Applications have closed for the Rapid RegTech Accelerator program

The Rapid Regtech Accelerator is a unique startup commercialisation program developed and delivered by the Gold Coast Innovation Hub (GC Hub), in collaboration with Refactor Software Development, Scale Innovations Growth Marketing Agency and 42 Ventures Investments and with the support of the GC Hub corporate network in response to rapidly emerging opportunities in the RegTech sector.

  

The program is designed to engage participants directly with the industries that they are developing solutions for and equip them with funding, services, skills and practical application of their technologies through funded proof of concept trials in order to achieve commercialisation outcomes and further investment.  

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  • The number of startups accepted into the program will be capped at 6.
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Follow on Funding Access

Why RegTech?

 

RegTech is the digitisation of Risk, Regulation and Compliance processes. 

 

The market is growing at a CAGR of 25% and presents a USD$127 billion global opportunity.

 

Growth in the RegTech sector is being driven by an increase in regulation and compliance requirements in a variety of industry sectors such as Telecommunications, Finance, Legal, Education, Healthcare, Manufacturing and Government.

 

The GC Hub has a strong network of corporate partnerships within these sectors and will be working with these organisations to provide funding and commercialisation opportunities to up to 6 early stage, high growth companies.

 

Who Should Apply?

  • The Rapid RegTech Accelerator is designed for early stage, high growth companies creating solutions that assist in the automation and digitisation of Risk, Regulation and Compliance processes.

 

We will be looking for startup founders that are passionate about the problem they are solving and the customer they are solving it for.

 

We will be looking for startup founders that have an authentic connection to their chosen market.

 

Startups will need to show global potential and be well positioned to leverage our corporate networks.

 

Startups will need to demonstrate that they have technology developed and are post revenue.

 

Startups will need to be structured to take investment.

 

The 6 selected participants will receive between $10k and $50k of seed investment (based on stage and traction), technology credits and partner services to be utilised during the program.

Key Dates

The Rapid RegTech Accelerator program consists of a 6 week structured program, followed by a 6 week validation & growth period.

The program concludes with an Investor and Partner pitch night.  Ongoing support post program is provided by the GC Hub.

Applications are now open and Close at 11.59pm on the 15th October 2020.

Successful participants will be announced on the week commencing 19th October.

Successful participants are invited to join an exclusive sit down lunch with the program partners and investors.

During this time the participants will have an opportunity to share more information about their startup, establish connections with the partners and learn more about the investment structure provided by 42 Ventures.

30th October 2020 – 12-3pm

The structured accelerator program commences on Monday 2nd November and runs for 6 weeks.

This is an intensive program and your 100% commitment to the program is required – if you can’t commit, don’t apply.

Expect:

  • Daily standup meetings with the program facilitator.
  • Up to 3 workshops with program facilitator and/or partners per week.
  • Weekly proof of concept scoping and implementation sessions with partners.
  • Fortnightly investor checkins.

From the 11th December until the 20th January participants are set free from the rigorous education program and given time to gain traction and build revenues for their business before the final partner and investor showcase.

The program concludes on the 21st January with a ticketed cocktail event and formal pitch night in front of program investors, partners and the broader innovation community. 

A range of additional investment and corporate partners will be provided with VIP seating on the night and granted ‘green room access’ after the pitches are complete to discuss investment or commercial interest in the companies.

 

All participants will receive a 6 month virtual membership with the GC Hub upon completion and will be supported in follow on investment and commercialisation activities.

Ready to apply for the Rapid RegTech Accelerator Program?