15 weeks from 8 April to July 2024 at UQ's Long Pocket dedicated Ventures Studio.

Program commitment required:

  • 1 day each week of structured program content and on-site UQ Ventures Studio Long Pocket (Brisbane)
  • 1 session each week (in-person or virtual) to support cadence and founder health and wellbeing
  • founder updates and talks from industry experts, innovators, and Entrepreneurs in Residence (EIRs) will be scheduled regularly throughout the program.

Throughout the program your team will have access to:

  • 24/7 co-working space and makerspace
  • regular seminars and talks from speakers, industry specialists, investors, and successful founders
  • a dedicated entrepreneur who has successfully navigated the startup-to-exit journey, along with a world-class EIR
  • partnership benefits from Google, Microsoft, AWS, Hubspot, Matlab, Makerspace and more.

The program will culminate in Pitch Event, where selected enterprises will have the chance to present their business to venture capitalists and investors. The program's unique collaboration with the Queensland Investment Corporation's Venture Capital Development Fund enhances the potential for investment by providing significant support to accelerator business growth.

Virtual session to cover key information, Q&A, and applications tips
Date: 26 February 2024
Time: 6.00-7.00pm
Venue: (online)

Fireside chat with EiR Dale Rankine and Program Manager Yazz Krishna
4 March 2024
Time: 5.15pm for a 5.30 start until 7.00pm
Venue: UQ Brisbane City, 308 Queen Street, Room 511

Applications for the Momentum Accelerator will open shortly to any Queensland or Queensland-based business in the digital, SaaS, or hybrid SaaS space.

We are looking for passionate and committed founders, co-founders, CEOs, owners, and directors with businesses that have experienced initial growth and are now poised to elevate their operations to new heights.

You do not have to be a UQ student or affiliated with any other university to apply. Applicants must

  • have a registered ABN/ACN
  • have an office in or be based in Queensland
  • have a digital business or be focused on SaaS (or hybrid SaaS)
  • have market traction with growth, either in the form of active users or in revenue/sales
  • have a business with significant growth potential
  • have a business with a defendable competitive advantage
  • be strongly considering raising capital to facilitate growth

Overview and Terms and Conditions (PDF, 201.3 KB)   View Agreement (PDF, 261.3 KB)

You will be required to sign the Momentum Accelerator Agreement to participate in this program. Participating in the program is a significant commitment, incorporating 1 day a week for a structured program and 1-on-1 sessions. There are key deliverables and activities each week that are expected to take a reasonable amount of time to complete and commitment is required for events, the pitch night, and presentations.

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

Application process

Placement in the Momentum Accelerator program is competitive. Applicants must complete a four-stage application process to be accepted into the program (one per team). 

Stage 1. Application (online)
You will be required to fill out the online application form, due 5pm (AEST) 15 March 2024, outlining evidence of business modelling, market traction, growth potential, and competitive advantage. You may include a short video (2 minutes max) introducing your team, your business, and why you're a great Momentum candidate.

Stage 2.  Momentum selections: first round interviews (in-person)
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. Interviews will take place from 18 March 2024 at Ventures Studio in Long Pocket. Please note, you only need to be available for your allocated interview time slot. 

Stage 3.  Momentum selections: second round interviews (online)
Candidates from the first round of interviews will be shortlisted and the successful candidates will be invited to a second round of interviews. These interviews are designed to probe further into your business and provide advice and feedback on how you may fit into the program. Interviews are expected to take place online from 25 March 2024. 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. Startups will be notified from 1 April 2024. Successful teams will be required to sign the Momentum Accelerator Agreement prior to starting the program. 

The program will commence on 8 April 2024.

UQ's Momentum Accelerator offers access to capital through established venture capitalists as well as potential access to angel investors.

While being part of the accelerator significantly enhances your visibility to investors and the Venture Capital Development Fund (VCDF), funding is not guaranteed. It remains merit-based and competitive. UQ Ventures will provide the guidance and support to put your most compelling pitch together as you seek investment.

Please seek your own independent advice before entering into this agreement. UQ is not responsible for you and/or your companies’ independent financial situation.

Find out more about funding in the terms and conditions.  (PDF, 201.3 KB)

Yazz Krishna

Yazz Krishna, Program Manager

The Momentum Accelerator is spearheaded by Yazz Krishna, a seasoned entrepreneur known for founding Five Faces, a Brisbane-based Enterprise SaaS and managed service provider. Under Yazz's leadership, Five Faces expanded internationally in the retail and healthcare sectors before his exit in 2021. Currently, as the Director of Yazz Investments, Yazz dedicates his expertise to supporting early to mid-stage entrepreneurs.

His areas of specialisation include sales structure and team development, distribution channels, enterprise solution deployment, high-performance team management, commercial negotiations, resolving shareholder disputes, MVP development, and crafting go-to-market strategies.

Yazz is passionate about guiding startups and scaleups through the capital raising process, and ensuring they are well-informed, prepared, and aware of their financing options.


Dale Rankine, Enterpreneur-in-Residence (EiR)

Dale brings more than 30 years of experience in serial entrepreneurship and venture building across key technology trends, from web and mobile to cloud computing and IoT.

His significant achievement includes founding Reekoh, an integration platform leader, and leading it to a strategic exit with Autodesk, highlighting his skills in capital raising, growth driving, and achieving successful exits. Dale's ventures demonstrate his ability to identify early-stage opportunities, scale businesses globally, and create substantial value, underscored by his commitment to technological innovation and commercial opportunities.

Beyond his business acumen, Dale is committed to the wellbeing of founders, offering coaching to balance professional growth with personal wellbeing. His broad impact on the tech industry and dedication to mentoring underscores his role as a guiding light for entrepreneurs aiming for innovation, strategic expansion, and maintaining a harmonious professional-personal life balance.

Expressions of Interest are now open for the Momentum Accelerator female founders cohort

Submit now