The five teams participating in Canberra start-up accelerator program, GRIFFIN Accelerator presented to investors in Sydney and Canberra this week, generating substantial investor interest.
On Tuesday the teams pitched to Sydney based investors at ATP Innovations, who partnered with the Canberra mentors to run the program. From an audience of over 45, mostly potential investors, all five teams received genuine initial interest from investors.
In Canberra on Wednesday the teams pitched to an audience of over 60 people in a joint event with Capital Angels and again received strong interest. Across the two venues, teams received 46 expressions of interest not counting any additional contacts made during post-pitch networking.
In both venues the audience overwhelmingly voted that the quality of the pitches exceeded their expectations.
GRIFFIN mentor and investor Dr Craig Davis said “We are delighted at the level of initial interest the companies are getting from investors. We feel we found five great teams and the accelerator added real value, but we’re astonished to have all five teams doing so well. Syndicates are forming but its not too late for investors who couldn’t make the presentations to get on board.”
Forty teams applied to GRIFFIN accelerator and through a competitive process the best five were selected. After 3 months intensive work guided by the GRIFFIN mentors, all five teams have real customer traction, are making rapid progress and are ready for investment. The teams are presenting their business to investors seeking Angel or Seed investment.
The five teams are:
Enabled Employment: www.enabledemployment.com
Enabled employment enables employers to tap into a huge untapped talent pool of Australians living with a disability using telework technology to remove barriers.
Made for Me: www.madefor.me
Madefor.me is a marketplace connecting designers, local manufacturers, and consumers who want unique, made to order 3D printed designs.
Quizling is taking the ‘quick quiz’ and building a social-gaming platform to engage learners across the classroom and across the world. With enterprise level analytics and privacy management, Quizling is the complete platform for learning.
Symberra is a cloud-based data analytics platform that specialises in large-scale data modelling and simulations. Our optimised data storage and simulation algorithms enable domain experts to gain in-depth insights from big data in a fraction of the time required today.
Facebook for Auctions - with a motto “Social Local Fast”, Snapknock is the only pre-loved belonging
buy and sell platform built with social in mind from ground up. With emphasis on people, not items
or businesses, Snapknock takes social commerce to the next stage.
3 of the participating teams, Made for Me, Quizzing and Enabled Employment, have also received support through the ACT Government's Innovation Connect program.
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 committed their time and expertise. We are now looking forward to seeing these five companies go on to become significant commercial enterprises”.
Jessica May from Enabled Employment said “we are very excited to be making so much progress already filling jobs and growing so fast. The positive response from investors is a dream come true and we’re ready to start detailed discussions about how we’re going to grow this business even more rapidly”.
The GRIFFIN Accelerator program is being run with the assistance from the ACT Government and 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.