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