After a massive search and selection process, UNSW Founders announces the seven teams selected to participate in this year’s flagship UNSW Founders 10x Accelerator program.
The teams represent a wide array of industries, from on demand drone images, to a platform where school students can create their own adventures with 3D modelling software, to realistic fabric imaging technology designed to reduce online fashion returns and a mobile docketing system that replaces the need for paper receipts.
“Over 75 UNSW startups applied for this year’s 10x Accelerator program, more than ever before,” says David Burt, Director of Entrepreneurship, UNSW. “And with a much greater proportion UNSW alumni teams, signalling that many people in career transitions are starting new companies rather than seeking another corporate job.”
Launched in 2018, UNSW Founders 10x Accelerator is tailored for high potential startups founded by UNSW students, staff or alumni. The bespoke program runs annually as a 3-month intensive, followed by 6+ months incubation and post-program support. Each team is also matched with a wide network of mentors, investors and UNSW Founders programs alumni.
This year, due to physical distancing requirements, the 10x Accelerator will be delivered 100% online. The move to remote delivery has enabled the cohort to be geographically diverse for the first time, with teams also located in the ACT, VIC and QLD.
“This program has already produced some extraordinary companies including Tiliter, whose computer vision product is revolutionising supermarket checkouts and reducing theft, waste and time, and InsideSherpa which runs free company-branded virtual internships with the world’s largest companies. We are excited to be supporting the global ambitions of these next seven startups.”
“Australia’s economic recovery from COVID-19 requires the creation of more than 1 million new jobs. We know from research conducted in both Australia and overseas that the overwhelming majority of new jobs are created by companies less than five years old. It’s data like this that proves if we want rapid job creation in Australia, we need to support the people who are stepping up to start and lead new companies. As Australia’s most entrepreneurial university, UNSW is doing everything we can to help this next generation of founders to grow their companies and create new jobs in Australia.”
UNSW Founders 10x kicks off mid-August and culminates early November with a Demo Night.
2020 UNSW Founders cohort #5: