Four creative startups will battle it out in a pitch for investment at Australia’s only event dedicated to connecting creative industries ventures with investment.
Now in its 6th year, the Creative³ two-day conference attracts entrepreneurs from all over Australia looking to gather growth and investment advice from Australia’s leading international creative entrepreneurs.
Anna Rooke, CEO of QUT Creative Enterprise Australia (CEA) who host the event said the event recognised the need for creative businesses to understand what the angel investment community are seeking, aiming to increase the number of investor-ready businesses in Australia.
Ms Rooke said “Our creative industries sector employs more people than mining and contributes $35 billion to our GDP, however creative startups struggle to find funding as they are often viewed as high-risk by investors.”
“For the past two years, the CEA Startup Fund has gone on to invest in one of the finalist companies, so this is potentially a life-changing opportunity for the finalists,” said Ms Rooke.
$1.2m is available for commercial investment through the fund which has so far invested in a visual search technology company, TrademarkVision (previously See-Out Pty Ltd), prom dress fast-fashion e-retailer Fame and Partners, augmented reality nail art company Metaverse Makeovers and quality bespoke goods marketplace Handkrafted.
The winner of the Creative³ Pitch will receive flights and accommodation for a founder to represent Australia at the Creative Business Cup in Copenhagen, Denmark. Here they will have the opportunity to compete for a prize pool, of USD $35,000 at Gobal Entrepreneur Week which attracts some of Europe’s biggest venture capitalists.