Some very nervous startup teams recently pitched to the Activator Capital Fund Board to secure pre-seed funding for their ventures. The fund supports startup teams in building a ‘minimum viable product’ that can be launched to market or accepted into other accelerator programs. The teams also benefit from the Board’s advice in validating their business idea and identifying potential issues.
The seven million dollar fund offers up to $25,000 of funding in two $12,500 allocations. The loan term is three years, unsecured and interest-free for deserving startup founders.
Since 2015 the Capital Fund Board has approved $955,000 worth of funding, with the last round of five teams securing a total of $87,500.
The lucky teams were PT Essentials, Petzyo and Say I do, receiving $12,500 each, with Block HQ and Karma Pillows receiving the full $25,000 each.
Learn more about the exciting ventures below:
Online software created specifically for self-employed fitness professionals. The platform allows users to scale their business like a corporation whilst maintaining the personal touch and quirk of a small business. PT Essentials was founded by ex-ADF Paratrooper Matt Harris to reflect his commitment to helping people lead healthier lives.
A tech-driven pet food business that manufactures, packages and distributes it’s tasty treats right to the doggy doors of customers on a subscription basis. Petzyo’s co-founders are Sam Keil, who has seven years experienced with tech startups and David Latimer, with fourteen years experience in project delivery, finance and management. The duo are assisted by Will Cox who is a marketing and events expert.
A smart building platform for property and facilities management. The co-founders come from a range of backgrounds; Janaka Ediriweera is experienced in business analysis and project management. Deshan Madurajith has a background in software development and design, with Kanishka Attapattu having worked in civil engineering, operations and customer service.
Say I Do
A wedding management platform that facilitates guest communication, invite lists and RSVPs. Co-founder Ryan Margheriti has previously worked at Broadsheet Media with over seven years experience as a developer, UX designer and product manager. Mark Burgess is Say I Do’s other co-founder, handling Marketing and Business Development with experience in campaign strategy and media selling.
Improving the quality of a good night’s sleep through specially designed pillows. Founded by best mates Luke Tengstrom and Elijah Oxenham. The pair met whilst studying at RMIT and started Karma Pillows after both landing jobs at Accenture. Luke handles Brand and Customer Experience, with Elijah taking care of Finance and Operations.
Reached the bottom and still want more?
Meet our current cohort of startups taking part in our LaunchHUB Accelerator Program. Head to RMIT Activator YouTube channel.