Applications are now open
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 10 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 a focus on customer validation and defining your value proposition we guide you through the process of signing your first customers. The Velocity program aims to give you clarity and guidance that will help you make the decisions that increase the probability of your success. We do this through our carefully designed program, and by surrounding you with a cohort of high-potential founders.
In 2021, we are running two Velocity Programs with the support of LaunchVic. Our first program for the year will begin in April and will be delivered completely online. In the second half of 2021, we will deliver the Velocity Program in person at our offices in Melbourne Connect. With the flexibility of virtual and in person programs, you can now be part of the MAP alumni community from anywhere in Victoria.
The program costs $500 per founder. No University of Melbourne affiliation is required for this program. To be eligible for our Velocity Online program, the participating founder must be located in Victoria and have registered or intend to register their company in the State of Victoria. See our FAQs for more information.
The 2021 Velocity Program is supported by LaunchVic.
Each workshop is a mixture of theory, group activities and networking to improve your knowledge and keep you on track.
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.
Founders from different startups at Velocity work with each other, sharing skills and experience to help each other solve their biggest challenges.
The Velocity Showcase is your opportunity to pitch to a large audience and debut your startup to Melbourne's ecosystem.
Replay the 2020 Velocity Showcase. Discover how the teams developed throughout the program, and the impressive milestones the hit. Learn how they received support from the MAP community and each other.
Watch NowLearn more about the Velocity Program from Accelerator Manager Laxmi Pun and be sure to stay tuned for a fascinating chat with Velocity 20 Founder, Sebastian Farias of Far More.
Watch NowIn this session CharityBay, one of our more advanced startups to go through the program, outline the value they received from Velocity in spite of their traction.
Watch NowCheck out this terrific article by Abena Ofori, that delves into what makes a great MAP application. Abena wrote this about the MAP application process, but the same advice is relevant for your Velocity Application!
Read MoreThe Velocity 21 Presentation pitch deck that accompanies our AMA sessions. Lots of useful fact and figures, timelines and more.
Download PackThe 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.
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.
MAP defines startups as organisations that are scalable, have potential for high growth and or high impact, that use innovation and or address scalable markets.
Unfortunately, to be eligible for Velocity programs, the participating founder must be located in Victoria and register/intend to register their Company in the State of Victoria.
Applications close Monday 8th March at 11:59pm
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.
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.
Applications close Monday 8th March at 11:59pm
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.
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.
That’s a great idea! You can book an office hours chat with our team. Details coming soon.
Absolutely not. All information you submit to us throughout the selection process will remain strictly confidential and private.
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).
Unfortunately we can’t accept applications past the deadline.
This document will give you an idea of what to expect in the final interview and includes a guide for your 3-minute pitch
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.
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.
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.
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.
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.
For 2021, We are running two Velocity Programs. The Online Velocity Program will run from 8th April 2021 to 30th June 2021 and our on onsite Velocity Program will run from the end of September to end of November, dates still to be determined.
Evening workshops run Thursdays 5:30 - 8:30 pm delivered virtually for online program and onsite for the offline program.
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.
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.
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!
The MAP office is located at Level 1, 333 Exhibition Street, Melbourne 3000.
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.
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.
Unfortunately in the Velocity program, this is not possible.
