Velocity Program: Selection Process

MAP Velocity Program

The Velocity Program helps early-stage founders to speed up their search for problem-solution fit and discovery of first customers.

Applications for MAP Velocity Program are open 15 March – 17 April 2017.

Open to both for profit and for impact startups, you will leave with clarity and accountability in your startup and a strengthened network of like-minded, motivated founders and mentors. By merging the worlds of startup and social enterprise, we also create a valuable experience for startups focused on social and/or environmental impact.

The Velocity Program comprises eight evening workshops from June until December 2017. The program concludes with a Startup Showcase in February 2018.

The Velocity Program is a blend of theory and skilled-based workshops, networking, and mentorship. We will help you through the common sticking points startups face as you test your business model using lean startup and customer discovery techniques developed in Silicon Valley. There will be three additional workshops dedicated to impact founders.

MAP supports all kinds of startups across a broad range of categories. The Velocity Program is open, through a competitive application process, to 30 startups (15 for profit and 15 for impact).

No University of Melbourne affiliation is required for this program.

Program cost is $350 per person.

All applicants will need to be available for the key selection dates outlined below.
The 30 successful startups are invited to spend time in the MAP office and will be invited to participate in selected Startup Accelerator workshops.

Please subscribe to our newsletter and follow us on Facebook for updates on selection.

If you’re a highly motivated founder, apply for the Velocity Program here.

Selection Process

ONLINE APPLICATION

(Video + Online Form)

15 March – 17 April (11.59pm) 2017

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

ROUND 1 OFFERS & INTERVIEWS

1 – 5 May 2017

Video and written applications will be reviewed and eligible candidates will be contacted for a short interview.

ROUND 2 OFFERS & INTERVIEWS

8 – 12 May 2017

A second wave of interviews and offers will be conducted for eligible candidates.

FINAL OFFERS & INTERVIEWS

12 May 2017

Final interviews and offers will be given by 12 May 2017 determining the final cohort of Velocity Program participants.

INDUCTION

23 June 2017

MAP17 Velocity Program welcome, briefing and official induction for the successful teams. A must to attend for all selected teams.

MAP ACCELERATOR LAUNCH

31 May 2017

Get to know the broader MAP community as the 10 teams in the MAP17 Startup Accelerator pitch at the MAP Accelerator Launch. Support and mingle with your fellow MAP founders and the broader startup ecosystem at the Plaza Ballroom at the Regent Theatre.

Resources

Sample Application Videos (MAP16 startups)
Social Impact Showcase (Feb 2017)
MAP16 Application Workshop Slides
MAP16 Application Workshop Video

The Velocity Program is for you, if you are…

* An early stage startup looking to validate your business approach (eg. Testing your startup serves a specific market, ensuring your solution serves your beneficiaries etc.)
* Interested in learning about potential business or impact models and revenue streams
* Trying to understand more about your customers, market and developing a sustainable pilot product / service
* Seeking to maximise the impact of your business
* Looking for an experienced network of mentors and peers

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