Information for IACT19 participants
Unleash your inner entrepreneur.
Are you looking to kickstart your entrepreneurial journey? InnovationACT provides you with the skills, tools and networks to make that happen, with support from a range of experts from the community.
Over ten weeks, IACT teams will:
- Participate in intensive workshops that will teach to to conceive, develop and validate an innovative business idea
- Learn from key players in the startup community through expert seminars
- Be mentored by local entrepreneurs and businesspeople
- Get exposed to the other initiatives and support programs available to you beyond IACT
- And the top teams will have the chance to pitch their ideas for a share of the $50,000 grant pool and other startup support
The IACT19 journey
Frequently asked questions about participating in IACT
IACT19 is open to current students of ANU. Individuals must participate in the program in teams of 2-5 people, of your choosing.
If you are not an ANU student but would like to participate in IACT, you can apply for a limited Wildcard place in the program.
IACT19 teams must be made up of two to five people.
No, you are welcome to participate in IACT19 even if you haven’t yet come up with an appropriate idea, though we encourage you to have a think about types of global/business problems that you may be passionate about solving.
The IACT team will support you through the process of conceiving, developing and validating an idea.
IACT welcomes ideas from all disciplines, from mobile apps, to research, to social enterprises, as long as they are not offensive, discriminatory or misleading.
IACT is best suited to ideas that are in the early stages, i.e. ones that are still requiring market validation and significant development.
If your idea is for a startup that has already launched, please only participate in IACT if you feel you have more to improve on your business model and are willing to accept new feedback and ideas.
No IACT events are compulsory, but we find that participants tend to get more out of the program the more they put in. We recommend, as a minimum:
- Attending as many IACT events as possible, particularly Workshops as these form the core structure of the educational component of IACT, and
- Allowing an hour or two per week to work with your team on exercises and activites from the week
If you are unable to attend one or more IACT events, try to make sure at least one or two people from your team can attend and can pass the information back onto the rest of the team. However, IACT events are most effective when the majority of the group can attend and can work on exercises together.
We will be making presentation slides and workshop materials available after events, but please note that IACT events are designed to be experienced face-to-face and not all materials can be translated well to online learning.
Eligible teams will be in the running for a share of the $50,000 grant pool, however grant funding is not guaranteed. The grant pool will be shared between a minimum of five and a maximum of ten teams.
A range of in-kind startup support, such as free business consultations, will also be made available to IACT19 participants. More details on startup support will provided throughout the program.
All participants will also have access to support through mentors, program alumni and other experts.
The IACT program will also expose you to other programs, initiatives and networks available to you beyond the IACT program.
Registrations for IACT19 will open on 24th July 2019. Stay tuned for more details on the IACT website after this date.
To register for IACT, teams will need to complete a brief online form detailing all team members and brief information about your venture idea.