UQ Business School's Startup Academy awarded their winner!

25 October 2018

This past week saw the conclusion of UQ Business School’s Startup Academy, an 8-week program designed to help entrepreneurs test the market, validate their ideas with potential customers and design the right business model for their startup.

12 teams gathered at UQ’s ilab to pitch their idea and outline the insights from their customer discovery surveys and interviews. Across the cohort, thousands of interviews with customers and stakeholders took place and ideas were refined, improved and in some cases completely revamped. In the end, the 10 person team of CheeseMate impressed the judges with over 750 survey responses and interviews, validating the market for a low-fat cheese snack for the Chinese market. CheeseMate was awarded $4000 and automatic entry into UQ’s ilab Germinate PLUS bootcamp, a chance to be selected for the 6-month accelerator program offering an additional $20,000 equity-free grant.

Runners-up were MBA-candidate Nathanial Simpson with Rentral Property Disruption and Bettafoodie who look to use food technology to help lower cholesterol.

Startup Academy will be back next semester to help another cohort of entrepreneurs ensure that their great idea has an equally great business model.