Home Strategy SBE Australia opens applications for accelerator program

Not-for-profit organisation SBE Australia has opened applications for its Springboard Enterprises accelerator programme which provides up to 10 emerging, high-growth companies — with a woman or women in senior leadership positions — the opportunity to tap into a global suite of world-class entrepreneurs, investors and top-tier business development experts.

The programme is designed to assist companies to build, accelerate and scale their businesses.  

Topaz Conway, chair of SBE Australia, said: “This is our sixth year of delivering the Springboard Enterprises Australia Accelerator and our 45 alumnae have performed far above the Australian norm. With 85% successfully raising capital post-programme, we have seen $180 million go to these women-led companies, had two ASX listings, and three acquisitions.

“We know without a doubt that when women are adequately funded and have access to supportive networks they perform well. In fact, they outperform. Our programme creates an environment that builds confidence, knowledge and connections that is life changing for women entrepreneurs and their businesses.

“Entrepreneurs tend to create their own virtuous cycle and I am exceptionally excited to welcome our newest SBE board member, Noga Edelstein, founder of UrbanYou. Noga is a successful entrepreneur, by way of a legal profession in a previous life, and will importantly bring direct experience with SBE programmes."

“If you are looking to raise capital, make quality connections and gain a deeper understanding of your business, you need to apply for The Springboard Enterprises Australia Accelerator. It provides unmatchable access to a global community of innovators, investors and influencers, and top-tier mentoring and business sessions,” Edelstein said.

Conway said that since participating in the program, UrbanYou has gone from strength to strength.

“They raised $1 million in just two weeks with the funds allowing them to acquire competitor HomeHello. As a result, they doubled their recurring user base and could instantly launch into Brisbane. It also allowed them to launch UrbanYou PALS, their successful Partners and Lifestyle Services, which now accounts for 10 per cent of monthly revenue.”

The Springboard Enterprises Australia Accelerator programme involves:

1.    A highly interactive, three-day boot-camp in Sydney that focuses on an assessment of each of the company’s market and business opportunities.

2.    An intense eight-week coaching programme. Each company is matched with the most appropriate coaching team, consisting of both Australian and US coaches, to help with business strategy, financial modelling, IP, pitch deck, connections and high value networks in the US and Australia.

3.    The Dolphin Tank presentation night (post-coaching) provides participant companies the opportunity to pitch to an audience of investors and influential business people, including corporate executives and advisors, who offer actionable insights, connections and access to relevant resources.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

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