Applications have now closed. Stay tuned for 2022 dates.

Founders 10x is our flagship industry agnostic accelerator, tailored for high-potential tech enabled startups who are founded by current UNSW students, staff or alumni. Our program is specifically designed to get founders investment ready and see this as their most suitable growth strategy. 

The 10x Accelerator is run in conjunction with Founders Health 10x Accelerator. To find our more click here.

Applications are now open!

Founders 10x is a two-phase program (Pre-accelerator and accelerator). All teams accepted into 10x will first participate in the 5-week 10x Pre-accelerator, and up to 6 teams will be selected to advance to the 10-week 10x Accelerator. 

All program participants will benefit from: 

  • Accelerated startup education from leading industry experts and other founders 
  • Tailored and practical advice and coaching 
  • Validation of your business idea, solution or research application 
  • The opportunity to build, refine or scale your business model and become investment ready
  • Networking and peer-to- peer support to build your confidence and networks 
  • Access to UNSW world-class network of makerspaces to ideate and prototype being guided/supported by the dedicated UNSW prototyping coaches 

If you are accepted into the 10x Accelerator, you’ll also receive:   

  • $20,000 seed funding as a SAFE agreement 
  • 10 weeks of accelerated learning from industry and startup experts via workshops, mentoring and collaborative activities 
  • Weekly 1:1 meetings with our Entrepreneur-in-Residence 
  • An opportunity to pitch your startup to investors at the 10x Demo Night (please see 10x 2020 Demo Night here
  • Ongoing media and PR support  
  • Ongoing support with grants and funding applications 
  • UNSW Founders Alumni Program: Access to a co-working space with UNSW Founders in Residence for 6 months after the program, ongoing mentorship & coaching, networking and educational events 
  • Founders who want to become more resilient, learn how to build traction and scale   
  • Founders who want to participate in an intensive modular program. Each week you’ll learn new startup frameworks to practice and implement.   
  • Founders who want to participate in a structured cohort-based program.   
  • Founders keen to access UNSW’s outstanding network of founders, alumni, subject matter experts and mentors.   
  • Founders keen to be part of a community of like-minded people  
  • Founders who are keen to understand more about succeeding globally 
  • One of your co-founders is a current UNSW student, staff or alumni 
  • You are a founder or co-founder of a currently operating startup 
  • You have a proof of concept, prototype or MVP 
  • You have some market validation through customer take-up or engagement 
  • You can commit to participating in the program for the full 15 weeks:   

1 day per week in the 5 week Pre-Accelerator Program and approximately 12 hours per week during the 10 week Accelerator phase.  

  • You can commit to participating in the program for the full 15 weeks   
  • (1 day per week in the 5-week 10x Pre-Accelerator Program and approximately 12 hours of workshops, mentoring and collaborative activities per week during the Accelerator phase).  
  • You are keen to grow your business through capital raising 
  • You have an Australian registered company (Pty Ltd) to enter the accelerator phase of the program 
  • You are prepared to sign the Founders’ Pledge to give back to the UNSW Entrepreneurship community. 
  • Applications open 3 February 2021 
  • Info Night 17 March 2021  
  • Applications close 12 April 2021  
  • Selected teams notified 26 April 2021  

Pre-Accelerator  

  • Program commences 5 May 2021  
  • Program concludes 2 June 2021 

10x Accelerator  

  • Program selection interviews for top 10 teams 15 or 16 June 2021
  • Selected teams invited to program 21 June
  • Program commences with Bootcamp 8-9 July 2021 
  • Program concludes 17 September 2021 
  • Demo Night 29 September 2021 (TBC) 

A SAFE note, or a Simple Agreement for Future Equity, is an agreement for an investor to make a cash investment into a company in return for shares at a later date in connection with a specific event.  

•Example events include: exit sales, IPO or funding rounds.  

•A SAFE is not a debt instrument and is intended to be an alternative to convertible notes 

How it works 

  • Investor and investee company agree on a valuation cap and/or a discount rate 
  • Investor pays company investment amount 
  • Outstanding SAFE is referenced on the company’s capitalisation table like any other convertible securities 
  • At triggering event, cash investment is converted into equity. 

Who uses it 

  • SAFE notes are intended for investment into very early-stage companies as they allow for investment before the valuation of the company is set. 
  • It is also a tool for investors to use to invest in a company quickly, closing a deal where there is high funding competition and the investor does not wish to wait for the valuation price to be negotiated and finalised, especially where there are multiple investors in a funding round. This use is more common in the US than Australia. 

Coach & Connect  links people who have an innovative idea, or an existing business, with an experienced startup coach to accelerate and amplify success.  

Coach & Connect can be accessed by attending a UNSW Founders Information Session. This session will introduce you to the programs and services offered by UNSW Founders, including Coach & Connect.  

Register here.   

Alternatively you can contact the 10x Program Manager, Melissa Pye m.pye@unsw.edu.au