Students are taken through a ten week program with one topic a week to produce business model. There are five weekend workshops (starting this weekend) and a series of weekly seminars. The first task for the students is to learn to work together and perhaps is the most valuable part of the program. The students also have to produce a pitch about their idea, which can be fun to watch.
As well as universities, IP Australia are supporting Innovation ACT. One interesting aspect of Innovation ACT is that anyone can participate. Only staff, students and graduates can enter the competition and win $50,000 in funding. Teams have to be at least 50% students.
There is a handbook for participants and another for mentors.