77 VENTURE CHALLENGE
Go from pitch ready to investment ready
Does it cost money or equity to participate in the program?
No, ventures are not required to issue equity or make payment in order to participate in the program.
I’ve already raised some capital, can I still participate in the program?
The program is best suited to ventures approaching pre-seed or seed stage investment. As long as you are at this stage you are eligible to apply, no matter if you’ve already raised capital.
How much time would the program require from my team?
The program is designed to allow for maximum flexibility. We let each venture confirm the areas they want to concentrate on. Of course, the more you put into the program the more you’ll get out of it and the better prepared you'll be to raise the next stage of support.
Would the program connect me to others that may also be able to support my venture?
Yes, part of our role in preparing you for the next stage of support is connecting you to the right people. We draw on our networks in Australia, United States and beyond.
What are the terms of the $100,000 investment to be offered to at least one venture?
The terms of the investment will be negotiated fairly and by mutual agreement at the end of the program.
What is included in the business services valued at up to $50,000 in total, to be offered to at least one venture?
This includes services valued at up to $10,000 per provider, to be offered by the following program supporters:
businessDEPOT - accounting services
Davies Collison Cave - intellectual property services
Fractal - marketing services
Helpthe.biz - business modelling services
Redchip Lawyers - legal services
Is the program open to any venture?
The program is open only to companies currently registered in Australia with a substantive presence in Queensland.
What are some examples of ventures in AIR and related sectors?
Artificial Intelligence, Machine Learning, Natural Language Processing, Augmented Reality, Quantum Computing,
Internet of Things, Edge Computing, Sensor Networks, 5G Enabled Technologies, Cyber Physical Systems,
Robotics, Autonomous Systems, Computer Vision, Robotic Process Automation...