Five innovative Indigenous start-ups have been selected to attend a ‘mini’ four-week business-accelerator program at The Capital, the recently opened dedicated venue in Brisbane’s CBD for digital technology startups and entrepreneurs.
The program is in partnership with Slingshot, offered by Barayamal, a new not-for-profit business, which will run Australia’s first Indigenous accelerator program from mid-2017.
CEO of Barayamal, Mr Dean Foley, said an accelerator typically helps start-ups to gain access to business networks, knowledge, expertise and early-stage funding they need to build successful businesses.
“Now Aboriginal and Torres Strait Islander entrepreneurs will have their own accelerator to turn to for such support. The support will also include world-class entrepreneur programs from Australia’s leading corporate accelerator, Slingshot and will offer one-on-one mentoring with successful Indigenous and non-Indigenous entrepreneurs,” Mr Foley said.
CEO of Slingshot, Karen Lawson explained “We are delighted to partner with Barayamal to create new opportunities for indigenous founders to grow and accelerate their business. We are passionate about diversity and inclusion and are excited by the opportunity to address this within the indigenous community.
“The quality and depth of our program has been recognised by universities and when this is combined with our world class mentors, we have proven that our accelerator will equip entrepreneurs with skills, knowledge and connections to deliver commercial outcomes.
“Over four weeks, participants will learn contemporary techniques for taking their business ideas step by step through the essential stages,” she added.