About InnovationACT
Goals
InnovationACT was originally conceived by a group of PhD students as a way to enable the flow of information and resources between academia and industry. The main goals of the program are:
- To promote learning and understanding of the diversity of fields necessary for the development and commercialisation of a viable product.
- To increase awareness of entrepreneurship and commercialisation within the university including funding sources, idea protection and taking the idea to the market.
- To promote the ideas and innovations of university staff and students to the business community.
- To encourage responsible and sustainable business practices to University staff and students and the wider business community
Structure
All University staff and students are invited to attend seminars on commercialisation and business planning given by invited speakers from the business community in the ACT and NSW.
We encourage all everyone to come along
to learn about all aspects of business and commercialisation.
Participating teams are required to register and are assigned a business leader as a mentor. Interdisciplinary teams are encouraged and a team formation evening - in the form of a speed dating evening will be held. So come along and find a team to offer your services to.
Each team will produce an executive summary and a professional business plan under the guidance of their mentor and will submit this to be judged. Two opportunities are also given to present their ideas in the form of an elevator pitch, where the teams are given a few minutes to pitch their idea, and a longer presentation prior to awards being given.
All aspects of commericalisation and business planning will be covered during the program. Seminars will be provided on the following topics:
- Introduction to Innovation
-
Intellectual Property
- Product Definition
-
Market Sizing and Validation
- Taxation and Company Structures
- Financials and Resources
- Environmental and Social Sustainability
- Business plan writing and presentation
Additionally, web based resources will be provided throughout the program.