Amcom, eGroup WA and technology hub Spacecubed, have launched a tech accelerator program in Perth, named Amcom Upstart.
The aim is to help startups turn their ideas into the next big thing. The program is open to any idea providing it incorporates some software.
It will identify up to eight startups and provide $40,000 in seed capital during the three month program commencing June 1.
All startups will have access to a number of experienced mentors, drawn from the extensive networks of Spacecubed, eGroup and senior staff at Amcom, and a dedicated space at Spacecubed.
Amcom chairman, Tony Grist, said it was about supporting and growing the local startup ecosystem and encouraging entrepreneurs to bring their ideas to life.
In addition to Amcom, the Accelerator Program has the financial backing and support of Tony Grist, local venture capitalists Matt Macfarlane, Rob Newman, tech funders Forrest Capital, and a number of high net worth investors.
“Whilst there has been increased investment activity in later stage technology companies via the ASX in the last 12 months, there has been very little investment activity in the startup sector in WA,” eGroup WA secretary and program director, Robert Nathan, said.
Applications will open February 16 and close April 10.
Amcom Upstart has been modeled on US programs that have helped startups develop a business model, get their product to market and win customers.