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Promising startups bound for glory with the Melbourne Accelerator Program

Eight student and alumni entrepreneurial teams have been given a headstart in the competitive global startup world thanks to The Melbourne Accelerator Program’s 2015 Fellowships.

The Melbourne Accelerator Program (MAP) is the preeminent entrepreneurship program in Australia. MAP was ranked 13th in the world by Sweden’s UBI Index in their ranking of University startup incubators.

Top startups are awarded Entrepreneurial Fellowships through MAP’s competitive selection process.  Fellowships include $20,000 funding, access to office space and unparalleled networking opportunities, mentoring and the stamp of approval from the University of Melbourne. Fellows are also supported to travel to Silicon Valley for exclusive networking and the opportunity to pitch to high level industry partners.

Previous MAP startups have included Cortera Neurotechnologies, which went on to secure funding from DARPA as part of US President Barack Obama’s BRAIN Initiative, as well as Marita Cheng’s 2Mar Robotics, which has recently been funded by the Victorian Government.

The successful startups for 2015 are:

  • EIRA Biotech – A healthcare startup providing biomedical innovations by applying recent developments in nanotechnology.
  • Hypetap – A platform that lets brands and agencies set up, execute and track the performance of their influencer marketing campaigns.
  • Jobbop – A platform to provide companies with quality ICT hires in under a fortnight.
  • MobilKamu – A revolutionary online platform based in Indonesia where car buyers can spend less than two minutes to find their dream car at their dream price.
  • NoteXchange – An online platform that helps facilitate peer-to-peer learning through the exchange of student notes.
  • Nuraloop – Headphones powered by nuraloop know your ears, delivering sound that’s perfect for you.
  • Parkhound – Parkhound connects drivers looking for parking with local residents and businesses who have spare parking spaces.
  • Relectrify – Relectrify focuses on making energy storage affordable by using advanced battery management systems.

Melbourne Accelerator Program Manager Rohan Workman congratulated the successful teams, who were selected from over 60 applicant companies.

“We are very pleased with the calibre of the startups this year.  It was a tough and competitive selection process which is reflected by the very high quality of those that were successful.”

PhD student in the Department of Electrical and Electronic Engineering, Valentin Muenzel is co-founder of Relectrify, which is developing new battery technology. He said that he and co-founder Daniel Crowley were incredibly excited to have made it into MAP.

“For us, this provides fantastic external validation of the vision we are passionately pursuing, as well as the paths we are taking to get there.”

“We are particularly looking forward to being part of a community of interested and motivated people that are all working very hard to make things happen. No doubt, these coming months will have a lot of excitement in store for us.”

Mr Muenzel said that Relectrify’s technology holds value not only for new battery systems, but also for giving pre-used batteries from laptops or electric cars a second life in solar energy storage.

“In developed countries like Australia this allows homeowners with rooftop solar panels to use more of their own generated energy, and in developing countries it allows customers to keep their lights on at night.”

MAP startups will pitch their concepts at the upcoming MAP15 Launch Party.

When: Tuesday, 26 May 2015 from 6:00 PM
Where: Level 10, Woodward Conference Centre. 185 Pelham Street
Register here.

 

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