University of Sydney Incubate Program Winter 2013 Start-ups announced
Incubate the start-up incubator program funded by University of Sydney Student Union and run by James Alexander has announced their Winter intake. They all gave a quick 2 minute elevator pitch at a function last night.
Incubate is a fantastic program, where students and researchers can launch a business inside the University, they get a workspace + $5k plus mentoring and support to get their business launched. When I went to University (some years ago) I don’t ever recall anyone promoting the idea of starting a business or launching or building something or doing anything remotely commercial.
Universities felt their role was to turn out employees or academics, given I am an incurable entrepreneurial tragic I can’t tell you how good it is to see the major Universities changing the culture and running programs like Incubate to try and kickstart an entrepreneurial culture and build something instead of just turning out employees.
They had a major win in their first program over summer with one of the businesses “The Best Day” scoring a $1 million investment round within a month of launching which is one of the fastest capital raising’s I have ever heard of in Australia and a number of the others Cloudherd, Weaver, Snapdisco and Edisse look like they are going to build real businesses.
Incubate Winter 2013 Start-ups
Positive Vapour Culture