iAccelerate Economic Impact
Delivering the goods
iAccelerate is at the heart of UOW’s commitment to growing a thriving regional economy. This community we’ve built is delivering the goods on innovation, jobs and revenues, facilitating rapid acceleration of businesses and attracting new companies and industries to the Illawarra.
We’re Australia’s leading accelerator/incubator, and with good reason.
“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, Planet Footprint
Ahead of the pack
We’ve 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 local employment
Since 2012, iAccelerate has been responsible for delivering 386 new jobs in the Illawarra region, with 152 of those created in 2017. That’s a jump of 67% from 2016, and the figure grows exponentially year-on-year.
Supporting economic diversity
Sure, the direct benefits are huge – but the real impact extends far beyond that. iAccelerate is actively working to expand and diversify the region’s economy, supporting businesses from a wide range of fields with an even wider scope for impact.
Bucking the inequality trend
The startup sector, and the tech world in general, isn’t exactly known for its gender balance.
But at iAccelerate, we’ve created an environment and ecosystem that encourages female founders, co-founders and employees to thrive and bring their passion and vision to the table. More than 44 per cent of our founders and co-founders are female – in sharp contrast to national averages.
The big bucks
If money talks, then iAccelerate is making some serious noise.
Our residents reported a five-fold year-on-year revenue increase in 2017, tripling their investment into wages and contractor payments in the same period. We also helped them to a bumper increase in investment capital and a lower reliance on debt.
An incredible launching pad
iAccelerate companies are bringing new ideas to market every day, launching 54 new products and submitting 33 IP protection applications in 2017 alone.
Get in contact
Get in touch with us and discover how we can transform your business together.