Information

ilab Accelerator was established by the Queensland Government in 2000 to support early-stage, high-tech companies. The program is designed to nurture and accelerate the growth of innovative startups by providing access to funding, mentorship, and a network of industry experts. Entrepreneurs will benefit from tailored support, including business development services, networking opportunities, and potential access to follow-on funding. The accelerator aims to cultivate a dynamic ecosystem where startups can thrive and contribute to technological advancements.

How to Apply

To apply for the ilab Accelerator, interested startups should visit the official website and complete the online application form. The selection process typically involves submitting a detailed business plan, outlining the innovative aspects of the product or service, market potential, and team qualifications. Shortlisted candidates may be invited for interviews or pitch sessions. Regularly check the website for application deadlines and specific requirements.

Total number of startups invested: 3

Average Funding: The average funding round typically ranges from $50,000 to $100,000, depending on the specific needs and potential of the startup.

Industry: The accelerator primarily focuses on high-tech industries, including but not limited to software, hardware, biotechnology, and clean technology.

Market: Australia