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The Sydney company plans to pick 3-4 developers and designers for a five-month program with a lot of goodies thrown in. Each of the successful entrant will receive a $50,000 investment, mentorship from more than 25 successful founders, legal advice and a two-month trip to Silicon Valley. At the conclusion of the program, participants will be offered the additional opportunity to pitch to early-stage investors at two demo days – one in Sydney and another in Silicon Valley.
Ignition Labs, an ATP Innovations-backed clean technology accelerator, is giving a much-needed jumpstart to some of Australia’s newest, cleanest startups. The five teams chosen will join the 50 companies and over 300 staffers already in the ATP Innovations incubator. Each team accepted to the accelerator will be given three months to build a business plan, validate technology, and produce a working prototype. Did I mention that each startup accepted into the program is given $25,000 in seed capital?
Our guess is there’s a whole lot of ‘Booyah!’ heard in the vicinity of Tapit Media’s Sydney offices right about now. The start-up, which specialises in new Near Field Communication (NFC), recently closed its seed funding round a diddy 22 days after pitching to Sydney Angels. So what is it about Tapit that makes investors part with their moola at breakneck speed?