{"id":43223,"date":"2023-10-20T15:27:00","date_gmt":"2023-10-20T15:27:00","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/startup-weekend-partners-with-singapore-incubator-startupsmart\/"},"modified":"2023-10-20T15:27:00","modified_gmt":"2023-10-20T15:27:00","slug":"startup-weekend-partners-with-singapore-incubator-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/startup-weekend-partners-with-singapore-incubator-startupsmart\/","title":{"rendered":"Startup Weekend partners with Singapore incubator – StartupSmart"},"content":{"rendered":"

The latest iteration of Startup Weekend will see hastily assembled start-ups handed the opportunity to join a leading incubator backed by Singapore telco giant SingTel.<\/p>\n

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The revamped format will see two separate prizes handed out to ventures at the Melbourne event, which requires groups of randomly selected entrepreneurs to create a start-up in the space of 54 hours.<\/p>\n

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Along with a $5,000 prize from new event sponsor Optus, SingTel will choose a start-up to take part in the JFDI incubator in Singapore, which is operated by its $300 million venture capital fund Innov8.<\/p>\n

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The selected start-up, not necessarily the Startup Weekend winner, will spend three months at the incubator, which is the Asian partner of US seed fund TechStars. The start-up will give up 10% in equity in return for $15,000 in funding.<\/p>\n

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Startup Weekend, which has been held in cities across the world, arrived in Australia in May with an inaugural Melbourne event<\/a>.<\/p>\n

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It has since held a Sydney-based event and, with the backing of Optus, will expand the concept to Adelaide and Perth.<\/p>\n

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The upcoming Startup Weekend, to be held on November 4-6, will be staged at Melbourne\u2019s York Butter Factory, the new incubator situated at the foot of the city\u2019s Rialto Tower.<\/p>\n

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Tyson Lundbech, who won the 2010 Startup Weekends in San Francisco and New York, is organising the Startup Weekends in Australia.<\/p>\n

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\u201cWe want to keep things locally based and I think $5,000 is an awesome prize, it\u2019ll be an enabler for a couple of small decisions,\u201d he says.<\/p>\n

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\u201cIt is a big ask to pull your team out to Singapore, but I\u2019d jump at the chance, if given it. It\u2019s a huge opportunity.\u201d<\/p>\n

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\u201cSome people still struggle to understand the Startup Weekend idea, but take-up has been amazing and the results have been good.\u201d<\/p>\n

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\u201cThe weaknesses in the past have been around the post-Startup Weekend support for start-ups. We are trying to look at that by getting Optus on board, as well as the Start-up Foundation, which will help those who go through the weekend.<\/p>\n

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\u201cA lot of start-ups drop off after the weekend, but we want to provide a support path for those that continue.\u201d<\/p>\n

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Lundbech says that he expects around 100 people to turn up for the Startup Weekend. To find out more information, click here.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest iteration of Startup Weekend will see hastily assembled start-ups handed the opportunity to join a leading incubator backed<\/p>\n","protected":false},"author":1,"featured_media":59913,"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\/43223"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=43223"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59913"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=43223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=43223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=43223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}