Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

Nine Australian startups picked for ANZ Innovyz Start accelerator program

Announcement follows new round of startup funding from SingTel Optus.

Ten startups have been selected for the three-month Innovyz Start accelerator program, sponsored by ANZ Bank and Innovyz. Nine of the companies are from Australia.

The program is in its second year and based on the US TechStars program.

Representatives from each of the companies will relocate to South Australia for 13 weeks and works with mentors on their business model and strategies. The mentors come from Microsoft, DealsDirect and other large corporations.

“We were looking for break-through ideas that could be enabled by web 2.0, software and mobile,” said ANZ Innovyz Start managing director, Jana Matthews.

“We have been very pleased with the breadth and depth of business ideas we’ve seen in the applications for the 2013 ANZ Innovyz Start program,” she said.

“The vision, passion and ambition of our entrants is testament to Australia’s burgeoning start-up and small business eco-system.”

Support from large companies is critical to encouraging startups in Australia, said ANZ general manager for small business Nick Reade.

“When you're a start-up business, success requires more than a great innovative idea, it's about having the right support, mentoring and access to knowledgeable investors to get off the ground,” he said.

Optus, another large company offering support to Australian startups, announced a new round of funding under its Innov8 program earlier this week. The co-founder of Sydney-based startup Pocketbook said recently that the growing number of seed funds like Innov8 are cause for optimism among Australian startups.

Follow Adam Bender on Twitter: @WatchAdam

Follow Computerworld Australia on Twitter: @ComputerworldAU, or take part in the Computerworld conversation on LinkedIn: Computerworld Australia

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: ANZ, Microsoft, Optus
References show all
Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: funding, mentor, startups, ANZ Innovyz, accelerator, Web 2.0, software, mobiule
Latest Blog Posts
Whitepapers
  • Is Your IT Infrastructure Keeping Up?
    This helpful infographic demonstrates how, when IT is the backbone of modern business, a converged infrastructure system can solve the challenge of cost, complexity, availability, rapid provisioning and flexibility.
    Learn more »
  • Pathways Advanced ICT Leadership Development Program Course Outline and Big 6 2013
    Developed by the CIO executive Council in conjunction with Rob Livingstone Advisory, Pathways Advanced is a 12-month CIO delivered, small group, mentor based professional leadership development program. Pathways Advanced brings together best practice, thought leadership and business insights for today’s most promising ICT professionals
    Learn more »
  • The F5 DDoS Protection Reference Architecture part 2 of 3
    This whitepaper is the second in a three-part series on distributed denial of service attacks (DDoS) and multi-tier DDoS protection. This section details the design and capabilities of different forms of protection architecture designed for a variety of circumstances, while also providing alternative approaches. The paper also explains how to maintain availability, including network and application defense and DNS DDoS Mitigation.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Salary Calculator

Supplied by

View the full Peoplebank ICT Salary & Employment Index


Computerworld
ARN
Techworld
CMO