Story image

Tech startups sought for accelerator program

13 Mar 2012

Tech entrepreneurs in Asia Pacific are being invited to submit their applications for a 12-week startup accelerator course offering mentoring, cash, bonuses from partners like Microsoft and PayPal, and more.


Run by Innovyz and based on the TechStars Global Accelerator Program, the course is not curriculum-based but offers mentor-driven, interactive learning, as well as networking with other participants and an opportunity to pitch to investors and venture capitalists. 


10 participants will be chosen from around Asia Pacific, with each to receive AU$6000 per director (up to a maximum of three), free tuition in the program, and over AU$85,000 in perks, including AU$60,000 in Microsoft Azure credits and AU$10,000 in PayPal transaction credits. In return, Innovyz will take 8% equity in each company.


Businesses with an ICT or web 2.0 innovation are particularly being sought. Successful applicants will have to relocate to Adelaide for the duration of the course, which runs from May 28 to August 17.


Applications close on April 20, meaning entrepreneurs who are accepted will have to be able to move quickly, although the potential benefits are huge.


Go here for more info, and to fill in your application.

Need the perfect flatmate? AI can help
A Kiwi entrepreneur has developed a flatmate-finding service called Mogeo, which is an algorithm that matches people to the perfect flatmates.
GoCardless to double A/NZ team by end of year
With a successful E round of investment and continuing organic growth globally, the debit network platform company aims to expand its local presence.
NZ’s Maori innovators are on the rise
“More iwi investors need to recognise that these sectors will provide the high-value jobs our children need."
Phone ringing? This biohack wants you to bite down and ChewIt
So your phone’s ringing, but instead of swiping right or pushing a Bluetooth button you bite down on a tiny piece of tech that sits in your mouth.
How big data can revolutionise NZ’s hospitals
Miya Precision is being used across 17 wards and the emergency department at Palmerston North Hospital.
Time's up, tax dodgers: Multinational tech firms may soon pay their dues
Multinational tech and digital services firms may no longer have a free tax pass to operate in New Zealand. 
Spark’s new IoT network reaches 98% of New Zealand
Spark is the first company to confirm the nationwide completion of a Cat-M1 network in New Zealand.
WhatsApp users warned to change voicemail PINs
Attackers are allegedly gaining access to users’ WhatsApp accounts by using the default voicemail PIN to access voice authentication codes.