$50K to kick start your business idea!
Venture Catalyst is a seed fund for budding entrepreneurs who are looking to grow their business or simply develop a new idea.
An initiative of both University of South Australia and the South Australian Government, and delivered through the Innovation & Collaboration Centre, Venture Catalyst is open to all UniSA students, recent graduates (less than three years) and their teams.
Venture Catalyst helped entrepreneur and recent UniSA Project Management graduate, Rachel Kidwell, grow her startup TCPinpoint back in June 2016, when she won Venture Catalyst and secured $50,000.
Rachel, who also has a Bachelor of Interior Architecture from UniSA, was prompted to start her own business, Kidwell Coordination, when the global financial crisis hit in 2009. The company provides tenancy coordination and fitout management services to landlords and developers in the retail and commercial sectors. Rachel noticed that consistent problems were being experienced by landlords in shopping centres and her new venture idea was born.
TCPinpoint is an automated cloud-based workflow system to assist landlords deliver shops in shopping centres in a more efficient manner – saving both time and money.
Since winning Venture Catalyst, TCPinpoint used the $50,000 to appoint a software developer, finalise the MVP (Minimal Viable Product) and engage their very first customer.
Hear below from Rachel how Venture Catalyst helped TCPinpoint grow.
To date, Venture Catalyst has awarded seed funding of over $430,000 to nine different companies.
Some of the previous winners have included Vinnovate, which developed an innovate new bottle closure designed to enhance the consumer wine experience, and myEvidence, which has created a mobile application that allows investigators to gather digital evidence using a secure, all-in-one platform.
Two other 2016 winners, include MAATSUYKER, which has designed a new luxury wool men’s apparel brand, and Snake Oil Tonics, which is creating a premium and bespoke Tonic Syrup that can live up to the award-winning standard of the world’s premium gins.
If you have an idea for a startup and need a cash injection, a team, brilliant advice or a dedicated workspace, Venture Catalyst might be the right avenue for you. This round will also be introducing a new Social Enterprise Stream, for students and entrepreneurs who are dedicated to tackling social problems and improving communities. Come along to the Venture Catalyst Information Session on Tuesday 9 May 2017 to find out more. To register, visit https://venture-catalyst-information-session-may.eventbrite.com.au