Mirvac has instigated a new accelerator program aimed to help Australian innovators find solutions to modern environmental and social challenges.
Started as a partnership between Mirvac and INCO—a top global platform for environmental and social start-ups–The Impact Accelerator is Australia’s first urban life program that blends green technology and social impact.
Their pivotal role in The Impact Accelerator will help Australian start-ups and entrepreneurs expedite the development of workable solutions to these challenges, and to gain training and mentorship opportunities in the process.
Program participants also will play a role in Mirvac’s ecosystem, and also might receive seed stage funding at the culmination of the nine-month program from Mirvac Ventures or Artesian Venture Partners.
During this program, INCO will provide an international network and vast track record of facilitating entrepreneurs’ success, while Mirvac will supply expertise in the real estate business.
General manager of workplace experiences at Mirvac, Paul Edwards, says that with more than half the global populace now residing in cities, the design and development of urban environments is important to our success, health and well-being, cultural development and quality of life. He hopes that this partnership will be conducive to the long-term success of metropolitan communities.
Sarah Clarke, group general manager, sustainability & reputation at Mirvac, says that—as a component of Mirvac’s sustainability strategy–This Changes Everything, the agency has established a goal to be net positive in carbon and water, send zero waste to landfill, and invest $100m in the social sector by the year 2030. Through The Impact Accelerator program, the association hopes to collaborate with start-ups to resolve these challenges with the use of data and technology. And they want to enhance the innovation ecosystem in Australia, enabling them to compete on a world scale.
INCO’s incubation, acceleration and training entities are aiding more than 500 impact-focused start-ups annually in 35 countries, including food waste recovery company Phenix. INCO’s venture arm has contributed more than $250 million AUD to help entrepreneurs resolve significant challenges facing society.
Founder and CEO at INCO, Nicolas Hazard, says that The Impact Accelerator can influence social and environmental start-ups devoted to city transformation. The program gives them the rare chance to test or improve their product with one of the most sustainable real estate groups in the world, and to rely on INCO’s global presence to establish their activity and impact.
The nine-month program includes access to Hoist, a collaborative co-working space designed and owned by Mirvac; monthly group workshops with seasoned entrepreneurs and experts who represent the local ecosystem and INCO global network; one-on-one consultations with a handpicked personal Mirvac mentor; admission into INCO’s ecosystem of more than 2,000 start-ups in 35 nations, and the opportunity to play a role in ecosystem safaris as well as attain important contracts in new markets; and the chance to join Mirvac’s ecosystem and get access to the Group Business Units.
Participants also attain access to up to AUD $100,000+ as seed money, and the chance to work with Mirvac Ventures and Artesian, one of Australia’s most active venture capital funds.
Managing partner at Artesian Venture Partners, Jeremy Colless, says that his company will support start-up businesses that help the globe transition to a low carbon economy.
To qualify for the program, start-ups must present a beta tested product or an MVP prepared for beta testing in the first three months of the program, and have established an environmental and/or social mission and defined competitive advantages.
The application period closed 11th September 2019. Companies will be invited to participate in a pitch session the next week to present their business ideas to an expert jury. The top dozen businesses then will be selected to join The Impact Accelerator program.