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Startups focused on national security & dual-use technology may receive investment up to $400,000 from Salus Ventures
The University of Queensland (UQ) Ventures, in partnership with leading Australian venture capital fund Salus Ventures, today announced that applications are now open for the National Security & Dual-Use Technology Cohort of the prestigious Momentum Accelerator.
The 12-week program, commencing in April, is tailored for startups operating within the national security and defence technology landscape, offering founders a unique opportunity to scale their businesses while contributing to one of Australia’s most critical sectors.
Startups working across diverse sectors like AI and Data, Quantum Computing, Cybersecurity, Aerospace, and Digital Health are encouraged to apply. Applicants should have proven traction with demonstrated market validation and growth potential.
The program is designed to equip participants with the insights, resources, and connections necessary to thrive in the complex national security and dual-use industries. With a focus on innovation and impact, Momentum Accelerator stands out for its tailored mentorship, exclusive introductions to industry networks, access to investment opportunities, and insights from thought leaders and an Entrepreneur in Residence (EiR).
Vu Tran, Co-founder of Go1 and Black Sky Industries, will serve as EiR. Vu’s insights, drawn from his experience building pioneering propulsion and aerospace technologies, will be invaluable to the participating startups.
Key Program Highlights:
- 12-Week Program: A comprehensive accelerator tailored to national security and dual-use startups.
- Tailored Mentorship: Dedicated one-on-one mentorship sessions, including access to Salus Ventures’ team and other industry leaders.
- Exclusive Networks: Introductions to key government, commercial, and defence contacts typically out of reach for most startups.
- Industry Leading Insights: Gain actionable strategies from successful founders and experts.
- Funding Opportunity: Startups have the opportunity to receive up to $400,000 in investment from Salus Ventures (subject to terms).
Marten Peck, Co-Founder and Partner at Salus Ventures, reaffirmed the importance of this collaboration. “Queensland is emerging as a leading hub for deep tech and dual-use innovation, with an expanding and vibrant community coming together to create an ideal environment for founders in these sectors”.
Dan Bennett, Co-Founder and Partner at Salus Ventures shares that: “We’re delighted to partner with UQ on the Momentum Accelerator for National Security and Dual-Use Technology and look forward to sharing our unique capabilities and access to our community to help accelerate the growth of the participating cohort.”
Nimrod Klayman, Head of Entrepreneurship at the UQ added, “Momentum has helped some of Queensland's most promising startups scale, and we’re thrilled to extend this opportunity to founders innovating in national security and dual-use technology.
“Our partnership with Salus Ventures ensures participants gain not only deep sector insights, but access to funding and critical industry connections. I commend QIC for making this collaboration possible and look forward to what UQ Ventures and Salus Ventures can achieve together."
Applications are open through to April 4, 2025, and interested founders can register here and find further information on the Momentum Accelerator website.