Are you a passionate founder looking to grow your startup and yourself?
Our program is designed to help you accelerate your startup’s progress and develop key founder skills for future success. If you're looking to join a dynamic community of startups working from our Melbourne CBD co-working space, apply for our next LaunchHUB.
The Activator Coach Collective is a group of highly skilled and dedicated coaches who support our startups teams on their business journeys.
The purpose
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.
Format
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.
Eligibility
To be considered for Activator Capital Funding, startup teams must:
*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.
This program is free! RMIT is committed to developing an entrepreneurial culture and supporting enterprise development amongst our community.
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.
Selected teams need to commit 4 hours a week to program participation which includes Monday morning stand-up meetings. Founders get the most value from the program through active participation. This includes working from the co-working space, attending masterclasses, networking events and weekly catch-ups with the startup coaches.
Every Monday we will be kicking off the week with a group stand up meeting to set our goals and intentions for the week. Social events run on Thursdays between 5:30pm – 7:30pm.
RMIT Activator does NOT claim any IP rights in respect of idea or startup. However, RMIT staff applying for LaunchHUB need to consult with RMIT Research and Innovation, given that RMIT has ownership of intellectual property created by staff members in the course of their employment.
LaunchHUB participants have the opportunity to apply for the Activator Capital Fund which grants an interest free loan of up to $25k. Activator will determine your suitability and readiness for funding based on a set criteria. All successful applicants will be expected to pitch for funding 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.
Yes, but teams need to apply for Company Status and bank account within the funding window after submitting their application.
LaunchHUB runs three times per year, so support for your startup is never out of reach. Programs dates for 2020:
LaunchHUB #7 – 30th Mar 2019 – 19th Jun 2020
LaunchHUB #8 – 27th July – 16th Oct 2020
LaunchHUB #9 – 23rd Nov 2020 – 26th Feb 2021
Acknowledgement of country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nations on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.
