News & Analysis

Applications open for River City Labs three month CUA sponsored Entrepreneur Program

- January 8, 2016 2 MIN READ

Today River City Labs announced a three month sponsored Entrepreneur Program for startups and entrepreneurs. A full-time desk membership at the Fortitude Valley co-working space will give five successful applicants the opportunity to grow their business and develop their products.

The program is sponsored by CUA and mentored by the River City Labs team giving startups access to training and networking events, along with sponsored marketing and publicity opportunities.

Sue Coulter, General Manager of Business Transformation and Technology at CUA explains that “innovation is a really important focus for CUA and working with River City Labs gives us a real insight into the startup culture in Queensland, as well as access to smarter and more agile ways to work.”

“Our team saw firsthand how the initial group of entrepreneurs that utilised the CUA-sponsored desks last year were able to evolve their unique and interesting business models over the three months, turning ideas and hobbies into marketable products and services with promising prospects for the future,” Coulter said.

Applications are open to entrepreneurs of all ages, gender, background and experience and must be available to commit to work full-time on their business over a three month period. Current and past members of River City Labs are also eligible to apply given that they are working on a current tech prototype or operating business.

Josh Anthony, General Manager at River City Labs says they are, “thrilled to be ushering in the new year with the next round of the Sponsored Entrepreneur Program. We recognise that not every entrepreneur and startup can afford to rent a desk at a co-working space, so ideally the Program is about incentivising these people to take advantage of an opportunity that could potentially kick-start, grow and transform their business.”

The last round of the Program saw startup meVu win best Business Model with their eSports platform. The program helped cofounder Phil Barclay to open up his eyes to many different areas of business and entrepreneurism that he wasn’t familiar with. Barclay says that the experience “has proven invaluable for our ongoing progress and development.”

“Everyday the team learnt new things, but perhaps the most valuable skill we picked up was the ability to move quickly and adapt to change. We also discovered that pitching your idea to as many different people as possible opens up new connections and provides ongoing, practical feedback for your business.”

The Entrepreneur Program is focused on inspiring and incentivising startups to turn their ideas into reality by providing teams with valuable contacts, mentors and industry experts. The co-working space has worked to foster Queensland’s startup ecosystem through their accelerator programs and their partnership with muru-D has enabled them to work alongside some of the greatest tech minds in the startup space.

“We want to encourage founders at all stages and from all over Queensland to apply. If they are in a position where they are thinking seriously about next steps to develop their startup, the Program is a one-stop shop to receiving quality mentorship and gaining access to valuable networking and training opportunities,” says Anthony.

The program will commence on February 1 and startups can now apply until January 22, here.

Image: River City Labs Team. Source: Supplied