Canberra based accelerator program announces 2014 program participants

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.

GRIFFIN Accelerator Interview Shortlist Selected

Congratulations to the shortlisted GRIFFIN Accelerator applicants,  you have made it through to the interview round and will be notified via email.

So what happens next?

Interviews will take place for all shortlist applicants on Tuesday the 3rd June, starting at11:00AM.  Expect to be there for up to 3 hours in total.  The location is the same as that used for the pre-program workshops:

  • NICTA, Ground Floor Seminar Room, 7 London Circuit Canberra (enter NICTA via the Xchange on London cafe, head towards the elevators at the back of the foyer and you’ll see a sign directing you to the seminar room).

We want to meet the whole team, so make sure everyone comes along to give you the best chance of being accepted into the program.  Know-one likes unknowns and not meeting your whole team is like betting on a mystery box.

The format of the day will be as follows:

  • Each team will pitch their business to the mentors for 5 minutes only (this is a strict time limit and you will be asked to stop at 5 minutes).  This will be followed by up to 10 minutes of open questions from the audience.  Be prepared!  We want you to articulate the problem or unmet need you are addressing, your understanding of the customer and market opportunity, your competitive advantage, what you have done to validate the market for your solution and why you are the best team to execute the business. Inspire us.

 

After the pitches and questions, the mentors will hold a closed session where they will rank the performance and content delivered by each team before deciding who has been successful.  We will notify you as soon as possible following our discussion.  Entry into the accelerator is still not guaranteed and successful teams will participate in final due diligence before starting the accelerator program in July.

This is an exciting time!  Good luck on Tuesday and bring your game face.

GRIFFIN accelerator applications close for 2014 – Next Steps

Thanks to all the GRIFFIN 2014 applicants – a great effort to get your submissions in on time! We had an impressive volume of quality applications, including a cohort of international hopefuls. The mentors will spend the next week reviewing each application in detail and will make the final short-list decision on Friday 30th May (in the afternoon). We will notify the short-list candidates on Friday night. If you were considered good enough to make the cut, you’ll will need to be ready to pitch on June 3rd (in the morning Australian Eastern Standard Time) to secure your place on the program.

Great work and good luck – The GRIFFIN Team.

Our partner ATPI Innovations is worlds best incubator

 

 ATP Innovations takes home top prizes at NBIA global awards in New Orleans

 

Leading technology business incubator ATP Innovations took top honours today at the NBIA awards in New Orleans, Louisiana, winning the prestigious 2014 Randall M. Whaley Incubator of the Year Award at the International Conference on Business Incubation. The National Business Incubation Association (NBIA) is the peak global body for business incubation and entrepreneurship with over 2200 members in over 60 countries.

 

ATP Innovations team 2014

The Sydney-based incubator was selected by industry peer professionals based on its overall excellence in delivering business building services and its successful track record of building high growth technology companies with global reach. It also took home the Dinah Adkins “Technology Focus” Incubator of the Year award.

 

Over 300 software, hardware and life science startups have been helped by ATP Innovations since 2000. Together, they have raised over $113 million in capital since 2006. Last year, ATP Innovations’ companies had combined revenue of over $45 million, half of which was export related. They raised $8 million in equity capital, hired 69 new employees, launched 80 products, and had seven patents granted.

 

Hamish Hawthorn, CEO of ATP Innovations, commented. “We are honoured to be the first Australian technology incubator to be recognised as the world’s best – it is a credit to both the hard work done by the team at ATP Innovations and recognition of the strength and significance of Australia’s startup ecosystem.”

 

“We owe our success to many factors – the support of our shareholder universities, the way the founders of the companies at ATP Innovations help each other, the experienced mentors helping our companies. Sharing the entrepreneurs’ journey and being part of their success is the best part of it.”

 

The awards recognised the on-going success of ATP Innovations in providing companies with assistance across a wide range of areas, including in negotiating technology licences, insight into government support and financial assistance, access to a strong network of investors and advisors, and strategic guidance. Seven ATP Innovations companies have gone on to sell their businesses since 2006, most recently Azalient which was acquired by Autodesk in December last year.

 

Two recent companies to benefit from ATP Innovations’ support include Clarity Pharmaceuticals and Elastagen:

 

  • Clarity Pharmaceuticals, founded in 2010, just closed a seed round of $1.1 million dominated by Sydney Angels to expand its international operations in the US, Europe and Asia. Clarity uses patented diagnostic and imaging technology, which can be used to “personalise” and increase the effectiveness of targeted antibodies-based therapies.

 

  • Elastagen is a clinical stage medical device company pioneering Elastatherapy™ using the human protein Elastin to naturally repair and augment the skin. Since Elastagen began operating in 2005, it has attracted $5 million syndicated venture capital investment, and $2 million of the recent NSW Government Medical Devices Fund.

 

Mr Hawthorn said: “In recent years we’ve undergone intense transformation to meet demand from Australia’s growing startup ecosystem – launching and supporting accelerator programs in parallel with our core incubator services.

 

“This award is a great endorsement of both ATP Innovations and Australia. It underlines the huge opportunity we have to capitalise on our human capital and strong research-base to create world-leading companies.”

 

– Ends –

 

About ATP Innovations

ATP Innovations is Australia’s leading technology business incubator. ATP Innovations accelerates the growth of technology companies that target global markets, by providing advice and guidance from seasoned entrepreneurs, access to investors, customers and domain specialists, and world-class infrastructure tailored to the needs of startup companies. The ATP Innovations Accelerator HUB is home to Startmate, Ignition Labs and university accelerator programs. ATP Innovations’ portfolio comprises over 65 companies from the software, hardware and life science sectors.

 

About NBIA

The National Business Incubation Association (NBIA) is the world’s leading organisation advancing business incubation and entrepreneurship with more than 2,200 member incubators and accelerators in over 60 nations. Each year, it provides thousands of professionals with information, education, advocacy and networking resources to bring excellence to the process of assisting early-stage companies. An elected, voting board of directors representing the world’s leading incubators governs the association.

 

Further information contact:

Petra Andrén

Director, Strategy and Business Development

ATP Innovations

(02) 9209 4444

p.andren@atp-innovations.com.au

Canberra based accelerator program launched by Chief Minister Katy Gallagher

27th March 2014 – Chief Minister Katy Gallagher today launched the ‘GRIFFIN Accelerator’ at the ANU Connect Ventures Innovation Showcase. Focussing on ‘Servicing Government’ the accelerator program is seeking applicants with solutions in the Government Software, Government Services, Defence, Education and Health space. Targeting a cohort of 10 program participants, the program is now open for applicants.

Nick McNaughton, spokesperson for the accelerator said “This accelerator program is another building block in the early-stage innovation eco-system in our city. Last year we launched Entry 29 the Co-Working space which has attracted over 125 paying members since launch in May 2013. The success of Entry 29 demonstrated the demand for an accelerator program and we are pleased to now be open for business”.

The program is being run in collaboration with Ignition Labs part of ATP Innovations. Hamish Hawthorn, CEO of ATP Innovations said “We have extensive experience in running accelerator programs in technology, health and energy sectors. Leveraging our capability and expertise to launch other regional programs is of significant interest to us. Partnering with the impressive innovation community of the ACT to launch this in Canberra demonstrates the collaborative spirit that will make this program a success”.

The program has been named the GRIFFIN Accelerator to celebrate the contribution of the city’s founding father Walter Burley Griffin. Applications open today and close at the end of May. An evaluation and selection process then occurs with enough spaces for 10 program participants.

“We are looking for quality not quantity” said McNaughton “If we don’t see the quality in our applicants we will offer fewer than 10 places”. The program’s focus is unique to Australia and leverages the city’s strengths. “We are so much more than a politics, public service and tax town. We have a huge customer on our door step (the Federal Government) and we have significant research and domain expertise in the themes selected for this year’s program”.

In late 2013 the ACT Government announced the ‘Invest Canberra’ initiative and identified the themes that the City is good at. The GRIFFIN Accelerator focusses on these themes. “Our objective is to create industry building capability outside of our current pillars of industry and generate new industries for the decades to come”, McNaughton said.

During the launch the Chief Minister announced a $70k grant to assist with the running of the program. The Chief Minister said “The GRIFFIN Accelerator is a program that delivers on the objectives of the ‘Invest Canberra’ initiative bringing smart people and investment dollars into our city. All of the research institutions involved in this program contributes expertise, people and resources to the program participants. In addition we have some of the largest customers for these products in services right here in Canberra.”

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.

In total $300k has been raised for the GRIFFIN Accelerator from local investors who will mentor the participants during the 12 week program. Stage one of the program runs from 1st July – 30th September 2014 and will be based at the NICTA Research Labs in the heart of the City. Phil Robertson, Chief Operating Office of NICTA said “We are excited to be providing the space for this first group of start-ups. NICTA is all about bringing research and industry together and growing businesses, like we have done with our Canberra-led eGovernment Cluster. These lucky start-ups will be surrounded by the large intellectual pool of NICTA researchers and PhD students to help them solve curly issues on the spot’. Participants who get through to stage two will continue in an additional period from October to December.

Each successful stage one participant will receive $25k for 10% equity. If they are successful and make it through to stage two they will be offered an additional $25k for 5% equity. A demo day will be held at the end of September where a range of investors will have the opportunity to see the participant’s pitches.

For further information, please contact us.

 

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. 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.

Partners

The GRIFFIN Accelerator is the product of collaboration between several of Canberra’s innovation- led institutions:page3image12448page3image12608

  • ANU Connect Ventures
  • ATP Innovations
  • Australian National University Australian Capital Ventures Limited. Capital Angels
  • CollabIT
  • CSIRO
  • eGov Cluster
  • Entry 29
  • Lighthouse
  • NICTA
  • University of Canberra

The GRIFFIN accelerator program will consider a spectrum of products and scalable services where government is a target customer. Examples of eligible technology sectors include:

  • Software for Government
  • Services for Government
  • Defence
  • Health
  • Education
  • Other offerings for Government

Applications open on Thursday 27th March 2014 and close on Friday 23rd May 2014. For more information and to apply visit www.griffinaccelerator.com.au – Applicant screening takes place in June 2014 with the program starting on Tuesday 1st July 2014.