We are entirely focused on working with hardware startups and our state-of-the-art makerspace facility serves as a one stop shop for all their prototyping needs. We’ll offer you advice, make introductions, and fill skill gaps or relieve bandwidth constraints that are preventing you from reaching development milestones. In addition to all of this, we’ll introduce you to mentors and experienced advisors, as well as our broader community of talented designers, artists, engineers, and entrepreneurs.
Sydney Hardware Incubator offers a challenging and comprehensive 6 month curriculum of company-building sessions designed to help entrepreneurs build every aspect of their business, from the core idea to the product, team, and revenue model. Each weekly session lasts about 6 hours, and is led by 3-5 startup Mentors who share their advice and provide our participants with critical feedback. In addition, our Founders are given challenging assignments to build key aspects of the business between the sessions, and receive Group Meetings and Office Hours to facilitate progress.
Each session typically begins with progress reports from all program participants. Each founder or team explains the progress they made since the last session, and outlines their biggest challenges or learnings to the cohort.
Then the session moves to talks from experienced Mentors, who will lay out a roadmap on how to build an impactful product and/or service. Topics that will be covered include establishing priorities, brainstorming strategies, outlining features, getting product feedback, creating a roadmap, determining production costs, and more.
Founder Hotseat Pitches and Feedback
Getting consistent feedback throughout the business-building process is extremely helpful.
This is why every session contains multiple "Founder Hotseats", where Founders pitch of their startup, and their progress made in the program, to a panel of Startup Mentors. On a scale of 1 - 5, Founder’s pitches are graded on the clarity of their presentations, the quality of their idea, and more. After providing their ratings, Mentors give the Founders critical advice on how to improve the pitch, idea, and business.
The final portion of the session is a Q&A discussion in which Founders will have the opportunity to ask the Mentors questions about the challenges they are facing. Here, Founders can hear personal stories from the Mentors themselves, get additional feedback on their startup ideas, and more.
WHEN WILL I HEAR BACK ABOUT MY APPLICATION?
We aim to get back to your application within 7 business days.
At the most you'll hear back from us by
WILL YOU SIGN AN NDA?
Every application that we receive is non-disclosure backed. We are happy to sign one when we follow up about your application.
Sydney is filled with ingenious physical products ideas, engineers and prototyping facilities. It also has a lot of hidden hardware companies like Røde Microphones. We said Let us capitalise on the brilliance of Sydney Founders and create a lean hardware program that doesn't exist here...until now!
WHAT KIND OF PERSON ARE YOU LOOKING FOR?
We look for founders who have passion and can really drive their idea.
WHO DO WE ACCEPT? WHAT'S YOUR CRITERIA?
Invention that has a market
Invention that's meaningful and impactful
Founders that have a passion & can really drive it
DO YOU INVEST?
No, we have funding partners that come in at a later stage and assess your idea/prototypes that may fund you.
We believe pre-sales & frugal bootstrapping are usually a great way to build the fundamentals of your business first.
DO YOU TAKE EQUITY?
We don't take equity. We are funded by the program fee.
WILL I NEED TO BE IN SYDNEY FOR THE PROGRAM?
Yes. Although let us know where you'd like us to open another one or if you want access to our course materials in the future when we consider a online complimentary course offering.
WHAT DOES SYDNEY HARDWARE INCUBATOR DO?
WHAT HAPPENS AT THE END OF THE PROGRAM? AM I ON MY OWN?
We will continue to help support you and connect you to our global network in funding, advisory and manufacturers. You can also choose to continue to work out of the Makerspace for access to tools/machinery for a fee*.
IS THE HARDWARE ACCELERATOR COST PER PERSON OR PER TEAM? HOW MANY PEOPLE CAN BE IN THE TEAM?
Accepted teams are invited to enroll in the program for a discounted Course Fee per-founder. For example, teams of 2-3 are invited to enroll for 1.5X the Course Fee, and teams of 4-5 for 2X the Course Fee.
It's 7499 + GST per founder.
If you have a team of 2-3. The team pays 1.5x the cost.
That is 11248.5 + GST
IS THERE A PAYMENT PLAN OPTION?
Yes. It's $4000* upfront so we can cover the included flight and accommodation costs to China.
Then on Week 7 Mentor idea Review & Feedback Saturday, 21st March 2020 another $2000*.
Then if your idea hasn't been invalidated by Week 19 Mentor Progress Review Saturday, 27th June 2020 another $2000*.
*These figures exclude GST