Applicants for the Breakthrough Victoria Fellowship Program will now gain exclusive access to MIT's Orbit AI platform, a state-of-the-art resource designed to help students to get started on their entrepreneurial journey.
The MIT Orbit platform integrates OpenAI technology with instructions from two bestselling entrepreneurship books, serving as a market discovery co-pilot.
Renowned for its culture of innovation, research, and entrepreneurial ecosystem, MIT has a strong track record of producing successful startup founders. The Orbit AI platform provides AI-powered guidance to help entrepreneurs test their ideas and transform them into thriving businesses.
The Breakthrough Fellowship Program is a $7.5 million, multi-year initiative aimed at nurturing entrepreneurial talent and enhancing future investment pipelines in Victoria.
It is projected to establish up to 50 new companies and create at least 50 jobs, thereby contributing significantly to the local economy.
University of Melbourne Professor of Business and Economics Colin McLeod’s PhD Innovators post-program review found that 89% of respondents were interested in becoming venture founders yet faced a scarcity of investment opportunities. The BV Fellowship program is designed to bridge this gap.
By incorporating MIT's Orbit AI into our fellowship program, applicants evaluating the commercial potential of their research will gain access to tools that enable idea testing and identification of critical validation points. For example, it can help them to identify potential customers to have a conversation and to strengthen their fellowship applications.
Orbit AI combines OpenAI and two bestselling books, Disciplined Entrepreneurship: 24 Steps to a Successful Startup by Bill Aulet and Disciplined Entrepreneurship Startup Tactics: 15 Tactics to Turn Your Business Plan into a Business by Paul Cheek, both considered essential reading for budding entrepreneurs because they offer a clear, actionable framework for building a successful startup, combining strategic steps with practical tactics to turn ideas into thriving businesses.
Orbit AI also offers connections within the MIT as well as BV fellowship entrepreneurship community for people who are looking for co-founders.
Orbit AI does not replace the hands on experience potential applicants can receive through accelerator and incubator programs within universities and CSIRO ON but can be a complimentary tool for budding founders on their journey to commercialisation.
Access to Orbit for applicants to the BV Fellowship ensures they are equipped with the additional tools and support to transform their innovative research into successful commercial ventures, reinforcing Victoria's position as a leader in research entrepreneurship.
Orbit Registration
- Register for Orbit here: https://orbit.mit.edu/institutions/breakthroughvictoria/register
Please use your university, research organisation email address. If you do not have a current university email address, please email to fellowship@breakthroughvictoria.com your non-academic email address.
- Login in here to complete your profile: https://orbit.mit.edu/login
Consider using your profile bio as a tool to find a co-founder or mentor.
Find out more about the BV Fellowship program here.