Startup Accelerator: Selection Process

MAP Startup Accelerator

Applications for the MAP18 Startup Accelerator are now closed!

Applications close: Sunday 22 April (11.59PM)

MAP Startup Accelerator Overview

Once a year, the MAP Startup Accelerator funds a group of startups (currently 10 per intake) and we work with them to grow their businesses.

Selected startups awarded access to the Startup Accelerator receive:

  • $20,000 funding (no equity taken)
  • Office space
  • Structured mentoring
  • Access to our global network of advisors, channel partners and investors

 

Our 44 alumni teams have raised over $30 million in funding, created more than 250 jobs and generated over $40 million in revenue.

MAP funds all kinds of startups across a broad range of categories.

Eligibility Criteria

i. In order to be eligible for the MAP Startup Accelerator, at least one founder needs to be a student, staff or alumni of any year from the University of Melbourne.

ii. Please note that we require one founder to work full-time in the MAP workspace for the duration of the program (June – October).

All applicants will need to be available for the key selection dates outlined below. The 10 selected startups must also be available for the induction process and accelerator launch.

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Selection Process

ONLINE APPLICATION

(Video + Online Form)

Applications close: 22 April (11.59pm) 2018

As a first step, you will submit an online application (including a pitch video). Your 3-minute video should outline:

  • The problem you are solving
  • Your solution
  • Market size and total addressable market
  • Your business model
  • Your traction and progress to date
  • Existing competitors (and how you’re better)
  • Your team

PITCH NIGHT

3 May 2018

Successful applicants will be invited to the Pitch Night and given 3 minutes to present their idea to the MAP mentors. There will be no Q&A during this time.

INTERVIEW WITH MAP

7-9 May 2018

Successful applicants from Pitch Night will be invited for an interview with the MAP team and alumni. Your interview will take place on either one of these three dates.

INTERVIEW WITH SELECTION PANEL

May 15 2018

Finally, teams who progress to this stage will present a 3-minute pitch and have a 17-minute Q&A with the MAP Selection Panel.

FINAL REVIEW

May 16 2018

The MAP team will collate feedback from all stages of the selection process and select 10 teams into the startup accelerator.

MAP ACCELERATOR LAUNCH

30 May 2018

Get to know the top 10 teams of the MAP18 Startup Accelerator and watch them pitch at the MAP Accelerator Launch!

Resources

MAP18 Application Workshop 
Demystifying the accelerator application process
Examples of successful startup applications
Tips for applying for MAP
MAP17 Showcase Pitches
Hypetap (MAP15) Pitch Deck
Parkhound (MAP15)Pitch Deck
Sample Application Videos (MAP16 startups)

The Startup Accelerator is for you, if you are…

* A startup with customer or market validation (eg. you have proven that there is a genuine need for the problem that you’re solving)
*A startup with traction (eg: progress to date which demonstrates that you’re onto something)
* Testing and refining a sustainable business model
* Building and testing your product/service for key markets
* Preparing for fundraising
* Looking for access into a global network of mentors and channel partners

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