recognised as world leaders in fintech<\/a>.<\/p>\nHeap says these startups have already created around 50 new jobs combined, and this number will grow as the startups do.<\/p>\n
\u201cThe nature of portfolio investments like this is some of those companies will be unsuccessful but some of those will be very successful,\u201d says Heap.<\/p>\n
Keen to drive the growth of fintech startups Down Under, Heap says they won’t give up on their VC fund H2Ocean and are hoping to bring it to life later this year so they can provide long-term support to the early-stage startups coming out of their accelerator.<\/p>\n
\u201cThat\u2019s very much a part of our vision,\u201d he says.<\/p>\n
Jobs for NSW chief executive Karen Borg says their investment in H2 Ventures comes as the state intensifies its focus on building new innovative companies.<\/p>\n
\u201cIn 2015, investment in the Australian fintech market [totalled] $438 million and by 2020 it is predicted to reach $4.2 billion,\u201d she said in a statement.<\/p>\n
\u201cJobs for NSW\u2019s support for H2 Ventures demonstrates our focus on supporting the NSW startup ecosystem to scale to global standards.\u201d<\/p>\n
Follow StartupSmart on Facebook, Twitter, LinkedIn and iTunes.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Far right: Ben and Toby Heap After a failed first attempt at setting up a publicly-listed venture capital fund for fintechs,<\/p>\n","protected":false},"author":2,"featured_media":59080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,24,6,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44802"}],"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=44802"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59080"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=44802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=44802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=44802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}