Kicking off on 6 February 2017, the eight startups have been offered up to $60,000 (during and post-program) in seed capital investment and will benefit from a highly developed network of mentors and industry professionals.
Demo night live stream information 2017
On 2 August our #SYD4 cohort will be pitching to investors at a showcase event.
You can tune into the event livestream on Telstra Exchange to catch all of the action from 5:30pm AEST.
This year’s muru-D Sydney cohort, SYD4 is the most ambitious to date. More than 60% of our companies represent deep technology including robotics, satellites, ag tech, AI, medical devices, block chain, aerospace and VR.
This year’s companies also started the muru-D program with a combined revenue of $3 million, 10x higher than the prior year. Through the six month muru-D program, the companies have increased that to combined revenues of $5 million.
Recent updates to the muru-D program helped attract more ambitious and more developed companies to #SYD4.
We updated our funding model in November to an uncapped SAFE note, made popular in the USA, which means we no longer take a fixed amount of any company, and instead follow the market value. We also actively hunted for more mature companies, who traditionally would be less likely to consider an accelerator.
This cohort represents a depth of experience, innovation and global ambition that is a level above anything we have seen before.
Meet the startups:
For more information head to: muru-d.com/
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