VC Investible backs Impact Tech Ventures to take tech scaleups global

Late-stage accelerator Impact Tech Ventures and early-stage VC Investible are collaborating to help drive international growth for promising Australian tech scaleups. 

The Sydney firms plan to collaborate cross a range of growth programs and engagement initiatives, including the 2022 Australian Technologies  Competition (ATC), now in its 12th year. 

Impact Tech Ventures Executive Chair Patrick Mooney said the annual ATC recognises aspiring scaleups with a tech-based solution to one of 12 award categories . Applications for the competition are now open until July 4. Investible’s backing will help the successful companies get to the next level.

“Together with Investible, our goal is to create, support and accelerate Australian deep tech scaleups to become international companies,  leveraging our combined pool of stakeholders, resources and capital,” he said.

“As they say, the whole is greater than the sum of its parts, underpinning  the value that comes from positive collaboration and partnerships,  Mooney added. 

While a long-standing early-stage VC, Investible is also building Greenhouse in Sydney’s CBD. It’s a new Climate Tech ecosystem dedicated to accelerating the collaboration, adoption and  impact of climate technologies on a global scale on behalf of the City of Sydney. Greenhouse will leverage the expertise and capacity of Impact Tech Ventures as it nears completion. 

Investible co-founder and Greenhouse CEO Creel Price said it’s all about thinking of the next stage for key Australian startups.

“Investible’s work toward Greenhouse is all about designing an ecosystem that’s optimised for growth; bringing together a diverse group of  investors, experts, partners, and advisers to provide climate tech businesses with the nutrient capital, talent, programs and community to  grow to their fullest potential,” he said.

“This complements the work done through Impact Tech Ventures and the  Australian Technologies Competition. We see this partnership as the  perfect alignment to help Australian companies reach their potential on a  global scale.”

The Australian Technologies Competition is also being supported by Investment NSW.

Last year, five of the 11 companies that won were led by female founders, including Coviu, iVvy, Plaetos, Goterra and Sound Scouts.

The national competition is designed to identify and accelerate homegrown scaleups with global potential. Apply to enter here.

NOW READ: Female founders lead nearly half the winners in the Australian Technologies Competition