The Australian Sports Technologies Network has just announced some seeding funding for start up companies. Its very exciting especially as our Queensland node of the ASTN consists of many a SME enterprise based on great ideas but struggling to get over the hump financially. It was reported in todays Financial Review too.
Duncan Saville to invest in Australian sports technology start-ups
Here’s more from Craig
ASTN SECURES MAJOR INVESTOR TO SUPPORT THE AUSSIE SPORTS TECH INDUSTRY
Launches Expression-of-Interest to access Start-Up Seed Money
The Australian Sports Technologies Network (ASTN) is delighted to announce that it has secured The Australian Sports Tech Company as a key investor into the Australian sports technologies Industry. The Australian Sports Tech Company is an Australian-based investment company with strong global links in sports and technology.
The Executive Director of the ASTN, Craig Hill, says “This is a pivotal point in the development of the Australian sports technologies industry. The ability to attract an investor with both an interest in Australian sports tech along with a global reach is exactly what our industry needs to support high-potential, scalable start-ups. It also validates the work and direction that the ASTN has been building with its members over the past 3 years.”John O‘Connor, Director of The Australian Sports Tech Company said “We are very excited to be able to back start-ups in the Australian sports tech space. We have a very optimistic view that with a mixture of initial seed funding and our global reach- together with solid mentoring and connection program – that selected start-ups will be in a sound position for the potential to attract follow on funding from us in the very near future.”
Mr O’Connor further stated “The decision to invest in the industry is well-founded based on the number of quality start-ups with real opportunity to quickly scale to global application.”
The ASTN and The Australian Sports Tech Company have launched an Expression-of-Interest to start-ups that are interested in securing initial seed funding from The Australian Sports Tech Company.
Expressions-of-interest close 5pm Sunday 3rd May . Full details are available at:
For media and expressions-of-interest enquiries please contact:
Australian Sports Technologies Network
+61 408 390 930