Muru-D, the startup accelerator backed by Telstra, has unveiled its new SYD6 cohort, with ideas developed including the future of local workforce optimisation, farm connectivity, prevention of work stress, and personal loan financing.
The ten successful applicants, selected from a field of nearly two hundred, are aiming to deliver innovative and simple product experiences for customers through next gen data platforms, predictive AI, IoT, fintech and WiFi networks.
Each startup will receive $75,000 in seed capital investment and over the course of the six-month program have access to a highly developed network of mentors and industry professionals to help accelerate their businesses to the next stage.
Unlike other accelerators, muru-D tailors the program according to the requirements of the founders in each cohort. This means each founding team can extract maximum value from their time at muru-D. Over the past five years, muru-D has accelerated over 140 startups– one of the largest startup accelerator portfolios in Australia – and has created hundreds of jobs.
SYD6’s newest Entrepreneur in Residence is startup industry veteran, Alan Jones has founded several startups, mentored hundreds of founders, and is an active investor in the startup ecosystem. He has been involved in the selection of SYD6 and will work closely with the founders to help them to grow their businesses and get them investment-ready.
“I’ve worked with many of Australia’s best-known startup accelerators but it’s long been an ambition of mine to serve as an entrepreneur-in-residence for a muru-D program. I’m stoked at the strength of the teams in this year’s SYD6 cohort; I’m looking forward to bringing my 20+ years of tech startup experience as a founder, angel investor and accelerator mentor to the program,” Jones said.