information session at fishburners 4 july 2012
TRANSCRIPT
Friends & Family Incubators Series A Funding
Here’s where we might be able to help
Our Program supports early-stage Australian tech startups by providing resources, funding and access to the Australian market and beyond
This is where you probably are now
Up to $250k investment per startup
Co-working locations in Melbourne and Sydney
Faster access to market through proof of concepts
Mentorship from subject matter experts
Access to communications and hosting facilities
Intangible non-financial benefits
Access to international investor networks
Reach SingTel Group’s 445M mobile subscribers
We’re investing in 8 startups in the first yearUp to $250k with a range of other benefitsAccess to unique assets and international markets
5 rules for eligibility3 themes for focusSummer & Winter pitch events
✓Be a registered company and based in Australia (with an ABN and registered for GST)
✓Be scaleable digital or tech business✓Have an existing working prototype✓Have an established team✓Have an investor presentation
Mobility����������� ������������������ SolutionsDigital����������� ������������������ ConvergenceDigital����������� ������������������ Disruption
Startups meet with the Seed
Program
STARTSNOW
Selected startups invited to
the Winter Pitch Event
25 JUL
The Seed Program’s Winter Pitch Event held
31 JUL
Winter 2012 applications close
18 JUL
Winter applications close Wednesday 18 JulySelected startups invited to the Pitch Event in SydneyWe prefer startups that have referrals from our Partners
We’re looking for scaleable, creative and distruptive startupsHow have you maximised return on time, money and effort?Some of the aspects below will be used to evaluate your startup
CUSTOMER DISCOVERYHave you found a problem worth solving? What is your Problem/
Solution Fit?
CUSTOMER VALIDATIONIs what you’ve built something
people want? What is your Product/Market Fit?
MANAGEMENT TEAMWhat’s your passion? What does
your prior experience bring to your startup? How well-oiled is your
team?
BUSINESS MODELIs your business model repeatable
and scaleable? Does your MVP validate your business model?
MARKET SIZE & LANDSCAPEHow big is your opportunity? Are
there market adjacencies? Who are your competitors and why will you
be more successful?
SYNERGIES WITH OPTUSCan your startup take advantage of
the Program’s focus areas and Optus’ core business?