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    The IACT17 journey so far

by IACT Crew
5th October, 2017

This year’s InnovationACT program has been our biggest year yet. Over 61 teams, made up students, staff and graduates from Canberra’s major tertiary institutions, have taken part in our 2017 cohort.

The educational component of the program is now done and dusted, and teams’ ventures are currently being reviewed by our judging panel, so we felt it was a good time to recap the IACT17 journey to date.

Over the past couple of months, teams have participated in five intensive workshop events. These workshops are run with the aim of assisting the teams develop a sustainable business model around their idea, providing them with the skills and tools necessary to turn their project into a working venture.

InnovationACT has been really good. Everything has been very informative, especially the toolkits. It’s helped us look for extra features in our idea that we would never have considered. We’ve also been able to connect with some really cool people, in the collective and the mentors.

Joanna & Sunny, team ScriptsReady

These workshops have been complemented by weekly After Hours sessions, facilitated by some of our amazing Supporters, which provide teams with extra knowledge that are essential to starting a venture, such as accounting, legal considerations and intellectual property.

The program has helped us to refine our customer segments. A lot of the feedback has helped to shape which direction we want to go in. We’ve learned a lot of skills which will help us to develop our pitches.

Dan & Tom, team revolt

Teams have also been supported by a mentors from the local entrepreneurial community, who have acted as a sounding board for teams and sharing their expertise to help them further develop and refine their business models.

I think the program has been really great. It’s shown us how you can start with an idea and progress it into business plan. I love the atmosphere of the events, which have provided us with a great insight into the Canberra startup ecosystem.

Oliver, team OK RDY

From 61 teams, the cohort has now been shortlisted down to our top 21 teams. Congratulations to the teams who have made the shortlist thus far:

 

We’ll be announcing the top 10 teams later this week, and these teams will be invited to pitch their projects in front of our judging panel and audience on 17th October, for the opportunity to receive a share of the $50,000 seed pool and other startup support.