Australia has thriving environment for surfing, tourism, and wildlife. It does not, however, have a vibrant startup ecosystem. The University of Melbourne in Australia is attempting to invigorate the local scene by forming its own accelerator program to support student-run startups.
The Melbourne Accelerator Program is modeled off Standford’s StartX student incubator, which nurtures aspiring entrepreneurs through “experiential education.” MAP also seeks to smooth the journey from idea to market and spur innovation. The first six-month program began in June and included four companies. Participants received $20,000 in funding, mentoring, and office space.
To read the original article: Student accelerator pulls Aussie startups out from Down Under | VentureBeat
