The University of New South Wales (UNSW) has invested AUD 140,000 ($102,000) in seven start-ups as part of its 2020 10x Accelerator programme.
Selected from a pool of 75, the seven companies will each receive a $20,000 investment, with ventures including a robotic gripper that can grasp any object, image software which creates 3d materials to reduce online shopping returns and a mobile docketing system to replace paper receipts.
The programme is aimed at start-ups founded by UNSW students, staff or alumni, with director of entrepreneurship at UNSW, David Burt, saying the higher proportion of UNSW alumni teams in this year’s programme “signalled that many people in career transitions are starting new companies rather than seeking another corporate job”.
The 10x Accelerator is due to commence in August and will culminate in November. The seven start-ups selected for the 2020 UNSW Founders 10x cohort are: Contactile, Bandicoot Imaging Sciences, Aerologix, Record Time, Amphora Data, Block 42 and Cybercitizens.
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