A program that encourages women entrepreneurs, helps strengthen the Sydney economy and supports business has received a financial boost from the City of Sydney.
Springboard Enterprises (SB) Australia has received $30,000 in City sponsorship to fund the 2015 Accelerator Program, an intensive ‘knowledge boot camp’ for female businesswomen.
Lord Mayor Clover Moore said the City’s 10-year economic development strategy aimed to enhance the skills of business people and increase their awareness of business opportunities.
“Some of Australia’s most successful business people are women, but we are still woefully underrepresented in areas like emerging and high-growth businesses,” the Lord Mayor said.
“The SB Australia Accelerator Program enables women with potential to be great entrepreneurs to further develop their skills and chance of success.
“Women are under-represented in high-growth industries across the world. This program gives participants the national and international networks and knowledge needed to find financing and develop their businesses.”
SB Australia is a not-for-profit organisation that connects Australian women entrepreneurs with a global network of investors dedicated to supporting high-growth, technology-oriented companies.
SB Australia chair, Topaz Conway, said the City’s support and shared commitment to entrepreneurs was important to helping Springboard Enterprises Australia to delivering a world-class program for women.
“Springboard Enterprises Australia is designed to prepare women-led companies for growth and connect them to high-value networks of investors and expertise in Australia and globally,” Ms Conway said.
“Our goal, working with our key supporters, is to provide an ecosystem that maximises opportunities for women to make high value contributions to Australia’s innovation and economic growth.”
The Accelerator Program was launched in Australia in 2013 and has since supported 16 businesses, with a high proportion from Sydney, including graphic design website Canva and energy management software company Switch Automation.
Entrepreneur and Switch Automation co-founder, Deb Noller, completed the Accelerator Program in 2013 and this month landed a $1.25 million investment in her business from Scale Investors.
“The Springboard program is invaluable in preparing budding entrepreneurs for the capital raising process,” Ms Noller said.
“The SB Australia experience, mentoring and network were all positive benefits and contributed to our $1.25 million fundraising.”
Switch Automation is a cloud-based software program that provides a remote energy-management and sustainability reporting for buildings to help business cut costs and run more efficiently.
The 2015 program will support 10 more women entrepreneurs to business success.
For more information, visit sb.co/australia
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