The Icehouse’s New Flux Accelerator Offers Up to $100,000 to Tech Start Ups
Applications Open to apply to Flux Accelerator
Auckland, 11 October 2016 – Technology startups seeking funding, global connections and expert advice are invited to apply to Flux Accelerator, a brand new pathway for founders looking to rapidly scale their startup. Run by The Icehouse, the six-month accelerator, offered for the first time in 2017 with the support of Callaghan Innovation, will invest between $20,000-$100,000 into six to eight early-stage technology companies.
A range of mentors have signed on to support the successful startups, offering founders industry specific, management and capital raising advice. Mentors include Paul Cameron, CEO of Booktrack, Claudia Batten, founder of Massive and Victors and Spoils, Tim Williams, director of ValueClick Japan and Chairman at 90 Seconds and Jason Kerr, Founder of Findly and Spoke.
Flux mentor, Jason Kerr, says, “After five startups, I’ve certainly learnt plenty about what it takes to build and exit a technology company. New Zealand has incredible talent and ideas, what is critical however, is turning these ideas into viable companies that scale internationally. Flux offers a pathway for founders to gain market traction and secure their next round of investment.”
Applications close on 19th December with the programme starting on 20th February 2017.
Flux is a different model of startup accelerator for New Zealand, designed to provide deeper support for the most promising founders, ensuring a closer fit for their product with the market opportunity and the opportunity to raise further capital at “Demo day” where each team pitches to over 200 investors.
The new programme builds out the Icehouse’s platform for early stage founders and investors, complementing the $11M Micro VC fund, Tuhua Ventures and ICE Angels, New Zealand’s most active angel investment network.
Mark MacLeod-Smith, Director of Flux Accelerator and Partner in Tuhua Ventures, says “Flux allows us to get closer to a smaller group of founders, providing more support and increased investment to the best technology startups New Zealand has to offer. The Flux model aligns founders with The Icehouse’s existing investor networks, like ICE Angels who have collectively invested $56M and the recently created $11M Tuhua Fund.”
To learn more about Flux Accelerator and to apply, go to www.fluxaccelerator.co.nz