It's been a whirlwind three months, but all good things must come to an end – and that includes ON Accelerate5!

Humble Beginnings

ON Accelerate5 kicked off with Bootcamp in November, with 20 teams challenged to demonstrate why they and their deep technology should be one of the teams selected for ON Accelerate in 2019.

Heather Robson shared her insights from ON Accelerate4 with the cohort at Bootcamp.

The top teams then headed to Immersion Week in February, with the cohort in Sydney for five whole days! To start them out, the cohort were taken through the ins and outs of prototyping, resilience, team building (with the difficult conversation around splitting the pie), and pitching, rounding the week off by revisiting their Business Model Canvas.

Getting to work

Over the next 15 weeks, the cohort travelled to Perth, Sydney, Canberra, Adelaide, Brisbane and Melbourne for fortnightly face-to-face workshops called Level-Ups. During their travels they deep dived into content on prototypes, hustle (and how it could work for them), their financial model, competitor landscape and market. They had difficult conversations around commitment, responsibility, reward and who would be stepping up to lead the team.

The ON Accelerate5 cohort at Immersion Week.

The cohort also worked on their presentation skills, had media training and learnt how to communicate with investors. They learnt about different kinds of investors, how to get the most out of a term sheet, and a range of other funding opportunities they could capitalise on.

Demo Day

Demo Day came to life on 2 May (read all about it) ! Demo Day is our opportunity to bring the innovation ecosystem together and connect teams with people that can help them, either through investment, support or even just good advice. The cohort had a chance to pitch their ideas to the crowd, and show off their technology during networking. The following morning teams had another chance to engage with investors at the Investor Breakfast.

Melanie White from Inova Medical presents at Demo Day 2019.  ©CSIRO, HOMEPIX

Next steps

With Demo Day done and dusted, a more relaxed cohort headed to Melbourne for their final Level-Up. Here they had a chance to set their goals as a company, plan their next steps, celebrate their successes, and say some emotional goodbyes to their cohort and the ON team. We'd like to wish all of the teams the best of luck, and welcome them to our Tribe community!

If the ON Accelerate journey sounds like something you'd like to experience, applications open 29 July. For more information head to our website or send us an email at on@csiro.au.

Watch the Accelerate5 teams pitch at Demo Day.

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