liza noonan - bringing it on: early results of australia’s first sciencetech accelerator

csiro.au/on

Turning ON Australia’s Sci-tech Accelerator

ON is Australia’s national sci-tech accelerator empowering publicly funded research teams achieve real world impact faster

July 2015: ON launches at CSIRO

July 2016: NISA funding to expand

ON Partners

ON Program Briefing3 |

Pre-Accelerator to validate problem/proposition fit

Twice a year – across Australia

100 teams a year

Financial incentives for team performance

Accelerator to validate business model, find & secure runway

Offered nationally once a year

10 teams

Up to $25,000 to accelerate product, market & team development

ON Prime ON Accelerate

Doing Wins Arguments

“At the start of ON, we had a proof of concept idea but we didn’t know what its value was.

What ON did for us was to test that – to go out and validate it.

ON gave us the impetus to develop it into a true product area where we could interact with industry, and that’s the phase we’re in right now.” –

Andrew Bean, Team Vaximiser –ON Accelerate1 Graduate

“ON has been an absolutely fantastic experience for us. We have a path to market now, whereas before we were really just playing around with some technology and we thought we had a good idea.

What we actually have is a solution to a massive problem – it’s much more than I could have ever expected.”

Nancy Schellhorn, Team RapidAIM, ON Accelerate2 Graduate

Value from Failing

What we are learning

• Entrepreneurship is a critical ingredient in translating idea

from research to impact

• Sci-tech Innovation needs runway

• Finding & retaining the right mentors (from industry &

investment community) requires sustained focus

• The problem space ON addresses will continue to change and

it must change with it

DONE 28 Partners

80 + Mentors

2 x Accelerates

1 x Prime

58 teams

332 people

8 teams with Runway

‘000s of market engagements

DOING New Partners

Building Mentor Value

Accelerate 3 (10 teams)

Prime 2(70+ teams)

Themed Primes: Defence

Global Connections

NEXTo More Industry &

Challenges

o More Runway Support

o More Storytelling

Thank you

oninnovation.com.au

on@csiro.au