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Funding

Disability tech accelerator Remarkable is now backing startups with VC to Series A

- June 10, 2024 2 MIN READ
Cephable
The Cephable team at CES 2024. 

Australian disability tech accelerator Remarkable has ramped up its venture side, and is now looking to back startups in disability, ageing and health, from Seed to Series A.

Remarkable is the startup venture arm of the Cerebral Palsy Alliance (CPA), founded in 2016 by Pete Horsley.

Over the past 8 years Remarkable has helped 120 startups through its programs. They have gone on to raise more than $68 million to help people with disabilities to lead better lives.

Horsley said that going from startup to scaleup, is made more challenging for disability tech companies because investors wrongly think that they’re not necessarily focused on profit.

“We saw a need to support Disability Tech ventures beyond our successful Launcher and Accelerator programs,” he said.

Remarkable created a unique source of capital to help fix the broken link between supply and demand for disability tech and support ventures at the key Seed to Series A stage to serve the world’s largest minority population and achieve measurable, sustainable impact.”

The result is the new Scaler program. Scaler’s impact is judged by the number of people with disability who benefit from a portfolio company’s solutions. It will help founders secure the coaching, mentoring, industry connections and frameworks to scale, mitigate risk and execute with excellence.

Scaler funding comes from donations to CPA and the minimum investment in a startup is A$200,000. The program is looking to invest in Australia, Canada, Israel, New Zealand, Singapore, United Kingdom and United States.

Horsley added that disability has helped drive innovation for everyone, with the typewriter, telephone and touchscreen as examples.

“Disability is inherent to what it means to be human,” he said.

“Designing products with disability in mind has and always will lead to world class technology that benefits everyone, as well as outsized market potential.”

A recent example from the Remarkable Accelerator is Cephable, which is transforming how people interact with their computers and mobile devices in ways that work best for them.

From productivity and creative applications to gaming, everything is controlled using body movements, facial expressions and voice commands thanks to Cephable.

Founder and CEO Alex Dunn said the Remarkable Accelerator was one of the best decisions they made for their startup

“Since the Accelerator, we have grown rapidly in how we deliver personal accessibility to each individual and enterprise,” he said.

“Remarkable was the real launcher for our success.”

Remarkable head of investment Zara Fulton said disability tech is a US$13 trillion annual disposable income opportunity.

“There are myriad opportunities to be first to market with something truly needed and valuable and build great commercial businesses in Disability Tech” she said.

“If we live long enough, we will all live with disability.”

Remarkable’s  Scaler initiative as designed to help showcase the game changing potential of disability-driven innovation.

Fulton argues that tech founders and investors alike should care about the market failure in disability, because any one at any time they could be among them.

“We also highly value stories at the individual impact level as improvement in quality of life is priceless,” she said.

“Disability Tech ventures who have a successful product aligned with CPA’s mission and are raising Seed to Series A stage capital to meet demand and achieve far reaching impact should apply for Scaler funding”.

More details on Scaler here.