Launch Your Startup
*** LaunchHUB Applications for November cohort are now closed. ***
WHO IS IT FOR
LaunchHUB is a Melbourne based program designed to take early stage startups through an immersive journey towards market launch. We competitively select up to 10 of the most promising founder talent from the RMIT community to take part in a 12 week intensive program.
WHAT TO EXPECT
LaunchHUB is a fast-paced program that supports a milestone driven approach to achieve market launch. The program involves access to co-working space, weekly business coaching, masterclasses, professional advisory sessions, pitching opportunities, social events, and more.
The program is built on a strong learning base of equipping founders with essential skills that can be applied directly to a startup. We connect you to relevant experts, advisors and networks to set you up on a runway to success well beyond the program. Selected teams will share this journey with a total of 10 teams within each cohort AKA the LaunchHUBbers community.
Free 24/7 Co-working Space
Experts-in-Residence & Founder Advisory
Professional Advisory – business strategy, marketing, legal, accounting
Resilience Building Exercises
RMIT expertise & networks
Masterclasses on founder essentials
Opportunity to access Activator Capital Fund ($25k loan)
LaunchHUB is an immersive 12 week program designed to support 10 early stage startups to launch. We support teams through learning, resilience building exercises, professional advisory, business coaching, exposure opportunities, networking and social events.
– 12 week program
– Cohorts start Mar/July/Nov
– 10 startup teams per cohort
– Access to CBD co-working space
– Weekly masterclasses and business coaching
– Networking and social events
– Opportunity to apply for funding through the Activator Capital Board
– Additional 4 week access to co-working space post program
The Activator Capital Board
The fund is used to support new ventures through pre-seed loans of up to A$25,000, with a focus on helping businesses reach a Minimum Viable Product (MVP) to enable successful business launch and attract third party investment for further business growth.
Funds are provided as an interest free loan (not a grant) with the intention to emulate typical business rules. Capital Board funding is a milestone driven funding approach- funding up-to A$25K which may be awarded through multiple rounds of application. All successful applicants will be expected to pitch for funds and show what specific outcomes will be achieved over the following 3 months. And remember, RMIT does not take any form of equity in any Activator Start up.
To be considered for Activator Capital. a startup team must
– Be a part of the Activator LaunchHUB accelerator program.
– Not have previously received funding from prior NEIF or Capital Fund program.
– Be registered as a company and have a bank account in the company name*.
Our Current Startups
How do I apply for LauncHUB?
You can submit an expression of interest to apply to LaunchHUB when applications are closed. Once the applications open, please submit your application and it will be reviewed by our team.
What are the eligibility criteria?
At least one member of your team is an RMIT student, staff or alumni. We are looking to support startups solving potentially high impact problems in innovative ways, and driven by technology to achieve scale. Teams must be more than one person and based in Melbourne during the 12 week program.
Do I need a team?
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. The opportunity cost of LaunchHUB is covered by the program as a strategic initiative of RMIT to support enterprise development.
What is the time commitment?
As a cohort-based, intensive program the true value of the program is derived from participation – including working from the co-working space with program peers, attending masterclasses and networking events, and having weekly business coaching with Experts-in-Residence. The compulsory weekly commitment to be is roughly 10 hours.
What about my startup IP?
RMIT Activator is NOT claiming any IP rights in respect of idea/startup. Any RMIT staff need 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 LauncHUB provide access to funding?
As a LaunchHUB participant you have the opportunity to be invited to apply for funding through the Activator Capital Fund for an interest free loan up to $25k.
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, clear commitment to do so within the funding window is required.
When is the next program running?
LauncHUB runs three programs a year, so support for your startup is never out of reach. Programs dates for 2018:
– LaunchHUB #1 – 16 April to 3 September 2018
– LaunchHUB #2 – 16 July to 5 October 2018
– LaunchHUB #3 –12 November to 15 February 2019