Seed funding worth $400,000, office space, mentoring and connections around the world are on offer for start-ups trying to break into business, with incubator Spacecubed’s annual Plus Eight program accepting entries until Thursday.
Program co-ordinator Kate Kirwin urged start-ups to become part of an organisation with links to Singapore, Sydney, Melbourne and Brisbane.
“The program isn’t just about the seed funding it provides, the founders also have access to high-value mentoring, masterclasses and learning opportunities,” she said.
Six start-ups went through the Plus Eight program last year and used the experience to expand their businesses.
Spacecubed “entrepreneur in residence” Tim Brewer said he hoped this year’s intake would become inspirations for the start-up community.
“We hope that the 2018 group of founders and their teams will go on to become role models, inspiring and enabling others to take their part in the thriving innovation culture in Western Australia, stepping up to take their place on the global stage, which is a critical part of our economic future,” he said.
Between six and 10 companies will share in the seed funding and selected firms will benefit from six months of free office space and support.
Applications close on January 25 and can be made at pluseight.com.au.
One of last year’s graduates, director of geospatial analytics company Ovass, David Newman, said his firm had launched two products and opened an investment seed round since completing the program.
“Being part of Plus Eight enabled Ovass to expedite the process of taking an idea through to a business that’s serving customers globally in a short space of time, while giving the founders the skills that will enable them to grow the business,” Mr Newman said.