Finalist

Entrepreneurial University of the Year Award

The University of New South Wales

Finalist of the Entrepreneurial University of the Year Award

The University of New South Wales - Australia

"Fostering progress through entrepreneurial excellence"


Engage on social media

@unswfounders
(Official UNSW Founders Twitter account)
https://www.linkedin.com/school/27453474/
(Official UNSW Founders LinkedIn account)
https://www.facebook.com/UNSWFounders/
(Official UNSW Founders Facebook account)
YouTube: https://www.youtube.com/@unswfounders7511
(Official UNSW Founders YouTube account)
https://www.instagram.com/unswfounders/
(Official UNSW Founders Instagram account)

Have a say and vote for this entry to win the People's Choice Award!


Registered vote
500 points per vote

Provide your email address and click on "vote". You will then receive an email that enables you to verify your vote by clicking on a link.

Social media vote
1500 points per tweet. 1000 points per retweet. 250 points for a like.

Support this entry by engaging with it on Twitter. Tweet or retweet using the following two hashtags to support this entry (use both hashtags in the same Tweet). Also, if you "like" an existing Tweet with these hashtags, the entry gets points.
#ACEEU_Awards
#2024Entry866

Summary

The University of New South Wales (UNSW) exemplifies entrepreneurial excellence in higher education, consistently translating groundbreaking research into real-world applications. As Australia’s pre-eminent entrepreneurial university, UNSW focuses on enterprise, partnership, and knowledge exchange, which are central to our 2025 Strategy. The flagship UNSW Founders program, launched in 2017, is Australia’s most comprehensive university entrepreneurship initiative, nurturing over 1,000 startups and training more than 20,000 individuals. UNSW Founders has facilitated substantial external investment in portfolio companies, exceeding $175 million, and creating over 500 jobs. Under the strategic direction of David Burt, UNSW integrates entrepreneurship across its curriculum and research through targeted courses, workshops, and programs. UNSW's leadership in innovation is underscored by its top ranking in the Survey of Commercialisation Outcomes from Public Research (SCOPR) Summary Report. Notable spinouts include Diraq, focused on quantum computing, and Infinity Avionics, the Australian Space Startup of the Year in 2023. These achievements highlight UNSW’s robust support system for entrepreneurs, including funding, mentorship, and networking opportunities. With a strong emphasis on inclusivity and diversity, 47.8% of participants in the UNSW Founders programs were women entrepreneurs in 2023. This holistic approach ensures that entrepreneurial values are instilled across faculty and students, creating substantial positive impacts on various stakeholders and positioning UNSW as a leader in entrepreneurial education and innovation. UNSW’s commitment to fostering innovation and societal impact is further demonstrated by initiatives like the Defence 10x Accelerator and TRaCE programs, which support startups in fields ranging from clean energy to national security. These efforts reflect UNSW’s dedication to driving social uplift and sustainable economic prosperity through entrepreneurial excellence.

Key People


David Burt
Director of Entrepreneurship
Division of Research & Enterprise,  University New South Wales



Dina Titkova
Senior Manager of Entrepreneurship (Startups)
Division of Research & Enterprise,  The University of New South Wales



Kristen Phillips
Senior Manager of Entrepreneurship (Ideas)
Division of Research & Enterprise,  The University of New South Wales



Nina Juhl
Senior Manager of Entrepreneurship (Curiosity)
Division of Research & Enterprise,  The University of New South Wales



Beste Onay
Portfolio Manager
Division of Research & Enterprise,  The University of New South Wales



Caitlin Co
Program Coordinator
Division of Research & Enterprise,  The University of New South Wales



Sasha Whittle
Program Manager 10x All Industries
Division of Research & Enterprise,  The University of New South Wales



Joseph Po
Program Manager Health 10x
Division of Research & Enterprise,  The University of New South Wales



Maddison McCoy
Program Manager Bio 10x
Division of Research & Enterprise,  The University of New South Wales



Eléonore Cluzel
Program Manager Health 10x
Division of Research & Enterprise,  The University of New South Wales



Eleni Assargiotis
Program Manager Climate 10x
Division of Research & Enterprise,  The University of New South Wales



Julie Pham
Program Manager Climate 10x
Division of Research & Enterprise,  The University of New South Wales



Shuoyan Shu
Program Manager Liverpool Innovation Precinct Health Entrepreneurship Program
Division of Research & Enterprise,  The University of New South Wales



Zac Rafidi
Business Analyst
Division of Research & Enterprise,  The University of New South Wales



Victoria-Rose Tucker
New Wave Program Manager
Division of Research & Enterprise,  The University of New South Wales



Georgia Lyons
Peter Farrell Cup Program Manager
Division of Research & Enterprise,  The University of New South Wales



Priscilla Tan
Prototypes Manager
Division of Research & Enterprise,  The University of New South Wales



Hayden Moore
Bits & Atoms Program Manager
Division of Research & Enterprise,  The University of New South Wales



Bryony Tottey
Bits & Atoms Program Manager
Division of Research & Enterprise,  The University of New South Wales



Rita Wu
Startup Year Program Manager
Division of Research & Enterprise,  The University of New South Wales



Matt Macdonald
Michael Crouch Innovation Centre Operations Manager
Division of Research & Enterprise,  The University of New South Wales



Hamish McFarlane
Michael Crouch Innovation Centre Makerspace Coordinator
Division of Research & Enterprise,  The University of New South Wales



Mariana Luis Castillo Patron
Comms & Engagement Officer
Division of Research & Enterprise,  The University of New South Wales



Arash Atashnama
Investment Analyst
Division of Research & Enterprise,  The University of New South Wales


Acknowledgements

• In 2015, Michael Crouch’s generous donation and vision to “find a better way” led to the creation of a unique space at UNSW - the Michael Crouch Innovation Centre (MCIC).Today, as the heart of the Founders Program, the MCIC is a bustling hub where student entrepreneurs, innovators, and makers learn to use state-of-the-art Makerspace equipment, from laser cutters and 3D printers to a variety of shop tools, facilitating the prototyping of start-up ideas and entrepreneurial ventures.

• In 2017, the visionary contributions of Dr. FF Wong and Maha Sinnathamby were instrumental in establishing our flagship Founders 10x Accelerator program. This initiative has supported and provided seed investment to 107 high-impact startups to date.

• The ongoing support from Peter Farrell and the Farrell Family Foundation is another cornerstone of our success. Their generosity powers the annual Peter Farrell Cup (PFC), UNSW’s most prestigious student-led, team-based competitive ideas program. Now in its 24th year, the Peter Farrell Cup is fast-tracking the next generation of entrepreneurs by providing access to the knowledge, tools, expertise, and learning environment essential for their ideas to thrive.

• Chris Baxter, Managing Director of Baxter IP, has been a steadfast supporter of the UNSW Founders program. His involvement helped establish the Entrepreneurial HDR program (eHDR), a comprehensive suite of workshops designed to equip higher degree research students with essential entrepreneurial skills.

• In 2022, we welcomed veteran entrepreneur Gary Zamel as our Entrepreneur-in-Residence, succeeding UNSW’s 2021 Entrepreneur-in-Residence Trevor Folsom. Zamel’s contributions are aimed at directly supporting the startups emerging from our program, all of which are dedicated to solving real-world challenges in health, education, security, and beyond.

• This year we were thrilled to announce our partnership with Westpac for 2024. This sponsorship provides crucial financial backing for promising founders through dedicated pitch prizes and scholarships. This non-dilutive funding support is designed to address barriers that women founders may experience when pursuing their startup full time, including those who may struggle to balance family and work commitments and access capital for business growth. It can also help cover their cost of travel or supplement income when undertaking the 10-week 10x Accelerator program.

• Finally, we acknowledge UNSW and the Vice-Chancellor and President Professor Attila Brungs for embracing entrepreneurship among the top three strategic priorities. This rare and courageous commitment has fostered a thriving entrepreneurial ecosystem at UNSW, empowering countless innovators to transform their ideas into impactful solutions. Their visionary support highlights UNSW’s leadership in solving society’s most pressing challenges through innovation and creativity.

Images

David Burt interviewing Founder at monthly community event

Liverpool Digital Makers Free Workshop - LIP Program

Mentorship & Networking Event

Networking & Community

New Wave & Westpac International Womens Day Event

New Wave Women's Entrepreneurship Program

Pre-Accelerator Pitch Event

Standing room only at monthly community event

UNSW Founders Team

Startup Year Program Cohort with David Burt

IMPACT STORY

Impacting lifes

Forage, a transformative startup, exemplifies the power of the UNSW Founders program in driving societal impact. Founded by UNSW alumnus Pasha Rayan, Forage bridges the skills gap between university education and workplace requirements through virtual work experiences. Pasha's entrepreneurial journey began as a student himself in the Peter Farrell Cup, where the seeds of his founder aspirations were planted. Forage's journey continued in the Founders 10x Accelerator in 2018, receiving mentorship, masterclasses, and a $20,000 grant.
Forage developed a groundbreaking platform during the accelerator, offering students real-world corporate simulations with over 100 leading companies, including General Electric, JPMorgan, and PwC. This platform has enhanced the employability of over 1.7 million students globally, increasing their job readiness by up to five times.

One impactful story is of Sarah, a student from a low socio-economic background who struggled to secure internships. Through Forage, she gained practical skills and confidence from virtual experience programs with top companies. This helped her secure a coveted internship at a major financial firm, transforming her career and lifting her family out of financial hardship.

Forage democratises access to quality career training, leveling the playing field for students worldwide. This aligns with UNSW Founders' mission to empower individuals to solve societal needs through entrepreneurship.

Recently, Forage announced its exit through a merger with a US-based company, further highlighting its success and the impact of UNSW Founders in fostering innovative solutions with global reach. The success of Forage underscores the transformative potential of UNSW Founders in creating profound social impact.

LEARNINGS

Lessons learned

One key learning from our journey at UNSW Founders is the immense value of cross-disciplinary collaboration. Bringing together researchers, entrepreneurs, and industry experts can lead to innovative solutions that might not emerge within siloed disciplines. David Burt, UNSW’s Director of Entrepreneurship, emphasises the importance of building people’s self-belief and agency. According to Burt, many students and staff initially see successful entrepreneurs on stage and get inspired to explore their own potential. This first stage of curiosity and awareness is critical in building a foundation for entrepreneurial success.

For those looking to follow a similar path, we advise focusing on building a strong support network. Mentorship and industry partnerships can provide invaluable guidance and open doors to new opportunities. Another unexpected but crucial lesson is the importance of resilience and adaptability. Startups often face unforeseen challenges, and the ability to pivot and adapt is essential for long-term success.

Lastly, fostering an inclusive environment where diverse voices and ideas are welcomed can significantly enhance creativity and problem-solving capabilities. At UNSW Founders, we have created programs like New Wave, which provide a safe space for women to share their ideas and learn. Such initiatives have shown that when people from diverse backgrounds come together, they can drive significant innovation and societal impact.

In summary, the combination of building self-confidence, leveraging a strong support network, and fostering an inclusive environment forms the backbone of successful entrepreneurship. This approach not only nurtures individual growth but also contributes to solving broader societal challenges.

FUTURE PLANS

What's coming?

UNSW is committed to advancing its entrepreneurial ecosystem to address global challenges. The university plans to expand the UNSW Founders program, enhancing support for early-stage startups through increased funding, international partnerships, and new accelerator streams. Future-focused initiatives include the TRaCE program for clean energy transition, aiming to contribute to job creation and GDP growth while reducing carbon emissions.

Through the Founders New Wave Program and the new Liverpool Innovation Precinct (LIP) Program, UNSW intends to strengthen its focus on women and minority entrepreneurs. Launched in 2024, the LIP Program is based in Southwestern Sydney and aims to drive entrepreneurship in this region by providing comprehensive support to startups, including funding, mentorship, and access to advanced facilities. This initiative ensures diverse and inclusive participation in the innovation economy.

Additionally, the university plans to further integrate entrepreneurship into its research activities, aligning with societal impact goals and fostering cross-disciplinary collaboration to drive innovation. Through these efforts, UNSW aims to maintain its leadership in entrepreneurial education and continue transforming research into solutions that benefit society and the environment.


KEY STATISTICS

12,846

Attendees in programs and events in 2023

2,300

Number of free 1:1 coaching and mentoring sessions provided in 2023

$4 million

Invested into 23 Startups through the flagship UNSW Founders 10x Accelerator

$175 million

In capital raised by UNSW Portfolio Startups since 2017

500+ jobs

Created since 2017

$0.67 billion

Enterprise Value of 10x Alumni

300

New companies incorporated through UNSW Founders Programs in 2017

48%

Of new companies incorporated in 2017 had at least one cofounder who identified as a woman, surpassing the national average of ~22.3%

2024 © ACEEU. All rights reserved.