Griffin Accelerator program has revealed the five startups taking part in its three-month intensive program, with this year demonstrating a focus on women-led startups and businesses.
The annual accelerator has announced this year that it will invest up to $250,000 in the selected startup teams, with an even $25,000 distributed to each for 10 percent equity. The program is run by a group of seasoned Canberra entrepreneurs who will invest in, teach and mentor the five selected startups to create viable and scalable businesses.
“We have a wonderful diversity in the startups – from platforms to brands to innovative physical products. All teams have innovations with the potential to make a big impact,” said Craig Davis, CEO of Griffin Accelerator.
From a selection of over 80 expressions of interest, Davis says the quality of the selected teams reflects the strength of startup and innovation in Canberra.
“The mentors and I are particularly pleased that four of the five startups are founded by women’ said Dr Davis, ‘and we hope that is a sign that the typical imbalance can change,” he said.
Griffin Accelerator is in its third year and while providing startups with three months mentorship, the program also gives entrepreneurs an additional three months of ongoing support including, free desk space and advice from industry leaders. Ongoing supports means the startups can lock in the learnings from the core accelerator program and combine those skills with the opportunity to negotiate with angel investors.
The five startups entering the Griffin Accelerator include:
Anti Grabbity: Founded by Hollie Bell, Anti Grabbity is a device that prevents children or young adults from engaging in risky behaviour and climbing over balconies
CycleLifeHQ: Founded by Charles Black, CycleLifeHQ is an “airbnb for cycling” experiences. The startup connects people to cycling rides and tours curated by local experts.
Rockstars and Royalty: Founded by Vicky Kidd-Gallichan, Rockstars and Royalty is an online retailer that sells customisable dresses inspired by vintage styles for special occasions.
Hometaste: Founded by Teena Thaliyath, Hometaste delivers meals made by local chefs to customers who want to experience quality food from the comfort of their own home.
Mashblox: Founded by Alix O’Hara, Mashblox introduces food to children in an appealing and novel way that was inspired by watching a toddler eating and bouncing an apple.
Image: Griffin Accelerator teams. Source: Supplied.