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2019 Arc MVP Accelerator Application
Program Outline:

This full-time 12-week program is designed for promising early stage-hardware startups that have identified and can demonstrate market need, that have a functional prototype and that would benefit from having access to a cutting edge prototyping facility and specialised industry mentors to develop polished MVP's they can test with early stage customers in their relevant industry.

Investment opportunity:
Startups accepted into the MVP Accelerator Program focusing on clean energy technologies (energy efficiency technologies, low emission technologies and renewable energy technologies) and agtech may be offered up to $50,000 in seed capital from Artesian Venture Capital firm, in return for 5% equity*.

Startups developing hardware technologies in other sectors may also have opportunities for investment in return for equity.

Arc will run the MVP Accelerator Program providing access to co-working space, advanced prototyping resources and technical support in design, mechatronics and business development (valued at $25,000) in return for 2.5% equity*.


Program Outcomes:

By completing this program, participants will be best prepared to undertake industry trials and start collecting accurate data on the benefits and scope of use of their products. This program is designed to address the gaps present within existing industry-specific accelerator programs that are not able to adequately assist startups throughout their product development stages.

The program provides the ideal platform to make the transition from an early-stage project to a full-scale business opportunity. The Program achieves this by addressing all critical stages needed to launch a new product and business in the market.

We are looking for:

For this cohort, we are prioritising scalable innovative startups developing solutions (with a hardware component) in the clean energy, agtech and water innovation spaces.

Applications are open to anyone who is working towards products in the following fields:

• energy efficiency technologies
• low emission technologies
• renewable energy technologies
• technology to accelerate agri-food R&D
• on farm efficiency
• food processing technology
• new food products
• water innovation

There is also scope for startups that specialise in different areas but that still contributes to clean energy. This includes fields like transport, energy generation, waste management, etc.

Startup stages:

Phase 1 Concept Validation & Business Setup
Phase 2 Hardware Prototyping 101
Phase 3 MVP Validation
Phase 4 Marketing & Sales

Participating startups that arrive with a product with potential, limited market testing, some expertise and a lot of energy, will leave with a validated MVP and a more targeted and clear market strategy.

Key dates (Please note that changes have been made to the key dates which have been updated below):

28 April Application close
3 May First shortlist
8 May Second shortlist
10 May Offers made
27 May Program start

* Terms and conditions apply
For further information contact our Program Manager, Gloria - 0424 921 900 or gloria@arc.space

Startup Details:
Startup name: *
Your answer
Startup website:
Your answer
Tell us more about your startup idea/project (max 300 words) *
Your answer
When did you start working on your startup? *
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DD
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YYYY
Where is your startup based? *
Your answer
What type of product are you building? (max 200 words) *
Your answer
What is your biggest challenge? (max 200 words) *
Your answer
How have you validated your idea? (max 200 words) *
Your answer
Have you tested the prototype in realistic circumstances? If not, why? (max 200 words) *
Your answer
How would you use the provided funding over the next 6 months? (max 200 words) *
Your answer
Do you hold original IP? *
Your answer
What field(s) is your startup involved in? *
Required
Which milestones have you reached to date? *
Required
What are you hoping to get out of this Accelerator (max 150 words)?
Your answer
The Team:
Are you in a team or solo founder? *
Tell us about the background of your team (max 250 words): *
Your answer
Your Name *
First and last name
Your answer
Email *
Your answer
Phone number *
Your answer
Full name team member #2 (type NA if sole member) *
First and last name
Your answer
Email (type NA if sole member) *
Your answer
Phone number (type NA if sole member) *
Your answer
Full name of all additional team members (type NA if sole member) *
Your answer
Email of all the team members (type NA if sole member) *
Your answer
Required Video Submission
As part of your application you must also submit a video showcasing your company and product (max 5 min). Please send the video via email - contact@arc.space
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