Join our Startup Community
LaunchHUB is a free and immersive 12-week accelerator program designed to support RMIT startup teams develop skills, grow networks and gain traction. The program is based out of our Melbourne CBD space.
WHO IS IT FOR
LaunchHUB is designed to deliver value to committed startup teams that have evidence of their customers as well as a working minimum viable product (MVP).
LaunchHUB is more than just a program – it is a diverse and inclusive community of startups. We are looking for individuals who align with our values of open mindedness, hard work and collaboration.
WHAT TO EXPECT
LaunchHUB is a fast-paced program that supports a milestone driven approach to help startups gain traction and achieve market launch.
Our dedicated Startup Coach is committed to keeping teams accountable and focused on achieving goals both within the program and beyond. This is supported by masterclasses, startup advisory, resources and opportunities to build networks.
Much of the value you will gain during LaunchHUB lies in the relationships built within the community and learnings from other startups.
Fixed team desk at RMIT Activator CBD
Weekly group coaching & office hours
Connect with RMIT experts
1-1 Professional advisory
Networking, exposure and community events
Founder Skills Masterclasses
Access to student interns
Opportunity to apply for up to $25K Pre-Seed Funding
To be considered for LaunchHUB you must be:
– A startup team with at least one RMIT affiliated team member (student, staff member or alumni)
– Able to work part or full-time from the CBD co-working space for the duration of the program.
– Able to commit to compulsory program participation of approximately 4 hours a week. This includes a Monday morning group ‘stand-up’ between 10am – 11am.
– Able to commit to being a highly participative and contributing member of the Activator startup community.
LaunchHUB program runs from 25th Mar – 22nd July 2019
Applications close at 11:59pm on Thursday 21st Feb 2019
The Activator Capital Board
The Fund supports new ventures through pre-seed loans of up to A$25,000.
The Fund was created to help businesses reach a Minimum Viable Product (MVP) to enable successful market launch and/or attract third party investment for further business growth.
Funds are awarded based on a milestone driven approach and are provided as an interest free loan, emulating typical business rules. Based on set criteria, funding of up to A$25K may be awarded through multiple increments. Teams will be selected to pitch to the Capital Fund Board based on the stage of their business, readiness to pitch and level of engagement in the Activator LaunchHUB program. If selected, startup teams will pitch to the Board outlining specific outcomes that will be achieved by their business over the following 3 months. Note: RMIT does not take any form of equity in any Activator startup.
To be considered for Activator Capital Funding, startup teams must:
– Be a part of the Activator LaunchHUB accelerator program
– Not have previously received funding from prior NEIF or Capital Fund programs
– Be registered as a company and have a bank account in the company name*.
*It is possible to apply for company status and register a bank account after the funding application, however this must be completed within the funding window.
Do I need to be part of a team or can I apply as a solo founder?
As a launch stage startup, we require you to be part of a team with a complementary skill set and shared commitment to working on your startup.
What is the cost of the program?
This is a free program. RMIT is committed to developing an entrepreneurial culture and supporting enterprise development amongst our community.
What is the time commitment?
Over the 12 weeks, the compulsory commitment to program participation is approximately 4 hours a week. This includes a Monday morning group ‘stand up’ meeting from 10am – 11am. As a cohort-based, intensive program, the true value of the program is derived from participation – including working at least part-time from the co-working space, attending masterclasses and networking events, and having weekly catch ups with the business coach.
What does the LaunchHUB timetable look like?
Every Monday we will be kicking off the week with a group stand up meeting to set our goals and intentions for the week. Masterclasses are predominantly run weekly on Tuesdays between 4:00pm – 6:00pm, with social events run on Thursdays between 5:30pm – 7:30pm.
What about my startup IP?
RMIT Activator does NOT claim any IP rights in respect of idea/startup. Any RMIT staff applying for LaunchHUB needs to consult with RMIT research and innovation given that RMIT owns intellectual property created by a member of staff in the course of their employment.
Does LaunchHUB provide access to funding?
As a LaunchHUB participant you have the opportunity to apply for funding through the Activator Capital Fund, which grants an interest free loan up to $25k. Your suitability and readiness for funding will be determined by the Activator team based on set criteria. All successful applicants will be expected to pitch for funds and show what specific outcomes will be achieved over the following 3 months. RMIT does not take any form of equity in any Activator startup.
What if I haven’t set up as a company – can I still apply for funding?
It is possible for teams to apply for Company Status and bank account after the funding application, however this must be completed within the funding window.
When is the next program running?
LaunchHUB runs three times per year, so support for your startup is never out of reach. Programs dates for 2019:
– LaunchHUB #1 – 25th March 2019 – 10th June 2019
– LaunchHUB #2 – 22nd July 2019 – 11th Oct 2019
– LaunchHUB #3 – 18th Nov 2019 – 14th Feb 2020