A total of 12 start-ups have graduated from Microsoft’s inaugural ScaleUp program in Australia after the four-month initiative finished with a business showcase and pitch to industry experts at the Microsoft Reactor in the Sydney StartUp Hub.
These included Auror, FreightExchange, Hyper Anna, InDebted, Kapiche, Karbon, Makers Empire, SimpleKYC, StartVR, Teamgage, VendorPanel and Winimy AI.
“The ScaleUp Program has been invaluable to helping Auror’s growth and business development," said Phil Thomson, co-founder and co-CEO at Auror.
"The resources we had access to and the expertise we were able to tap into over the four months has enabled us to take our solution to the world faster than would have otherwise been possible. We are excited to be partnering with Microsoft to enable the future of retail crime intelligence."
Auror's focus is on transforming he way police and communities prevent and solve in-store crimes.
Across the first 12 start-ups to graduate there is a mix of areas covered including freight management, artificial intelligence for analytics, solutions for debt recovery and more.
Artificial intelligence firm Daisee was the only of the original 13 start-ups not to graduate from the program.
According to Microsoft, "the timing wasn’t right for Daisee to participate in the entire program last year" but it will join the ScaleUp program in 2019.
“Sydney has a reputation for being one of the key start-up ecosystems globally. Validation of this was in our inaugural class,” said Emily Rich, managing director of Microsoft for start-ups A/NZ.
“After working closely with the companies over the last several months and seeing what was pitched at the showcase, the calibre of innovation coming out of Australia is extremely impressive.”
Following the program’s completion, Microsoft said it will connect the start-ups with its global network of customers, partners and venture capital firms.
First announced in February last year, the Sydney iteration is the eighth in Microsoft’s ScaleUp series, following on from programs held in Bangalore, Beijing, Berlin, London, Seattle, Shanghai and Tel Aviv.
The program aims to support start-ups with global expansion as well as product development through a curriculum that has been curated to grow every aspect of a start-ups business.
More than 700 companies have been through Microsoft's ScaleUp program in its five years of existence raising almost US$3 billion in follow-on funding.