LESS THAN 30 days after completing the last cohort, ‘#BNE3’, the RCL Accelerator powered by muru-D has kickstarted its new group, #BNE4, featuring a diverse array of innovative 'scale-up' businesses.
Although the recruitment period was record-short at just weeks instead of the usual three-to-four months, more than 130 startups from eight countries applied. The nine successful teams offer potential solutions that range from digital aged care solutions to smart flood warning maps to an intelligent athlete care platform.
Each application was carefully reviewed by a panel of industry experts from leading organisations including muru-D, Startup Catalyst, Transition Level Investments and River City Labs.
After conducting over 20 hours of founder interviews and an intense one-day bootcamp, RCL Accelerator decided upon nine versatile teams to participate in the six-month intensive growth-program.
Head of Accelerator, Cristo Pajust said the program this time around is targeting later-stage startups which have established a solid base for rapid growth.
Each joining startup receives a $100,000 cash investment, which is a considerable increase compared with the previous investment of $60,000. This change is reflecting the growth needs of the businesses and is a sign of the Accelerator’s investors’ confidence in backing founders with an existing track-record.
“Australia has seen an increase in the quality and number of programs in recent years,” River City Labs founder and RCL Accelerator fund manager Steve Baxter said. “The majority of those programs focus on very early stage companies who haven’t yet launched or have customers/users yet.
“We have seen an opening in the market to focus on later stage ‘scale-up’ companies that have a level of proven customer traction, product already in market and capable founding team but still require support on how to rapidly scale or level-up their companies.”
Apart from money, teams will enjoy a variety of benefits on offer from muru-D and River City Labs’ extensive networks and gain exclusive access of support from a wide team of local and international mentors, fellow founders, alumni and corporate partners.
“I’m excited to welcome the BNE4 cohort to the muru-D family and looking forward to seeing how the founders grow and develop over the next six months in the program,” head of muru-D, Julie Trell said.
“It’s great to see how the startup ecosystem in Brisbane is continually growing and producing such high quality companies.”
Of the nine startups embarking on BNE4, all teams are solving a variety of world-wide problems – from bringing efficiency to education and aged care, to B2B technologies for real estate, insurance and aviation industry heavyweights.
Teams also seek to address needs common across developed markets – for example, empowering young athletes’ wellbeing and bringing together communities for a common cause.
The nine startups heading into the RCL Accelerator powered by muru-D program are:
Conpago – Conpago provides a digital solution for aged care providers to better connect with their clientele, and provides a platform for home care and village residents to interact with one another while creating transparency to the family and friends of people receiving care.
Edoome – Edoome is a social-learning platform that provides tools for effective communication and collaboration between teachers and students and tools to help teachers save time in planning, assessing and measuring students’ progress.
Flight Suit – Flight Suit is the easiest way to manage business travel. The platform empowers staff to quickly book and manage upcoming work trips while helping companies understand and optimise their travel spend.
FloodMapp – FloodMapp is an intelligent flood alert solution which provides users with more warning time and personalised messaging, allowing them to maximise their safety, save valuables and minimise flood damage. FloodMapp helps insurers reduce their flood-related losses, while improving safety and resilience for policy holders.
Icosian – Icosian is a business in a box that streamlines workforce and appointment management processes in the aged care and disability sectors.
iNSPIRE Sport Australia – iNSPIRE uses technology to improve the wellbeing of young athletes, globally. This takes place via an online platform, and mobile app to provide programs and capture highly sought after data.
Monarc Global – Monarc Global is an online booking interface for private aircraft charter.
Orbmaps – Orbmaps translates complex constraint data into an easy to digest ‘risk heatmap’ to visualise where development opportunities are possible.
World’s Biggest Garage Sale – World’s Biggest Garage Sale is a digital platform enabling communities globally to hold large scale re-commerce events. By activating dormant goods for good through the circular economy, the platform provides positive impact for people, for planet, for purpose.
The program runs from June to December 2018.