MAP’s Velocity Program Now Open for Startups
The Melbourne Accelerator Program’s (MAP) Velocity Program is now open for 2021 intakes. MAP – founded by the University of Melbourne – was first launched in 2012 as the first university-accelerator partnership in Australia. Their Velocity Program helps early-stage founders “pressure test their startups” and finds sustainable pathways for Melbourne startups to scale their ventures.
Recently MAP was awarded a two-year $222,000 grant from LaunchVic which will aid the expansion of the Velocity Program. The additional funding should see the program double their startup intakes, and will assist in the creation of a new online program in support of Melbourne’s post-COVID economic recovery.
The program assists Melbourne startups in the early stages of their venture, particularly in areas such as client success and creative problem solving. The Velocity Program has been running for four years, and has supported 170 founders from 91 startups. According to the University of Melbourne, 68% of the Melbourne startups involved have remained operational, and 19% have progressed to other startup accelerators.
Velocity Program Intake 2021
In 2021 the Velocity Program will run two 10 week sessions with the support of LaunchVic. The workshops will focus on a range of topics from defining your startup’s value proposition to signing your first clients. The first intake is scheduled to begin in April 2021, and will be delivered online. The second program will be in-person and will run from the Melbourne Connect office. The accelerator is industry agnostic; meaning Melbourne startups of all sectors are eligible to apply. The program costs $500 per founder.
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