Techstars Adelaide, the first Techstars accelerator in Asia-Pacific has launched its 13-week intensive program in which 10 startups from different parts of the world will gain access to high profile mentors, the Techstars global network, a newly renovated work space in the Adelaide CBD and a cash investment of up to US$120,000 in their companies.
After reviewing applications from 49 different countries, Techstars Adelaide selected the Top 10 to take part in its accelerator program with founders hailing from Australia, India, Israel, Italy, NZ and the US.
The selected teams work on a wide range of defence and security related technologies including big data and analytics, sensors, unmanned aerial systems, rocket propulsion, cyber and physical security, and performance improvement.
Out of the 10 finalists, six startups are from Australia, with companies from Melbourne, Brisbane and Adelaide joining the program.
1. Additive Rocket Corporation from San Diego, US
2. CRON Systems from New Delhi, India
3. Daitum from Adelaide, Australia
4. Dotterel Technologies from Auckland, NZ
5. IR Sensors from Adelaide, Australia
6. Iridium Dynamics from Brisbane, Australia
7. MySky Technologies from Adelaide, Australia
8. NIMIS CyberSecurity from Melbourne, Australia
9. RadioMaze Inc. from Cupertino, US
10. Teamgage from Adelaide, Australia
Techstars Adelaide is led by managing director, Terry Gold who said he was looking forward to working with the Top 10 to help them grow their companies while introducing the overseas founders to Adelaide.
“The selection process was not an easy one due to the large volume of very strong applications,” Gold said.
“We were hugely impressed by the depth of innovation coming from the defence and related sectors. We were particularly excited to see that so many of the applications that really stood out from the crowd were from our home base of Australia.
“From drones to data analytics, from virtual borders to rocket science – we’ve assembled a group of the most exciting technology startups working in and around defence today.
“By bringing these teams together and linking them with startup experts and industry specialists we will help them rapidly scale up their businesses.”
Over the course of the program, the companies will relocate to Techstars Adelaide’s new bespoke workspace on the city’s North Terrace and receive hands-on mentorship from Techstars mentors.
They will also receive guidance and support from the corporate partners and global defense sector leaders Boeing, Codan Defence Electronics, SAAB Australia and Thales.
All participants will benefit from lifetime access to Techstars resources, connections to investors and the Techstars global network of over 5,000 entrepreneurs, alumni and mentors as well as over US$1million worth of perks all aimed to provide the companies with all the resources they need to achieve their goals.