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*.
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.
Phase 1 Concept Validation & Business SetupPhase 2 Hardware Prototyping 101Phase 3 MVP ValidationPhase 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 applyFor further information contact our Program Manager, Gloria - 0424 921 900 or email@example.com