How it works
A unique formula
At the Bega Valley Innovation Hub we are part of the iAccelerate Innovation Network, we do things differently. Together, we’ve developed a unique formula that up skills and empowers you to take your idea from its earliest spark and nurture it into a strong, sustainable business in record time. Our multi-faceted approach supports startups, businesses and entrepreneurs, harnessing the benefits of working with a world-class, research intensive university to deliver the greatest economic impact.
From intake to graduation
To date, we have seen 24 businesses complete the Activate program over 3 cohorts since BVIH inception in 2019. We will be running 2 application intakes in 2022. To apply to join the BVIH cohort, we ask you to complete a written application. The application is designed so we can get a sense of who you are, what you’re aiming to do and the impact your business could have on the regional economy and broader society. It also helps us determine if you’re right for the Bega Valley Innovation Hub and we’re right for you.
“The lean system has been absolutely fantastic in understanding how to set up the business and realise what you have to do to make it sustainable from the start.”
Andrew Byron, CEO, Podular
New intakes start with a written application then a pitch to our selection panel. Those who make the cut move to our trailblazing Educate program. Meeting the assessment criteria moves businesses into the seed funding, incubation and opportunities for further funding. The final step is graduation into the local economy as a well-prepared and sustainable business.
What we look for
When we’re scoping high growth companies to become the next Bega Valley Innovation Hub residents, there are some key attributes we value.
- Using technology for global growth
- High performance teams
- Authentic connection to the problem and market
- Deep market understanding
- Sustainable competitive advantage
- Large addressable market – scalable
- Global ambitions
- Commitment to the Bega Valley region and to the individual business idea
- Reasonable state of development
- Open to feedback
Get in contact
Get in touch with us and discover how we can transform your business together.