Home Articles Here comes Australia’s first HR-tech startup accelerator, offering up to $50k investment

Here comes Australia’s first HR-tech startup accelerator, offering up to $50k investment

Mark Steyn

Global recruitment and talent solutions company Hudson and SEEK, a global leader in online employment marketplaces and synergistic education businesses, will join Corporate Startup accelerator Slingshot to lead Australia’s first HR-tech Startup accelerator.

Human Capital is the first of its kind in Australia and will help progressive corporate leaders reinvent the human capital elements of their businesses by connecting them with the best disruptive HR/tech Startups.

The 12-week program, set to kick off in March, will seek out the most innovative and disruptive Startups, Scaleups and entrepreneurs in the ‘future of work’ space, and foster deep collaboration with corporate leaders across Australia’s HR industry.

Mark Steyn, CEO Asia Pacific, Hudson, said, “Today’s workplace is changing rapidly. The ways in which we find jobs, organisations identify and engage talent, and the significant potential of talent analytics to boost business performance are all evolving at a breakneck pace.”

“Technology can provide a powerful way to support this change, and Hudson is eager to collaborate with entrepreneurs who are passionate about improving the future of work and driving the next wave of HR-tech innovation. Human Capital creates an opportunity for Hudson to connect today’s leading entrepreneurs with our global resources and extensive business network.”

Slingshot team 2

“SEEK is excited to be part of Slingshot and in particular to support the generation of Australian entrepreneurs,” said Andrew Bassat, CEO and Co-Founder, SEEK.

“As a start-up that was born out of disruption, SEEK has since evolved to a global business with AUDc$5 billion market capitalisation. We believe that SEEK has much to offer the next generation of high growth companies. Through this program, SEEK will look to share its experience, and hopefully find opportunities to help “scale up” new businesses via our relationships with over 700,000 hirers and 150 million candidates.”

Andrew Bassat
Andrew Bassat

The University of Technology, Sydney (UTS) will join as a supporting partner, bringing its extensive talent and academic networks to the program and reflecting a shared commitment to using new technology and innovative thinking to create Australia’s next big ideas.

The program is open to accepting additional corporate partners who are interested in driving innovation and disruption in Australia’s work environment.

Karen Lawson, CEO of Slingshot and former CEO of CareerOne says, “Disruption is here to stay and forward-thinking businesses like Hudson and SEEK know that continued success requires reinvention. Increasingly, models for that reinvention are being shaped from the outside by innovative technology Startups. By engaging with these Startups, businesses can tap into new technologies, business models and consumer/market behaviours to rethink the entire HR value-chain.”

Karen Lawson
Karen Lawson

Slingshot is the only Australian corporate accelerator program to include a structured 12-week learning program including weekly workshop sessions delivered by industry experts. The Startups and Scaleups that have gone through a Slingshot-run accelerator have a combined market capitalisation of more than $42 million. Over 80 per cent are still active or have been acquired.

Startups accepted into Human Capital will receive up to $50,000 from the Slingshot Investment Fund for 10 per cent of the equity in the business as well as training and resources, a support team of mentors and access to a co-working space.

Those interested in being involved in the Human Capital accelerator can pre-register here.

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