Learn more about Velocity 2019.

Sign up for a 4-part email series about the Velocity Program. You will also receive a toolkit that will help you put together a strong application.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Close

The Velocity Program

Could your idea become the next big thing? Velocity can help you find out.

Learn MoreApply Now
The Velocity Program is a part-time program for earlier stage founders. The program comprises 10 workshops centred around customer discovery and market validation with specialised experiences for both for-profit and for-purpose entrepreneurs.

The Velocity program helps early-stage founders pressure test their startups - speeding up their discovery of first customers and pathway to product-market fit. Open to both for-profit and impact startups, it is important to us that both types of founders influence and motivate each other to succeed in business and in impact.

Over 15 weeks, the Velocity program will support you with evening workshops that include expert speakers, founder stories, and group activities to challenge and inspire you. Starting with customer validation and value proposition to test your biggest assumptions, through to signing your first customers, we give you clarity and guidance to help you make the decisions that increase the probability of your success and surround you with a cohort of high-potential founders.

The program costs $500 per founder. No University of Melbourne affiliation is required for this program.

The Velocity Founder's Journey

Stage 1 - Online Application

Applications close Sunday 26th July at 11:59 pm

Your journey begins with an online application, that consists of a 3-min video and short questions about your startup and team. Please express your interest to get details on events to help you put forward a great application. You will be notified if you have been successful for the second stage of selection by Friday 31st July. We advise that you begin preparing your 3-minute pitch ahead of time.

Stage 2 - Interviews

Monday 3rd - Friday 7th August

Up to 40 shortlisted startups will be invited to Stage 2 which is a 30-minute interview with the MAP team and an industry specialist or alumni of the program. The format will be a 3-minute pitch followed by 27 minutes of QnA. Up to 25 selected startups will be invited to participate in Velocity by Monday 10th August, and begin onboarding to the program Tuesday 11th - Friday 14th August.

Velocity Program

Friday 21st August - Thursday 26th November

The Velocity Program which will commence Friday 21st August. Startups attend evening workshops, hosted by mentors, founders, and domain experts from across the MAP network. The focus of these workshops will be accountability, validating problem-solution fit, and finding first customers. Workshops generally run from 5:30pm to 8:30pm on Thursday evenings with breaks for coworking out of the MAP offices. It will take place online or offline should social distancing restrictions allow.

Velocity Showcase

Monday 30th November

Startups who have made the most progress and traction in their startups be invited to pitch  their startup to our community of founders, mentors, and aspiring entrepreneurs - a popular fixture in the Melbourne entrepreneurial calendar.

Velocity Program Benefits
01

Curriculum of high-quality evening workshops.

Each workshop is a mixture of theory, group activities and networking to improve your knowledge and keep you on track.

02

Mentorship from the best and brightest advisors.

Our mentors have been there and done it, and are excited to share stories and listen to your challenges to help you grow your startup.

03

Support from other startups in the program.

Founders from different startups at Velocity work with each other, sharing skills and experience to help each other solve their biggest challenges.

04

Take to the stage at the Velocity Showcase.

The Velocity Showcase is your opportunity to pitch to a large audience and debut your startup to Melbourne's ecosystem.

Frequently Asked Questions

The MAP team are here to help you, and we encourage you to visit our team page and connect with us if we can help in any way. For instant answers, browse our comprehensive FAQ section below.

Who can apply for the Velocity Program?

The program is industry-agnostic and is open to both for-profit and impact startups. This is because we believe in creating an environment where startup and impact founders can influence and support each other with their business, technical and impact acumen. You are not required to be affiliated with the University of Melbourne to take part.

What if I'm a first time founder, a sole-founder or a non-technical founder?

First-time Founders
Yes. We have had many first-time founders in the Velocity program. We support you by surrounding you with people running companies at similar stage to yours and founders who run similar companies to share networks and expertise.

Sole Founders
Yes. While we focus on a startup's team, we do take solo founders who have deep knowledge of the problem they are solving and the ability to deliver it.

Non-technical Founders
Whilst we certainly like to see startups lead by teams with strong technical talent, it is not a requirement to be accepted into Velocity. If you don’t have a technical co-founder or employee, we encourage founders to seek out that talent while in the program.

What stage does my startup need to be in order to be considered for the Velocity Program?

Our Velocity Program supports early stage startups that are at problem-solution fit where startups are focused on validating whether they are solving a meaningful problem and pressure test the biggest assumptions in their business model. We accept startups with innovative solutions, transformative ideas and scale for impact. To be competitive, you will need to have a clear concept, and done some early validation prior to entering the program. We also need to see a strong commitment from you and your team - demonstrate an ability to execute.

When do applications close for the 2020 Velocity Program?

Applications close Sunday 26th July at 11:59 pm

How many stages are there in the application process for the Velocity Program?

There are two stages in the selection process. The first is submitting an online application, which involves submitting a 3-min video of your startup and answering a few short questions about your startup and team. The second is a 30-min interview with members of the MAP team and alumni where you will present a 3-min pitch in person followed by 27-min of QnA. Please see above for dates.

What questions do you ask as part of the application?

Our online application process involves you submitting a 3-min video and answering simple questions about your startup and founding team. If you'd like to see the questions asked and to help you prepare, please have a look at this document for details.

I’d like to have a chat with someone from the MAP team before I apply, how do I arrange a meeting?

That’s a great idea! You can book an Office Hours chat with our team.

Will my application be publicly available?

Absolutely not. All information you submit to us throughout the selection process will remain strictly confidential and private.

I have more than one startup that I've been working on, can I make more than one application?

You are welcome to submit more than one application if you want to submit multiple startups for consideration, but please note that we will ask you to select only one if both make it past the second round of applications (MAP Team Interview).

I missed the deadline, can I submit a late application?

Unfortunately we can’t accept applications past the deadline.

What questions do you ask as part of the application?

Our online application process involves you submitting a 3-min video and answering simple questions about your startup and founding team. If you'd like to see the questions asked and to help you prepare, please have a look at this document for details.

What stage does my startup need to be in order to be considered for the Velocity Program?

Our Velocity Program supports early stage startups that are at problem-solution fit where startups are focused on validating whether they are solving a meaningful problem and pressure test the biggest assumptions in their business model. We accept startups with innovative solutions, transformative ideas and scale for impact. To be competitive, you will need to have a clear concept, and done some early validation prior to entering the program. We also need to see a strong commitment from you and your team - demonstrate an ability to execute.

Do I need a live demo of my product or service for the selection process?

No you don’t. We understand that you may not be at this stage just yet. Even if you do have a demo ready to go, we encourage you to chat to our team about when in stage two (the in person interview) if it would be most appropriate to show it off.

When will I hear back from you about the outcome of my application?

We understand that you will be very keen to hear back about the status of your application, and we will endeavour to process applications as soon as we can. At each stage of the process you will be notified about when you can expect a response by.

Does MAP conduct due diligence on my startup as part of the selection process?

Yes. All startups who make it to the second stage of selection process will go through light due diligence facilitated by members of the MAP team. Due diligence is nothing to be worried about, we’re simply looking to confirm the accuracy of information in your application, and to ensure you’re the right fit.

Will I receive feedback from the judges and MAP team about my application if I’m unsuccessful?

We make every effort to provide each unsuccessful candidate with feedback about their application. This will come in the form of an Office Hours meeting. Unfortunately due to the volume of applications, we can’t guarantee your startup will receive feedback.

When does the Velocity program run? What is a typical week like?

For 2020, the program will run from August to November.

Evening workshops run Thursdays 5:30 - 8:30 pm in a "2 week on, 1 week off" schedule, there are also opportunities to connect with our community of founders on select Wednesdays and most Fridays for internal events and networking.

Does MAP take equity or ownership in my company? What about intellectual property?

Equity or ownership
No. MAP does not take any equity or ownership in your company. Instead, we expect MAP founders to join our community, which means giving back by supporting the next generation of startup founders, and being a mentor and ambassador for MAP. This may include contributing to workshops, mentoring a startup in a future cohort, or making a helpful connection to a fellow founder in our community.

Intellectual property
No. You retain full ownership of all intellectual property (IP) your startup creates.

How much does it cost to take part in the Velocity Program?

It is $500 per founder to participate in the 4-month program.

If you have a multi-founder team, we recommend at least 2 founders participate and/or set up a process to feedback information to the rest of the team so key learnings are shared.

Is there a risk of being kicked out of the Velocity Program?

MAP operates on a culture of respect. We require that all founders hold themselves at the highest standards as ambassadors in our community. We have not had to ask anyone to leave yet, and our values and code of conduct (which will be covered during inductions) ensure that we hopefully won’t have to do so in the future!

Where is the MAP office?

The MAP office is located at Level 1, 333 Exhibition Street, Melbourne 3000.

Is there an opportunity to spend time at MAP?

Yes. We have a co-working space that we can provide founders in the Velocity Program on a part time basis as needed.

I need space to experiment with physical prototypes. Can I do this at the MAP office?

Within reason, yes. We have dedicated space for light prototyping work during your co-working times, however any work that produces significant noise or smells will have to be done offsite. We have access to production facilities in the university which may be of use to you.

Does the MAP office have meeting facilities?

Yes, we have multiple meeting spaces available that you can book for free, as well as video conferencing facilities as well. The MAP office is also surrounded by some of the best cafes and restaurants in Melbourne, a secret list of which will be provided to startups during induction.

Can I access the MAP office after hours and on weekends?

Unfortunately in the Velocity program, this is not possible.

Want to get in touch?

Contact Us
Melbourne Accelerator Program
Level 1, 333 Exhibition Street
Melbourne, Victoria 3000

Get Directions
An initiative of the University of Melbourne.
Copyright 2019. All rights reserved.