PayPal and Braintree’s Startup Blueprint, a global program to support startups making mobile web software or services, has launched in Australia.
The program was also launched in seven other markets in the Asia-Pacific including Singapore, Hong Kong, Indonesia, Japan, Malaysia, Philippines and Taiwan.
The Startup Blueprint program partners with startups from incubators and accelerators around the globe to help the next generation of mobile and web companies to monetise their businesses and connect with 152 million active account holders. Its Australian partners include Startmate, Blackbird Ventures, ATP Innovations and Oxygen Ventures.
Through the program startups get free payment processing for up to a transaction value of $US1.5 million with PayPal and $US100,000 with Braintree. The startups will also get access to a team of startup advisors who will provide one-on-one mentorship, workshops and support.
To be eligible for the program startups must focus on making mobile or web software or services, be privately held and make less than $US3 million annually or be less than five years old, and be nominated by a Startup Blueprint partner.
The program has been operating since late last year and has helped nurture successful startups including Memebox, Blitsy, Telnyx and Swivl.
Founder of Startmate and Blackbird Ventures Niki Scevak says both are thrilled to be Startup Blueprint partners.
“It’s programs like these that give our startups an edge when launching global businesses from Australia.”
Senior global director, PayPal and Braintree developer and Startup Relationships, John Lunn says it’s a way for the companies to give back to the startup community.
“We know every cent matters and we do not expect anything in return. PayPal and Braintree are driving Startup Blueprint because we have been there,” he says.
“We want to help startups get up and running. This program empowers payment capabilities and supports each startup’s growth.”