{"id":41909,"date":"2023-10-20T15:17:21","date_gmt":"2023-10-20T15:17:21","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/river-city-labs-and-muru-d-join-forces-to-help-build-amazing-startups-startupsmart\/"},"modified":"2023-10-20T15:17:21","modified_gmt":"2023-10-20T15:17:21","slug":"river-city-labs-and-muru-d-join-forces-to-help-build-amazing-startups-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/river-city-labs-and-muru-d-join-forces-to-help-build-amazing-startups-startupsmart\/","title":{"rendered":"River City Labs and muru-D join forces to help build “amazing startups” – StartupSmart"},"content":{"rendered":"
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Brisbane startup hub River City Labs and Telstra-backed muru-D have officially joined forces to run an accelerator program across three years following a successful trial last year.<\/p>\n

The River City Labs Accelerator Program will now run annually until 2019, offering $60,000 in seed funding in exchange for 7% equity, along with office space, mentoring and international trips across the six-month program.<\/p>\n

River City Labs general manager Peta Ellis says last year\u2019s pilot program proved that the concept was viable and useful.<\/p>\n

\u201cWe were impressed with where the teams got and the whole process of what it was like to work with muru-D,\u201d Ellis tells StartupSmart<\/em>.<\/p>\n

\u201cWe can now plan ahead knowing that we will have intakes each year, and it\u2019s good for startups to be aware that it\u2019s an annual thing so they can also prepare.\u201d<\/p>\n

Muru-D co-founder Annie Parker says the startups that went through the trial program have grown rapidly.<\/p>\n

\u201cThe first cohort of the River City Labs Accelerator startups were such a fantastic group of engaged entrepreneurs who have achieved great success in such a short period of time \u2013 I can\u2019t wait to meet the next batch,\u201d Parker says.<\/p>\n

\u201cI\u2019m delighted to see the continued growth of the startup ecosystem in Queensland.\u201d<\/p>\n

Ellis says the she is looking for startups that are beyond the ideas stage and have some sort of working prototype.<\/p>\n

\u201cWe want companies that have already started, that have an initial prototype up and running and are absolutely willing to work with the program and take on the mentoring, structure and support to grow the company into something amazing,\u201d she says.<\/p>\n

\u201cIt always comes down to the founder\u2019s attitude. They need to be committed 110%.\u201d<\/p>\n

The accelerator\u2019s investors will include Shark Tank judge and prominent tech investor Steve Baxter, while Ollo Wearables co-founder Ken Macken will be taking on the role of entrepreneur-in-residence.<\/p>\n

\u201cI\u2019m excited to be given the opportunity to work on this program which will uncover talented startups that could be the next potential disruptive force,\u201d Macken says.<\/p>\n

With an abundance of accelerators for startups to choose from, Ellis says River City Labs and muru-D\u2019s combined powers set them apart.<\/p>\n

\u201cIt\u2019s absolutely the quality of the network,\u201d she says.<\/p>\n

\u201cMuru-D has a really strong network in Sydney, we\u2019re growing the network here with them in Brisbane and we can tap into Singapore as well.<\/p>\n

\u201cWe\u2019re really bringing together all of that knowledge and combined skillsets of the mentors and program managers to contribute to the communal knowledge that the startups have access to.\u201d<\/p>\n

Follow StartupSmart on<\/em> Facebook,<\/em> Twitter, <\/em>LinkedIn <\/em>and <\/em>SoundCloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Brisbane startup hub River City Labs and Telstra-backed muru-D have officially joined forces to run an accelerator program across three<\/p>\n","protected":false},"author":2,"featured_media":60623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/41909"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=41909"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/41909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60623"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=41909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=41909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=41909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}