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 open Monday 1st May 2018.

Watch this space for more updates.

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 or environmental impact.

The Velocity Program comprises evening workshops from July until October 2018. The program concludes with a Early Founder Startup Showcase in February 2019.

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 are also workshops designed to equip impact founders with powerful impact gap analysis techniques developed in the UK.

MAP supports all kinds of startups across a broad range of categories. The Velocity Program is open, through a competitive application process, to 20 startups (10 for profit and 10 for impact).

No University of Melbourne affiliation is required for this program.

The program costs $500 per founder.

All applicants will need to be available for the key selection dates outlined below. The 20 successful startups are invited to spend time in the MAP office and will also be invited to attend select 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.

Selection Process

ONLINE APPLICATION

(Video + Online Form)

1 May – 12 June (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

INTERVIEWS

18 – 21 June 2018

Video and written applications will be reviewed and eligible candidates will be contacted for a short interview (20 mins) during the dates above.

SELECTION

22 June 2018

Following the interviews, 20 successful startup teams will be notified and asked to begin the on-boarding process to confirm their place.

ON BOARDING

25 – 28 June 2018

MAP18 Velocity Program welcome, briefing and official on-boarding for successful teams. This is a must for all selected teams and will determine the final cohort of Velocity Program participants.

VELOCITY PROGRAM

JULY – OCTOBER 2018

Workshop dates (subject to change and on most Tuesdays)

July 17, 24, 31; August 21, 28; September, 18, 25, October, 16, 23, 30.

Program manager check ins and assigned co-working days in between the dates listed above.

Further details will be found in the Welcome Pack given to successful participants.

VELOCITY SHOWCASE

February 2019

A night of potential and promise. A select number of early stage founders who demonstrate significant traction throughout the Velocity Program will be selected to pitch at the Velocity Showcase. If selected, you will go through an intense pitch and startup process to prepare for your startup’s debut to a panel of judges and an audience of first customers, mentors and aspiring founders.

Founders stand the chance to continue their startup journey with support of the following experiences

  • Cameron Foundation Impact Prize – The chance to attend Map the System Competition at the Skoll Centre of Social Entrepreneurship, Said Business School, Oxford University, UK.
  • MAP Innovation Prize – The chance to attend the European Innovation Academy in Turin, Italy.
  • People’s Choice Prize – The chance to cowork alongside MAP19’s cohort of founders for a month in Melbourne, Australia.

Resources

Velocity Showcase Brochure (Feb 2018)

Social Impact Showcase Brochure (Feb 2017)

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 or service
* Seeking to maximise the impact of your business
* Looking for an experienced network of mentors and peers

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