Taking hardware from concept to commercialisation

A program designed by hardware innovators for hardware innovators

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What is Elevate

Taking Hardware from concept to commercialization

Creating a hardware startup is easier than ever. The democratisation of hardware has made hardware accessible to non-technical people. Yet, scaling remains the single biggest challenge facing hardware startups and SMEs. Moving from design to mass production remains very challenging.

ELEVATE is an innovation education series, created by Western BACE and HardworX, funded by LaunchVIC that will consist of meetups, masterclasses, bootcamps, 1-1 expert support and an in depth innovation tour of the Melbourne hardware ecosystem.

Elevate supports Victorian Founders who have a desire to design, create, bring to market and mass manufacture a hardware product. This is not business or growth coaching, but rather mentoring with a technical focus. It will help startups with hardware product development, including anticipating the risks of scaling up, establishing manufacturing and their supply chain, and reducing execution risk.

ELEVATE is not an Accelerator Program or Incubator.

ELEVATE will be delivered as a not-for-profit, community-driven program with content created by hardware innovators experienced with the unique challenges of scaling a hardware company post prototyping and proof of concept stages.

Program Overview

Gain insights and capability to successfully design and deliver a hardware product at scale, from concept to commercialisation.

1:1 Mentoring by Hardware Experts

An opportunity for founders to receive free one-on-one mentoring from hardware experts about anything related to bringing a hardware product to market. Experts will be matched based on how well they can address the pain points of the startup to ensure that high value, impactful mentoring occurs.

This mentoring has been made possible thanks to funding from LaunchVic as part of the ‘ELEVATE – Taking hardware from concept to commercialisation’ innovation education series. If you think that your startup would benefit from this, please register your interest.


Why is this mentoring initiative different to other office hours/Entrepreneur in Residence (EIR) offerings?
Our pool of mentors are hardware experts experienced with the unique challenges of scaling a hardware company post prototyping and proof of concept stages. This is not business or growth coaching, but rather mentoring with a technical focus. It will help startups with hardware product development, including anticipating the risks of scaling up, establishing manufacturing and their supply chain, and reducing execution risk. ELEVATE is not an Accelerator Program or Incubator.


What kind of startups and SMEs are we looking for?
We are looking for startups developing a physical hardware product, consisting of electronics and mechanicals, who are beyond the proof of concept stage / early prototyping stage.

Applications will first be screened for eligibility. ELEVATE is supported by LaunchVic funding, as such, first preference will be given to participants who are based in Victoria, but we do encourage those based in other states to apply. We will then evaluate applications based on the product and the challenges/pain points for which mentoring is being sought. Additionally, depending on the type of product and where the applicant is in the product development journey, we may look for evidence that there are potential customers for this product.


Cost
There is no cost to startups to access the ELEVATE Expert In Residence program. Hardware experts providing mentoring will be paid for their time by ELEVATE program funding received from LaunchVIC.
ELEVATE is delivered as a not-for-profit, community-driven program. We do not take equity or ownership of IP.


Who are the hardware experts?
The resident hardware expert for ELEVATE is Vela Georgiev from HardworX. In addition to Vela herself being available for one on one mentoring, part of HardworX’s role within ELEVATE is content curation, including sourcing of hardware experts. We have a pool of hardware experts in our network, previous ELEVATE events have featured experts from Blackmagic Design, LIFX, Outerspace Design, Tekt Industries and Pini IP; and will select experts based on how well they can address the pain points of the startup to ensure that high value, impactful mentoring occurs.


Logistics
Mentoring will be delivered one-on-one either via face to face sessions or via phone/video conference. There may be potential for mentoring to be conducted on-site at the startup premise.

Upcoming Events

Past Events

Meetups

Meetup #1 – Panel: Challenges of scaling a hardware business

Speakers:

Meetup #2 – Q&A with Grant Petty

Speakers:

Masterclasses

Masterclass #1 – How does a prototype become a product

Topics covered:
  • The typical stages in the development of hardware products
  • The key activities, outputs and deliverables required at each stage
  • The importance of documenting product requirements early
  • How to maximise outcomes from your product development effort
Presenters:

Masterclass #2 – Faster, cheaper, better – Managing trade-offs

Topics covered:
  • How the balance of quality, cost and speed shifts at different stages of the product development cycle
  • How to reduce risk and cost by focusing on the right things at the right time
  • How to maximise outcomes from your product development effort
  • How to apply lean startup principles to hardware product development
  • How to improve product quality and reduce manufacturing time
 Presenters:

Masterclass #3 – IP Protection for Hardware Startups

 Topics covered:
  • What is Intellectual Property (IP) from a hardware perspective
  • The importance of identifying and capturing IP
  • Different ways to protect your IP through legal and operational measures
  • How to avoid making mistakes that reduce the value of your IP
  • Common IP risks and strategies for protecting IP in global manufacturing environments
Presenters:

Gallery

Our Team

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A community driven business hub where people matter, feel a sense of belonging and are supported in striving for growth and excellence.

www.westernbace.com

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Demystifying manufacturing and the hardware supply chain to help startups and SMEs scale successfully and sustainably.

www.innovate.hardworx.io

Register your Interest

Full name*

Phone number*

Postcode of residence*

Email*

Gender*

Are you an entrepreneur working in a hardware startup?

YesNo

If no, what is your occupation?

Your company name
(your startup or employer business name)

What is your primary involvement with hardware?

How would you rate your knowledge of hardware product design processes

How would you rate your knowledge of hardware manufacturing processes

How would you rate your knowledge of supply chain management

Which of these best describes your current hardware development phase?