Post-seed funded, business-to-business startups with revenue of $500,000 are the target of KPMG and not-for-profit Advance’s new startup support program.
Speaking at the official launch of elevate61 in Melbourne on Wednesday night, Advance chief executive officer Serafina Maiorano said Australia’s future prosperity on its willingness to embrace innovation.
“Advance and KMPG’s vision in the Elevate 61 program is to help shape and empower Australia’s entrepreneurial ecosystem, leading to high value job creation, corporate and social growth in Australia,” she says.
“The program reflects our strategic alliance and a new focus on helping post seed funded enterprise startups build sustainable global businesses.”
Elevate61 is calling for applications from startups in agriculture, energy and natural resources, financial services, healthcare, telecommunications and media, and infrastructure industries. The program does not take equity in any of the companies but the 25 startups invited to take part will be required to pay a fee of around $3000.
In exchange they’ll get “intensive learning”, access to enterprise customers, an established network of investors, a global mentor network and KPMG leaders. There will also be the chance to showcase their products or services at a US and Australian road show. The US visit will last 10 days and includes stops in San Francisco, Los Angeles and New York City.
Learning will focus on establishing a business in the United States, developing a winning value proposition and pitch, enterprise selling, and building valuable networks.
For more information or to apply, visit http://www.elevate61.com.au/.