Demo Day – Class 7 makes their mark & impresses industry
INCUBATE presented their latest cohort of startups on Tuesday night’s Demo Day, highlighting distinct progress and achievement over the 14-week accelerator program. The event attracted an attendance of just under 300 including industry professionals, investors, university and the startup community.
The on-campus program has supported 53 startups to-date from the University of Sydney, with a combined value of $30 million dollars. INCUBATE boasts $2 million raised by 2015 startups alone with a promise of just getting started.
“We’re huge fans of INCUBATE, It’s the best sort of accelerator program to have in Australia” said panelist Petra Andrén, Director of ATP Innovations.
The variety of ventures exhibits how great talent can be found within university. Hardware companies kicked off the evening with Miriad Technologies’ compact spectrometer with applications over a plethora of disciplines such as food production, mining industry, environmental studies and more. Iridium Dynamics’ low-cost drone promises to improve efficiency in agriculture, an exciting innovation with a great potential impact in Australia. The diverse pool of startups spread across industries such as humanitarianism, nutrition, corporate communication, parenting and blockchain equity.
Most relatable to today’s issues is Small Change with a mission to translate social media actions into real meaningful contributions where people can donate as easily as liking or sharing something.
The distinct vehemence of the program’s vast vision was not overpassed. International venture capitalist Terry Hilsberg expresses positive surprise “The thing that struck me, was the international potential of a goodly proportion of the teams. This is in sharp contrast to most of the other programs in Sydney.“
Lenovo Choice Award
The evening wrapped up with Lenovo’s NSW Public Sector Excutive Guy Simons recognising the startups in their feat and awarded My Taste Guide with the Lenovo Choice Award, providing the startup $12,000 worth of Lenovo hardware for developing their business. My Taste Guide was found to be most relevant to a larger market, with a science-based dieting app that allows users to achieve and maintain weight goals while consuming their favorite foods such as chocolate, cakes and ice cream.