Global Markets Accelerator Program
Are you looking to take the next step and expand globally?
The Global Markets Accelerator Program, funded by AusIndustry, is your key to understanding and accessing international markets for your start-up. We will help boost your start-ups growth and success on the global stage. This two-part program consists of an online ‘feasibility study’ for 8 weeks with an opportunity to gain access to the second stage, a 6-month accelerator including an international experience with one of our four partners: imec.start (Belgium), T-Hub (India), Innovation Factory (Indonesia) or Singtel Innov8 (Singapore).
A major hurdle for start-ups is to find first clients in any new market – our partners provide access to potential clients, partners and venture funding through their extensive networks. Through one-on-one mentoring, unique opportunities and events from our partners, access to a support network through to the workshops in the accelerator, this program will encourage you to think globally and become ready to expand internationally.
During Part One, the Feasibility Study, you will be supported by a team of university students, made up of those studying at universities in the partner country as well as those studying at La Trobe. The purpose of the students is to provide you with additional market research and insight into the cultural aspects of selling to consumers and or businesses in their chosen geographical market/s. View our students as your ‘ears and eyes’ of what’s ‘hip, cool and happening’ so you are accessing the right social media channels for your products and services.
We especially encourage start-ups from regional and rural locations to apply for the program.
Belgium, India, Indonesia, Singapore… which to pick?
All of our partners locations have a strong record of entrepreneurial support and outreach as well as extensive networks. Although, all have their unique offerings and domains that work best.
imec.start, ranked the no.1 university-linked accelerator in Europe, launched in 2011 in Belgium as one of Europe’s first startup accelerators. Almost ten years later, they are a globally recognised program with a portfolio of over 200 startups and scaleups, including an exhaustive partner and mentor network. They believe in entrepreneurship and technology and their mission is to support tech entrepreneurs when they’re ready to take the plunge. They do that through a world-renowned coaching program backed by imec as well as investment.
T-Hub enables and empowers an ecosystem hungry for innovation. Based in Hyderabad, India, it leads India’s pioneering innovation ecosystem that powers next-generation products and new business models. T-Hub has provided over 1100+ national and international startups with access to better technology, talent, mentors, customers, corporates, investors and government agencies.
Innovation Factory (Indonesia)
As a technology innovation hub in Indonesia, Innovation Factory enable key actors in the tech startup ecosystem to meet, collaborate and scale together. They are building a thriving tech and innovation startup community and have established partnerships with organisations and corporations to foster technological innovations, empowering both Indonesian as well as international startups through a series of accelerators, market access and corporate innovation programs. Innovation Factory is also a part of a global network with presence in South East Asia (Singapore, Vietnam and Thailand), USA, and China.
Singtel Innov8 (Singapore)
Singtel Innov8 is a corporate venture capital fund US$250 million, with presence in Singapore, Silicon Valley, Tel Aviv and other markets. Innov8 focuses its investments on technologies and solutions that lead to quantum changes in network capabilities, next-generation devices, digital content services and enablers to enhance customer experience. It works closely with the ecosystem of leading innovators, developers, government agencies, R&D and capital providers to bring cutting-edge technologies and solutions to the various markets the Singtel Group operates in.
Webinar series – Global Markets Accelerator: Expanding into Europe and Asia
To find out more about which location you should choose in your application or just to find out more about the European and Asian markets, we highly recommend you join our upcoming webinars:
Singtel Innov8 (Singapore): Tuesday 4 August, 4pm - 5:30pm
imec.istart (Belgium): Tuesday 11 August, 4pm - 5:30pm
Innovation Factory (Indonesia): Wednesday 19 August, 4pm - 5:30pm
T-Hub (India): Wednesday 26 August, 4pm - 5:30pm
Please register at www.globalmarketsaccelerator.eventbrite.com
Applications are now open. To apply, please fill out the form below.
- Applications open: Thursday 16 July
- Applications close: Friday 28 August (please note that applications will be reviewed throughout the application process)
- Part One – Feasibility Study: Monday 14 September – Friday 13 November
- Part Two – Global Markets Accelerator Program: 6-month program including international travel to selected market, November 2020 – April 2021 (depending on travel restrictions)
For further information please get in contact (15 minute drop-in meeting available)
Am I eligible to apply?
We are looking for start-ups and scale-ups who are ready to who have already validated their products/services to at least one market and are looking to launch internationally. You can be from any industry.
Please note that the application form requires a 10-15 slide deck presentation of your business as well as a reference letter from an incubator/accelerator manager, angel etc.
What is the time commitment of the program?
Subject to change, the following provides an overview of the commitment required for the program.
Part one - Feasibility study: We estimate that the program will need approximately 15 hours a week of your time. This could include, but not limited to, 3 hours of coaching, 1 - 2 hours of webinars, and approximately 11 hours working on your business and with La Trobe University and/or our partners students to support you.
Part two - Global Markets Accelerator Program: We estimate that you will need to commit to 10 to 15 hours a week for this 6 month program. This will also include a 4 week overseas immersion with access to our partners exclusive events. During the program, we foresee that you will attend 1 - 2 hours of coaching, 2 hours webinars delivered by our partners, 4 - 6 hours worth of networking and engaging with partners and 2 - 4 hours of individual work to better define your business model.
What will I be receiving as part of this program?
By the end of the process the start-up shall be able to adapt its business model where necessary, as well as develop a go-to-market strategy which focuses on the next steps of the market entry. An ideal outcome will be that you will have your first international client and/or first partner or venture funding.
There are two parts to the program? Please explain.
Taken from a Northern European model, this program is divided into two part to enable the best possible success for your start-up. Part one, the Feasibility Study which focuses mainly on mentoring, is a market validation and research process which will help you define the best market specific for your start-up. This will be done with the support of experts, mentors and students. We will support you to understand your readiness for your selected international market and help with your business model. We will assist you with creating a value proposition for the overseas selected market and support decision making of the most significant market to access.
Based on the results of the Feasibility Study, selected scale-ups (approximately 2 for each international location, around 8 in total) will be accepted for the Global Markets Accelerator from November 2020 – April 2021. This includes an exchange program in Belgium, India, Indonesia, and Singapore respectively in 2021 for 4 weeks. You will be working closely with the international partner throughout the 6-month accelerator period. More details on the accelerator will become available closer to the delivery period.
Who is La Trobe Innovation and Entrepreneurship (previously known as LTAP)?
Innovation and Entrepreneurship is a key focus within La Trobe University's Industry Engagement strategy. Within our range of programs, we have supported over 111 start-ups over the past three years, and counting.
La Trobe University is looking to help equip a variety of start-ups, scale-ups, businesses, students, researchers and alumni pivot and accelerate through COVID-19 and beyond. In addition to delivering programs to inspire entrepreneurial mindsets within our staff, students and academics, we aim to build the entrepreneurial ecosystem within Victoria.