A new accelerator program focused on efficiency solutions for government departments has been launched at the Australian National University by ACT Chief Minister Katy Gallagher.
The Griffin Accelerator has 10 places for startups offering innovative services in government software, services, defence, education and health.
Startups will receive access to a 12-week training program and $25,000 in seed capital in exchange for 10% of the company.
Accelerator spokesperson Nick McNaughton said the accelerator was another step forward for the growing Canberra startup scene.
“This accelerator program is another building block in the early-stage innovation eco-system in our city,” McNaughton says. “Last year we launched Entry 29 the Co-Working space which has attracted over 125 paying members since launch in May 2013. The success of Entry 29 demonstrated the demand for an accelerator program and we are pleased to now be open for business.”
The program is being run in collaboration with Sydney-based accelerator and startup training group ATP Innovations. The chief executive of ATP Innovations, Hamish Hawthorn, said Canberra had a collaborative spirit that would make this project a success.
Local investors have contributed $300,000 to the program. Many will also mentor the startups during the 12 week program. Gallagher also announced a $70,000 grant to the program to assist with running costs.
Applications close on May 23.