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We live in your world - August 2013

We live in your world - August 2013

Supporting small and emerging businesses

Supporting small and emerging businesses

10 companies from the mobile, Internet and web 2.0 industries will soon participate in the third-round of our Innovyz START program supporting small businesses.

The program is aimed at fostering innovation and helping individuals to start-up and grow their businesses. The program offers participants the opportunity to work with a number of successful Australian and international mentors.

The current round of the program will work with six start-ups with potentially break through ideas, while also working with a further five companies to better support them beyond the start-up phase and accelerate their growth.

Over a 13 week period, participating companies refine their product, operating model and distribution strategy ending in a “pitch” to investors. Each company receives a “living allowance” of up to $20,000 and is eligible to apply for a $20,000 finance facility from ANZ.

The 20 companies from the previous two Innovyz programs have embarked on a rapid growth path, raising more than $1.6 million in seed funding.

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