Start-Ups Working With Incubators: Success Stories
To identify 2-3 start-ups, preferably in Australia, that benefited from working with an incubator. The research should preferably focus on cases where incubators have helped start-ups/companies internationalize or have international success.
- In 2017, according to a survey conducted by Roland Berger across more than 50 countries, 49 percent of accelerators and incubators offered international programs, either through partnerships with foreign entities or with foreign locations.
- The official program of the incubator Startmate, based out of Australia, includes a week-long immersion trip to San Francisco to expose the start-ups to investors, customers, and the best practices in the world.
- Some successful start-ups that have collaborated with Startmate are: 5B, Arula, BeyondAg, ByGen, Chatterize, etc.
- Out of all startups that have collaborated with Startmate, 37 percent have received funding, 71 percent are active or have achieved an exit.
- The start-ups that collaborate with Startmate have registered an average initial return on investment of 4X.
- The ThincLab International Incubator Program conducted by the University of Adelaide aims at maximizing the potential for global commercial success of Australian startups and businesses.
- The program targets to enhance the internationalization readiness of start-ups in Australia embedding a selected group of start-ups in supported international ecosystems within the University’s ThincLabs in France and Singapore.
- Some start-ups that have collaborated with this incubator program are Augment Space, Digi Cup, Frontier Microscopy, etc.
Proposed next steps:
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We recommend continued research to identify 8-12 case studies that show how start-ups enhanced their internationalization readiness working with incubators. The research will try to include as many cases from Australia as possible, but will expand the research to any country, if Australian companies are limited.
For each case study cited, the research would provide a brief overview of the incubator’s program, names of the start-ups it has helped and explain how the incubator helped the start-ups to prepare for international success.
We also propose continued research to identify 2-3 key trends pertaining to start-up incubation programs in Australia.
For each trend found, the research would provide a brief overview of the trend, explain how the trend impacts the incubators and the start-ups, and provide examples of incubators and/or start-ups that have successfully capitalized on these trends.