{"id":42787,"date":"2023-10-20T15:23:46","date_gmt":"2023-10-20T15:23:46","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/new-80-million-accelerator-for-tech-start-ups-launches-startupsmart\/"},"modified":"2023-10-20T15:23:46","modified_gmt":"2023-10-20T15:23:46","slug":"new-80-million-accelerator-for-tech-start-ups-launches-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/new-80-million-accelerator-for-tech-start-ups-launches-startupsmart\/","title":{"rendered":"New $80 million accelerator for tech start-ups launches &#8211; StartupSmart"},"content":{"rendered":"<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"443\" height=\"352\" itemprop=\"image\" class=\"entry-thumb\" src=\"\/wp-content\/uploads\/2013\/06\/l_vivant-445.jpg\" alt=\"\" title=\"l_vivant-445\"><\/div>\n<p>A new $80 million accelerator fund for emerging tech companies has been announced by digital development company Vivant and venture capital firm MH Carnegie &amp; Co.<\/p>\n<p>&nbsp;<\/p>\n<p>Anthony Farah, chief executive at Vivant, told <i>StartupSmart<\/i> Vivant\u2019s incubator arm, Vivant Ventures, will develop and represent four start-ups a year to MH Carnegie &amp; Co as possible funding candidates.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThere is not enough venture capital in Australia. There have historically been a lot more ideas than capital, so we\u2019re hoping to curate some of the idea that come and a platform to be funded,\u201d he says.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cWe\u2019re giving Australian start-ups a chance. We\u2019re focused on the intellectual capital that exists in Australia and it\u2019s a fundamentally new model. We\u2019re providing access to help and assistance, and the opportunity to be funded.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Farah says his team is on the look-out for the best tech-enabled start-up ideas across a range of industries. Start-ups can have business plans, or simply a great idea.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cWe\u2019ll look at the usual business parameters around that, but it\u2019s all about human-centred innovation. We\u2019re trying to pick the best ideas, and back them because we believe in them,\u201d says Farah.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cWe\u2019re curating these ideas, to foster and develop them, rather than have a whole heap of small investments in ventures.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>The Vivant-Carnegie partnership will manage the fund for technology start-ups. Half of the funds come from a $40 million government grant from AusIndustry as part of the Innovation Investment Fund.<\/p>\n<p>&nbsp;<\/p>\n<p>They will fund at least four start-ups each year, usually for a period of five years each (although there is scope for six to seven years). The funding amount and equity will vary for each company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new $80 million accelerator fund for emerging tech companies has been announced by digital development company Vivant and venture<\/p>\n","protected":false},"author":2,"featured_media":60140,"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\/42787"}],"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=42787"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60140"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=42787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=42787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=42787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}