In Start-up Formation everything learned in the first two modules is put into practice and used to translate research discoveries, or any innovative idea or product into a tangible outcome. By providing access to our Team Mentor Program, a variety of additional learning and networking opportunities and the option to take up residence in a CERI-based office space, we aim to ensure CERIans have all the tools they need for successful commercialisation.
For those who do wish to see their research and other discoveries become a commercial reality, the final module of the CERI program can facilitate this. Upon completion of Concept to Creation, interested CERIans will be assessed by our Mentor Advisory Panel to evaluate their suitability for Start-Up Formation.
The CERI Team Mentor program is an official “Sister” program of the MIT Venture Mentoring Service. In our capacity as a “Sister” program, we have been trained to and are licenced to deliver the MIT-based package to assist our emerging companies. We are privileged to offer the MIT-based program to assist our emerging companies. The Team Mentor Program comprises a strict Code of Conduct and Governance Plan clearly detailing expectations, roles and responsibilities and the importance of transparency and trust as being core values of the teams. Our mentors are all experienced, highly skilled successful professionals focused on what they can give, not what they can get from program participation. From private and public, national and international companies, every mentor is a role-model for those who join CERI. A unique point of difference is the team aspect of the program, which brings not one, but at least two or three mentors together with each start-up team. This feature has a powerful influence on team dynamics and progress.
It is a core value of CERI that we provide the best support possible for our start-ups in a nurturing and positive environment. The role of our mentors is to guide mentees on their entrepreneurial journey through sharing their experiences, contacts, successes and failures.
At the end of the second module of the CERI program (Concept to Creation) start-ups can apply to participate in the Team Mentor Program. It is at the mentor’s discretion who they choose to work with, based on their skills and suitability.
As part of the third module of the CERI program, start-ups have the opportunity to be considered for office space at the CERI Headquarters located only 10 minutes from Perth’s CBD.
Resident companies have access to either shared or private offices that cater to start-up businesses.
Some of the amenities include:
Common area and kitchen
Access to the business centre and board room
Conference and meeting facilities
Access to the CERI library
Allocated onsite parking
All start-up companies involved in Start-Up Formation are asked to provide regular progress reports. They are reviewed every 12 months by the Scientific and Investment Advisory Panel, Mentors, and the CERI CEO to retain their position.
Food Design Co
Terra15 was the first company to move into CERI. The founders completed the education modules, applied for office space and were supported by CERI mentors in their entrepreneurial journey. With a solid two years of research and early customer engagement behind them, they have now secured investment and commercial contracts with international companies to take their company to the next level.
Although terra15 is no longer a resident company their founders, Nader Issa and Michaël Roelens, remain active members of the CERI community.