Accelerator
Introducing the
Galileo Accelerator
A new type of accelerator.
Focussed on growth, sales
and go-to-market strategy.
Over 12 months, 6 months program with 6 months of follow-on support, our experienced team and program coaches will help you develop your core business functions – hiring, sales and marketing, fundraising, operations, product management – getting together around once per month to focus on a core skill area.
(No relocation req.)
Support & Coaching
How to apply.
Fill out a 'Quick Application’
Meet the Galileo team
Investment Offer
Accelerator Starts
The first program starts from October 2020.
What the Galileo Accelerator offers founders.
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12 Months of Support
Unlike others, we require startups to have 12-18 months of runway entering the accelerator.
We will help with later fundraising support when the time is right – not when the accelerator ends.
Dedicated Program Team and Coaches
We will have accelerator staff and dedicated program coaches available to help you develop your skills.
Monthly ‘Sprint Weeks’
These weeks feature 1-on-1 coaching sessions, customer introductions and operational support.
Connecting you to expertise & follow-on funding
When it's time to raise the next round, we can connect you with VCs who best suit the next stage of your growth – local or international.
Our approach is built on years of doing this.
We are not: an accelerator for "ideas", a university course, an entrepreneurship program, an MBA, generic startup education, your parents...
Tell me more:
frequently asked questions.
What are the Galileo investment terms?
Our standard investment is $240,000 for a 12% equity stake in your company. We deduct a $40,000 program fee (see here), so you receive $200,000 to fund your startup.
That equates to a $2 million pre-money valuation. We wire you the money as soon as you accept our offer.
Most importantly, we want you to have 12-18 months of runway when you join our accelerator. For some businesses (hardware, biotech etc) this may mean we work with co-investors, and we can speak to you about this after you complete your Quick Application.
We prefer an equity investment over convertible note or SAFE, so you know your dilution but we are flexible with this for certain startups. Get in touch!
What stage does my company have to be at to receive investment?
Ideally, we are the first equity investor (that is, excluding grant funding or ‘credit card equity’) in your company. Startups should have an early product in market (ie a minimum viable product) as the focus of the program is go-to-market strategy.
We aim to invest before many VCs would be comfortable. We do this because we can provide tailored support through our accelerator program.
Regardless, we are always happy to hear from you at any stage of your startup. It might not be a fit right now, but we will happily let you know if that’s the case and help where we can.
Where should startups be located or incorporated? Do I need to relocate?
At the stage we invest, we expect most companies to be incorporated in Australia with major operational activities based anywhere here. Our investment mandate requires us to mostly invest in Australian companies, but it does not matter which state or city you are in.
There are no relocation requirements for our program. You will need to join our ‘Sprint Weeks’ in capital cities once a month (virtually during COVID-19), but otherwise we want you based where it makes sense for your business to be based.
Is there follow-on funding after the accelerator?
Galileo has access to a large follow-on fund and follow-on investor network and will aim to assist you raise your next round of financing at the right time for your startup.
Galileo primarily invests your first round and will follow on our investment in future rounds on a case by case basis. Our goal is to help you directly at the early stage, and then connect you to outside investors who can support you as you reach the next stage of growth.
Do I have to participate in the accelerator?
Our standard investment requires all teams to go through the accelerator as this is how we provide tailored support and expert advice to you. We prefer this over the traditional method of sitting on a board (we don't take board seats as part of our investment).
Think of our accelerator as another member of your team to help provide support and feedback as you grow over 12 months.
Do we have to relocate to participate in the accelerator?
No. There are no relocation requirements for our program. If you can travel to our Sprint Weeks than that is preferable but otherwise we want you based where it makes sense for your business to succeed.
What are the time requirements of the accelerator?
We aim not take up your time unnecessarily – it is not daily activities. We will ask all core founders to come together for up to 1 week per month over 6 months either online or in a major city to have participate in training, coaching and meeting potential customers.
We want founders that are excited to participate in our accelerator cohort, who will become your extended peer and support network into the future.
Can I see more details on the schedule and program?
The focus of the program is about go-to-market operations and strategy for companies ready to scale up their minimum viable product.
We work with our portfolio companiesto tailor the right programming for what you need to know, alongside having the right coaches available to give you the advice you need to succeed.
We’re applying a ‘launch and iterate’ approach (like we recommend to our founders!) and more detail will be made available for companies that make it to the next stage of application.
If you have any specific questions please just get in touch or, better yet, fill out a Quick Application.
Start your quick application now.
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