San Francisco’s RocketSpace will open startup campuses in Melbourne, Brisbane and Sydney in 2017.
The prestigious startup campus is one of Austrade’s “paradise” landing pads for entrepreneurs and is renowned for its powerful alumni network, which includes Uber and Spotify.
“Australian startups have an incredible opportunity to scale and compete at a global level,” said RocketSpace founder and chief executive Duncan Logan in a statement.
“Our goal is to accelerate their growth by bringing them into the RocketSpace ecosystem and creating a bridge between Australia and the world’s top tech hubs.”
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RocketSpace residents in Australia will gain access to its global ecosystem that boasts over 100 corporations, 1000 startups and 18 unicorns—companies valued at $US1 billion or more.
The executive general manager of one of RocketSpace partners Dexus, Kevin George, says the local campuses will provide “unrivalled” services to high-growth tech startups in Australia.
Campus residents will get access to “office-as-a-service”, practical workshops, peer group roundtables, networking events and capital.
They won’t be required to provide any equity to RocketSpace.
“Australia is one of the world’s fastest growing hubs for tech startups which are a key driver of innovation,” said George.
“We are excited to be partnering with RocketSpace to provide an unrivalled service to high-growth tech startups in Australia, creating a bridge between Silicon Valley and major hubs in Australia to help tech entrepreneurs grow.”