Startup resources in any given city can be fragmented and difficult to access, which is detrimental for entrepeneurs and growing startups. Understanding the resources available to you as a founder is one of the most productive activities possible, as a missed connection could be the difference between rapid growth and failure. Our Startup Ecosystem Canvas project seeks to provide local entrepreneurs with a clear list of resources for every stage of their startup journey, and outline a basic framework for communities to map their ecosystem.
With applications for the Melbourne Founder Institute coming to a close, we are excited to release the updated Melbourne Startup Resource Guide, which is currently in v3 below! It was developed by the Melbourne Founder Institute and local leaders Cameron Rambert (CEO & Co-Founder, Frankston Foundry), James Bertschik (Co-founder, Frankston Foundry), and Marshall Hughes (Founder, Passel).
More input is needed, so please leave your comments on this collaborative Google document, and it will be considered for the next update.
Are you looking to build a startup in Melbourne? Then apply to the Melbourne Founder Institute today!
A text version of the guide is included below for searchability.
There is no one right way to build a technology company, but for the sake of simplicity we have outlined a basic, common, sequential framework.
1. Idea Stage
This is where new entrepreneurs get inspired, learn best practices, develop skills, validate ideas, and begin to build their team and product.
Melbourne Inspirational Startup Events: Open, inclusive, beginner tech events that often focus on ideation. (i.e. Startup Weekend, idea fairs, and inspirational meetups)
Best Practices Startup Events: Beginner knowledge-sharing events. (i.e. beginner events that serve to educate more than inspire, like 1 Million Cups, Startup Grind, Startup Founder 101, etc).
Training & Feedback: Skill & Idea development events and bootcamps for entrepreneurs. (Ex. bootcamps and comprehensive training programs, like Founder Institute, General Assembly, Lean Startup Machine, code camps, etc)
2. Launch Stage
In this stage, entrepreneurs establish and formalize the company, develop the product, get feedback from customers, and prepare for the next step.
3. Growth Stage
Here, a startup proves their utility, receives recognition, and scales up. This usually requires funding, angels, VCs, and ways to connect them to startups.
4. Success Stories
Successful homegrown companies that have raised significant institutional funding, employ a large workforce, or have achieved liquidity.
To facilitate the steps, every ecosystem needs strong supporters.
1. Tech Evangelists
A list of potential advisors. Successful local founders who lead the ecosystem & frequently mentor newbies. (i.e. Local leaders who have taken a leadership position, speak at a lot of startup events, mentor all the programs, etc.)
2. Startup Government Resources
Public startup programs, grants, and other services that facilitate local economic development.
Major local business or tech universities and employers that attract and retain local talent.
Learn more about the Startup Ecosystem Canvas here, and leave us your thoughts on the Melbourne Canvas on this collaborative Google document, or on Twitter using the hashtag #ecosystemcanvas.
Are you looking to build a startup in Melbourne? Then apply to the Melbourne Founder Institute today