Canberra based accelerator program announces 2014 program participants

30/06/2014

Canberra

Five Canberra based businesses have been accepted into the inaugural 2014 GRIFFIN Accelerator program, with the program kicking off today. Launched by the Chief Minister Katy Gallagher in March over 40 teams applied from Canberra, Australia and overseas. Focussing on ‘Servicing Government’ the accelerator program has received applicants with solutions in the Government Software, Government Services, Education and Health space.

Nick McNaughton, spokesperson for the accelerator said “We are delighted with the interest in GRIFFIN. It has been a very difficult task for the organisers and mentors to select the participants for this program. We were impressed by the diversity of ideas and innovations submitted for consideration”.

A group of Canberra mentors evaluated all applications and have selected the following five start-ups to go through the initial three month program.

  • Made for Me – World’s easiest 3D printing marketplace – http://www.madefor.me/
  • Quizling – Mobile platform for creating, delivering, managing and monitoring educational quizzes in the classroom – http://www.quizlingapp.com/
  • Symberra – A scenario modelling platform to exploit an organisations big data and inform decisions
  • Enabled Employment – A recruitment site connecting people with special needs with employment opportunities – http://www.enabledemployment.com/
  • Snapknock – Mobile enabled marketplace – http://www.snapknock.com

The Made for Me team is extremely excited to participate in GRIFFIN’s inaugural program” said James Antifaev one of the founders. “The opportunity to be mentored by seasoned entrepreneurs in the supercharged start-up environment that GRIFFIN is creating is exactly what we need to take our venture to the next level as we launch our 3D printing marketplace. By creating a critical mass of start-up related activity in Canberra, GRIFFIN will not only benefit us, but also the broader entrepreneurial community”.
The program is being run in collaboration with Ignition Labs part of ATP Innovations. Hamish Hawthorn, CEO of ATP Innovations said “We are delighted to be able to support the first accelerator program to be run in Canberra. There is a terrific group of mentors who have been committed throughout the pre-program phase. We are now looking forward to helping these five companies become significant commercial enterprises”.

Jessica May from Enabled Employment said “we are very excited to be chosen to take part in the 2014 GRIFFIN Accelerator Program and will benefit from the assistance and advice of the mentors to help close government departments as our customers. This will lead to more opportunities for people with a disability to secure meaningful employment”.

The program was named the GRIFFIN Accelerator to celebrate the contribution of the city’s founding father Walter Burley Griffin.

The program is driven by a group of mentors who provide the capital to invest up to $50k in each startup. The mentors provide advice, targeted education, networking and more to enable the startups to succeed. A demo day will be held at the end of September where the five companies will present to investors hoping to secure additional capital to continue their journey.

NICTA is providing space for the five teams for the initial three month program. “We are delighted NICTA is able to host GRIFFIN 2014” said GRIFFIN mentor Dr. Craig Davis, “We see significant benefits for both sides from having the GRIFFIN participants mingle with and workshop ideas with NICTA researchers.”

The GRIFFIN Accelerator program is being run with the assistance from the ACT Government under the Strategic Opportunities Funding Program. The program has broad support from a wide variety of organisations including: ANU Connect Ventures, ATP Innovations, The Australian National University, Australian Capital Ventures Limited, Capital Angels, CollabIT, CSIRO, eGov Cluster, Entry 29, Lighthouse, NICTA and the University of Canberra.

Media Contact: nick.mcnaughton@anuconnectventures.com.au / 0413-227711

About the GRIFFIN Accelerator

The GRIFFIN Accelerator is a start-up accelerator in Canberra, Australia. Once a year we invite entrepreneurs to apply for a place in the 3+3 program for the opportunity to validate their idea, develop networks and fine-tune their business model. The GRIFFIN Accelerator model is unique: shortlisted applicants will gain access to a 3 month program with $25,000 for customer validation activities, in return for 10% equity. At the end of this 3 month block, a select number of Griffin start-ups will be invited to continue for another 3 month intensive program with an additional $25,000 instalment for a further 5% equity. Our core agenda is to form and support new innovative companies; providing a structured high growth path so start-ups exit the program with an investible proposition or revenue generation. The GRIFFIN accelerator, Canberra, draws experience from a pool of mentors, each with entrepreneurial experience, skills and experience in the government sector, or a significant technology industry network. GRIFFIN mentors get involved. They provide sage advice and get their hands dirty when projects need a boost. A mentor is married to each project, acting like a case manager to ensure the participants are headed in the right direction.

ADDITIONAL BACKGROUND INFORMATION

The GRIFFIN Accelerator is a start-up accelerator in Canberra, Australia. Once a year we invite entrepreneurs to apply for a place in the 3+3 month program for the opportunity to validate their idea, develop networks and fine-tune their business model.

The GRIFFIN Accelerator model is unique: shortlisted applicants will gain access to a 3 month program with $25,000 for customer validation activities, in return for 10% equity. At the end of this 3 month block, a select number of Griffin start-ups will be invited to continue for another 3 months of intensive validation, with an additional $25,000 instalment for a further 5% equity.

GRIFFIN’s core agenda is to form and support new innovative companies; providing a structured high growth path so start-ups exit the program with an investible proposition or revenue generation.

GRIFFIN technology accelerator, Canberra, draws experience from a pool of mentors, each with entrepreneurial experience, skills and experience in the government sector, or a significant technology industry network. The mentors provide the capital invested in the startups and so have a direct financial interest in their success. GRIFFIN mentors get involved. They provide sage advice and get their hands dirty when projects need a boost. A mentor is married to each project, acting like a case manager to ensure you’re always headed in the right direction.

 

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