ELEVATE Hardware Masterclass: Scaling up successfully - managing risk

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Calling all entrepreneurs who have a desire to or interest in designing, building and mass manufacturing a hardware product

About this Event

ELEVATE goes virtual! Hardware innovators, entrepreneurs, startups, designers and manufacturers across Victoria are invited to join this virtual masterclass on June 23rd at 18:00 (AEST).

Going from startup to scale-up can get complicated very quickly. As volume ramps up, the capabilities of your supply chain are tested, quality issues become costly, and cash flow management is critical. This masterclass, specifically designed for hardware innovators facing these challenges, will help you mitigate risk by providing practical advice to successfully navigate the transition from startup to scale up.

By the end of the masterclass, you will have a better understanding of:

  • Common strategies for managing working capital as production volumes increase.
  • Options for long-term, scalable business models and practices.
  • What’s required to ensure cost, quality and schedule are maintained as production volumes increase.
  • How manufacturers work, what they look for, and how to avoid some common pitfalls.
  • How to strategically use your supply chain to help you scale.

You’ll also get an opportunity to network with hardware innovators.

Facilitators & Presenters

Vela Georgiev - HardworX

Vela has a proven track record of successfully launching hardware products into volume manufacturing. With experience in a broad range of industries and technologies, from agtech to smoke detection, Vela has built a career in engineering with a focus on manufacturing, operations and supply chain. In 2016, Vela founded HardworX, to help growth-stage startups and scaling SMEs unlock the power of hardware by demystifying manufacturing and the hardware supply chain.

Additional speakers to be announced.

Who should attend

This masterclass is best suited for entrepreneurs, startups and hardware innovators who are:

  • Currently undertaking design validation, pilot production activities or actively engaging with manufactures and planning for mass production.
  • Working on an early-stage proof of concept or product prototype, but have a good understanding of their product requirements in terms of manufacturing needs.

Technical and non-technical hardware innovators are welcome. No prior knowledge is assumed.

Event Registration

This virtual Masterclass will take place via Zoom and attendee numbers will be limited to 15 participants to allow for a more interactive session.

ELEVATE is funded by LaunchVic and preference will be given to Victorian based startups and hardware innovators, as well as those already participating in other ELEVATE initiatives. Event registrations may be waitlisted, in which case eligible participants will notified via email.


ELEVATE - Created by Western BACE and HardworX, is a twelve month education series to support Victorian founders who have a desire to design, create, bring to market and mass manufacture a hardware product. The hardware focused series will consist of meetups, masterclasses, bootcamps and 1-1 expert support. ELEVATE will focus on demystifying product design, manufacturing and supply chain.

ELEVATE is delivered as a not-for-profit, community-driven series with content created by hardware innovators for hardware innovators.

For more information regarding ELEVATE and register to be the first in the know visit

ELEVATE - Taking Hardware from Concept to Commercialisation is proudly supported by LaunchVIC.

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