Accelerating Aussie tech scaleups on a global stage

Friday, 17 June, 2022

Accelerating Aussie tech scaleups on a global stage

Sydney-based late-stage accelerator Impact Tech Ventures and Australian early-stage VC Investible have recently joined forces to propel the international growth of Australia’s most innovative emerging tech scaleups.

Sharing a number of common objectives with regards to championing sustainable technologies and facilitating the export of Australian innovation, both parties today announced a flagship partnership to unite the ecosystem and help contribute to the growth of the homegrown sector.

The partnership will see collaboration across a slate of growth programs and engagement initiatives including the 2022 Australian Technologies Competition — now in its 12th year.

The partnership was announced at a VIP lunch in Sydney’s CBD, attended by key stakeholders of the NSW tech, trade and innovation ecosystem, including Robyn Preston MP, Parliamentary Secretary for Science, Innovation and Technology.

“Together with Investible, our goal is to create, support and accelerate Australian deep tech scaleups to become international companies, leveraging our combined pool of stakeholders, resources and capital,” said Patrick Mooney, Executive Chair of Impact Tech Ventures.

“As they say, the whole is greater than the sum of its parts, underpinning the value that comes from positive collaboration and partnerships,” he said.

Investible, known for its investment in early-stage tech companies in Australia and South-East Asia, is also building Greenhouse, a new Climate Tech ecosystem dedicated to accelerating the collaboration, adoption and impact of climate technologies on a global scale.

The flagship initiative, supported by the City of Sydney, will be a leading contributor to the region’s climate tech sector. Greenhouse will leverage the expertise and capacity of Impact Tech Ventures as it nears completion.

Investible Co-founder and Greenhouse CEO Creel Price said the partnership is about helping businesses find their full potential.

“Investible’s work toward Greenhouse is all about designing an ecosystem that’s optimised for growth; bringing together a diverse group of investors, experts, partners and advisers to provide climate tech businesses with the nutrient capital, talent, programs and community to grow to their fullest potential.

“This complements the work done through Impact Tech Ventures and the Australian Technologies Competition. We see this partnership as the perfect alignment to help Australian companies reach their potential on a global scale,” he said.

Aspiring scaleups with a tech-based solution to one of 12 award categories can apply online between now and the closing date of 4 July 2022. Supported by federal government, state government and private enterprise, this year NSW serves as the host state of the Competition, courtesy of sponsorship and support from Investment NSW.

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