{"id":45838,"date":"2023-10-20T15:46:41","date_gmt":"2023-10-20T15:46:41","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/new-start-up-incubator-program-launched-by-online-retail-juggernaut-startupsmart\/"},"modified":"2023-10-20T15:46:41","modified_gmt":"2023-10-20T15:46:41","slug":"new-start-up-incubator-program-launched-by-online-retail-juggernaut-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/new-start-up-incubator-program-launched-by-online-retail-juggernaut-startupsmart\/","title":{"rendered":"New start-up incubator program launched by online retail juggernaut – StartupSmart"},"content":{"rendered":"
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Sketchbook Ventures, a new incubator program for online business, has been launched this week by the Catch Group, the parent company behind Catch of the Day, Scoopon, GroceryRun, Mumgo, Eatnow and Vinomofo.<\/p>\n

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Hezi Leibovich, founder and director of the Catch Group, told StartupSmart<\/i> they are seeking up to three start-ups for the year-long program. The start-ups can come from any industry or part of Australia.  <\/b><\/p>\n

 <\/p>\n

\u201cWe\u2019re open to anything at the moment,\u201d Leibovich says. \u201cWe\u2019re looking for a business in the online space, so they can leverage the assets, resources and skills in the group.\u201d<\/p>\n

 <\/p>\n

The successful businesses will become part of the Catch Group as separate business units.<\/p>\n

 <\/p>\n

They will receive daily attention and coaching and be \u201cplugged into the entire Catch system\u201d including support teams, databases and networks.<\/p>\n

 <\/p>\n

\u201cIt\u2019s about unlimited funding. Once we choose a business we\u2019ll give it what it needs,\u201d Leibovich says.<\/p>\n

 <\/p>\n

\u201cThey\u2019ll have their own unique personality and their own teams, but obviously it\u2019s still part of the one big family.\u201d<\/p>\n

 <\/p>\n

The Catch Group will take a stake in each of the businesses in return for the support. He says the size of the stake will vary depending on the potential and business plan.<\/p>\n

 <\/p>\n

\u201cIt could be a minority or majority stake, but we\u2019re pretty generous and flexible,\u201d Leibovich says.<\/p>\n

 <\/p>\n

Companies can be at any stage of development. Leibovich says they\u2019re looking for businesses that can show they have the best available solution for a large enough problem.<\/p>\n

 <\/p>\n

\u201cIt could be just an idea, but we prefer to have a bit of social proof and evidence the idea works. There are millions and millions of ideas, and we want someone who can prove it\u2019ll work and gain traction,\u201d Leibovich says.<\/p>\n

 <\/p>\n

He says the idea for the incubator was born after the Catch Group bought a stake in Vinomofo, a deal site for wine buying, last year.<\/p>\n

 <\/p>\n

Catch Group has sold its stake in Vinomofo to a consortium of private investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sketchbook Ventures, a new incubator program for online business, has been launched this week by the Catch Group, the parent company<\/p>\n","protected":false},"author":1,"featured_media":63129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/45838"}],"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=45838"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/45838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/63129"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=45838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=45838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=45838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}