Melbourne Accelerator Program and Australia Post Launch New Innovation Partnership

Melbourne Accelerator Program (MAP) is launching its new partnership with Australia Post at the University of Melbourne on Friday, 30 October.

Worth $1 million over three years, this agreement will enable the creation of two new places in the Melbourne Accelerator Program, as well as providing a scholarship to the Wade Institute of Entrepreneurship, both situated in the University of Melbourne.

Critically, it will also create a series of regional and rural outreach initiatives encouraging a pipeline of new entrepreneurs outside metropolitan areas, with a particular focus on building the capacity of female entrepreneurs and supporting the growth of social entrepreneurs.

Both the University of Melbourne and Australia Post are committed to building a vibrant future for Australian communities and this partnership will play an important role in powering the innovators and job-creators integral to realising that shared vision.

About Australia Post
Australia Post has a long history of innovating to keep pace with community expectations. Australia Post has continued this tradition and repositioned itself as a leading eCommerce business. Today, the organisation is focused on delivering the solutions that will keep Australia connected for decades to come.

About Melbourne Accelerator Program
Melbourne Accelerator Program (MAP) was launched in 2012 to raise the culture of entrepreneurship at the University and beyond. This year alone, MAP’s pipeline-building activities have been attended by 5000 budding entrepreneurs. In 2016, MAP will award 10 startups with $20,000 funding, office space, mentoring and opportunities to pitch in Melbourne, Sydney and Silicon Valley. 16 Companies have graduated from the MAP Startup Accelerator and between them have raised $10 million in funding, created over 120 jobs and generated over $5 million in revenue. In 2015, MAP has been ranked as 2nd best university accelerator program in the Asia Pacific region (global rankings are yet to be released).