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The Impact Accelerator is designed to fast-track innovation in environmental and social change to prepare for the challenges of tomorrow.
Mirvac Group has partnered with global social entrepreneurship platform INCO to deliver Australia's first urban life focused accelerator.
The group is calling for applications from Australian startups and entrepreneurs seeking to gain access to invaluable training and mentorship in green technology and social impact. The Impact Accelerator will also provide the opportunity for successful applicants to become part of Mirvac's ecosystem, as well as the potential for seed stage funding at the end of the nine month program from either Mirvac Ventures or Artesian Venture Partners.
The nine-month program includes:
- Access to Hoist, a collaborative co-working space designed and owned by Mirvac. Startups will have the chance to connect with potential customers to help lift the innovation ecosystem in Australia and champion the growth of impact entrepreneurs.
- Monthly group workshops with successful entrepreneurs and experts from the local ecosystem and INCO global network.
- Individual sessions with a hand-picked personal Mirvac mentor - a successful entrepreneur who is committed to sharing their experience.
- A membership to INCO’s ecosystem of more than 2000 startups in 35 countries, the chance to be part of ecosystem safaris and to secure critical contracts in new markets.
- An incredible opportunity to become part of Mirvac’s ecosystem, and gain access to the Group Business Units.
- Preferential access to up to AUD $100,000+ seed stage funding and follow on and the opportunity to work with Mirvac Ventures and Artesian, one of Australia’s most active venture capital funds.
"With over half of the world’s population now living in cities, the design and development of our urban environments is critical to our economic success, health and wellbeing, cultural development and quality of life," says Paul Edwards, general manager of workplace experience at Mirvac.
"We are thrilled to launch an Australian-first partnership with INCO that will support the future innovators and leaders in this space, who will create intelligent, vibrant, human-centered city ecosystems, solving tomorrow’s environmental challenges and ensuring the long-term prosperity of our communities."
INCO’s incubation, acceleration and training programs support more than 500 impact-focused startups yearly in 35 countries (including popular food waste recovery Phenix), while the company’s venture arm has mobilised over $250 million to help entrepreneurs tackle the major challenges facing our society.
Nicolas Hazard, founder and CEO of INCO, says, "The Impact Accelerator is in a unique position to be a game changer for social and environmental start-ups dedicated to transform our cities. We are offering them the extraordinary opportunity to test or refine their product directly with one of the most sustainable real estate groups in the world, as well as to take advantage of INCO’s global presence to scale their activity and impact. We are proud to team up with Mirvac to contribute to leverage urban spaces as a powerful tool in the fight against social inequalities and climate change."
To be eligible for the program, startups will need to have a beta tested product or an MVP ready to be beta tested in the first three months of the program, to have a clear environmental and/or social mission and key competitive advantages. The company must also be working at transforming urban lives, through the development of a solution in one of the following categories:
- Resource transformation
- Seamless transportation
- Energy optimisation and production
- Data collection and exploitation
- Community connection
- Sustainable procurement
- Future of work
- Alternative design and conception
Applications close 11th September and companies will be invited to a pitch night the following week to present their business ideas to a jury of experts. The top twelve businesses will then be chosen to join The Impact Accelerator program.
Want to apply? Click here to visit the Impact Accelerator website.
Impact: Iva Rajović, Unsplash.