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What is Fastrack?

Fastrack is a 2-semester, globally recognised start-up program designed and delivered by highly experienced (and successful) entrepreneurs and innovators. The program is very popular and students are selected via competitive entry. Successful applicants will work with other high-performing students from across Monash’s 10 faculties in cross-disciplinary teams, to solve real-world challenges by taking their solution to market by the end of the program.

 

Teams are coached and taught by leading experts in innovation, entrepreneurship & technology from Silicon Valley and Melbourne and are supported by a network of industry partners ranging from organisations such as SuperSeed Ventures, Shadowboxer, Hypershift Systems, LUNA Start-up Studio, Amazon Web Services, LaunchVic, Xailient, ThinkHQ, Airwallex, and more.

 

You don't need to be a business or entrepreneurship student to apply – Fastrack is looking for both undergraduate and postgraduate students who are passionate, driven and dedicated, and who are committed to taking on the serious challenge of building their own start-up.

Building capability in
future entrepreneurs, innovators and leaders.

Building capability in
future entrepreneurs, innovators and leaders.

Program outline

Semester 1

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Sprint 1

Are you clear on the problem space?

  • Foundational context-setting

  • Exploring a problem space

  • Understanding the market/competitive benchmarking

  • Validating your problem focus

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Sprint 2

Have you identified key customers?

  • Customer-centricity

  • Effective customer research

  • Building personas/archetypes

  • Customer segmentation + leading metrics

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Sprint 3

Have you validated the market opportunity?

  • Insights + validation

  • Ideation to concept creation

  • Testing the market

  • Building a brand

Semester 2

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Do you have a prototype that can be tested?

  • Prototype to MVP

  • Prototyping your solution

  • Testing your prototype in market

  • Moving from prototype to MVP

Sprint 4

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Have you validated the growth potential of your solution?

  • Building a growth business – structure + organisation foundation

  • Growth and scalability

  • GTM, strategy & operations

  • Validating your model

Sprint 5

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Have you developed a sustainable model?

  • Launch + viability

  • Launch and early stage growth

  • Finalising your business & financial model

  • Final week of Fastrack!

Sprint 6

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Candidate requirements

You are ...

  • Passionate about entrepreneurship and building a business that services a real need in the community

  • A committed team member who values diverse skill sets and experiences

  • Ready and committed to taking on the serious challenge of building a business

You'll need to have ...

  • 2 x 6 credit point units free in sequential order semesters (semester 1 and semester 2)

  • Be able to attend classes physically in Melbourne

  • For undergraduate students - you must have completed 72 credit points by the beginning of Semester 1, 2023