iAccelerate Economic Impact
A proven track record
The Accelerate Program run at Bega Valley Innovation Hub already has a proven track record of success in the Illawarra region, having been developed at the iAccelerate Centre at the University of Wollongong’s Innovation Campus.
Delivering the goods
iAccelerate has become Australia’s leading accelerator/incubator, and with good reason, and is at the heart of UOW’s commitment to growing a thriving regional economy.
The Accelerate Program is delivering the goods on innovation, jobs and revenues, facilitating rapid acceleration of businesses and attracting new companies and industries to the Illawarra.
See the latest statistics on the positive economic impact the program has made in the region below.
“Since joining iAccelerate we have increased our revenue by over 20 per cent and our staffing from 15 to 20 people, all of whom are located regionally.”
Dean Jackson, Managing Director, Azility
Ahead of the pack
iAccelerate has fostered more startup companies than anyone else in the Australian sector. And that’s no small deal – our little nation is a startup heavyweight, sitting just outside the top 10 global ecosystems.
Creating Sustainable Businesses
The direct benefits of the iAccelerate program in the Bega Valley are significant.
The program has directly impacted the creation of 14 sustainable businesses.
50% of iAccelerate companies in Bega Valley Shire have at least one female founder, well above the national average of 31%*.
Source: *Startup Muster 2018 Annual Report
iAccelerate has supported 14 businesses in 2019 across a range of sectors including disability, technology, personal care, aged services, youth.
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