A UNSW student-led startup will be offered up to $50,000 in seed funding through a partnership struck between Venturetec Accelerator and UNSW's NewSouth Innovations.
Venturetec Accelerator is on the hunt for enterprise technology startups in the Asia Pacific region.
In addition to funding, the accelerator also offers to connect startups with Fortune500 executives regionally.
Founder Trey Zagante is a Masters of Business and Technology student and AGSM alumnus.
He is also a beneficiary of the Student Entrepreneur Development program at NewSouth Innovations (NSi), which helps UNSW students bring their startup plans to life. Venturetec is one of more than 200 startups that NSi is currently assisting.
Now, the relationship between NSi and Venturetec Accelerator has expanded to benefit other UNSW student-led startups.
"This is an important partnership as it supports Trey as a current student and alumni entrepreneur and also enables our wider student entrepreneur community a chance of accessing amazing high-level networks across Asia and up to $50,000 in seed funding if accepted by Venturetec," NSi's Student Entrepreneur Development Manager Joshua Flannery says.
Zagante says he has already started meeting UNSW student teams vying for a place on the Venturetec Accelerator program, and invited more to apply.
"Enterprise software can include financial, logistics, operations, HR, telecommunications and media-related applications that aim to solve problems for large businesses – typically targeting Fortune500 companies," Zagante says.
He sees huge market potential for enterprise – rather than consumer – focused apps.
"The appetite for new technology solutions from industry is now more than double that for applications that service consumers," Zagante says.
UNSW students interested in the program should send an email to: firstname.lastname@example.org
Media contact: Ry Crozier, UNSW Media Unit | 02 9385 1933 | 0425 245 887 | email@example.com