Telstra picks startups for $40,000 investment

Ten startups chosen for six-month program in Paddington
  • (Techworld Australia)
  • 04 February, 2014 09:22
Telstra announced the startup teams who will receive investment at the muru-D co-working space in Paddington last night. Credit: Adam Bender

Telstra announced the startup teams who will receive investment at the muru-D co-working space in Paddington last night. Credit: Adam Bender

The Telstra startup accelerator program, muru-D, has revealed the 10 startups in which it will invest $40,000 a piece over the next six months.

Besides investment, Telstra will provide access to a co-working space, business support, mentoring and coaching. Telstra announced the program in October.

Telstra announced the 10 startups at its muru-D co-working space in Paddington, a suburb of Sydney. The teams are:

  • Chatty Kidz – a video chat platform for global families using educational content to engage kids
  • Class Cover – an online platform for schools that automates the real-time sourcing and booking of casual teaching cover
  • Farmbot – a monitoring system for farms
  • Limerocket – a social games network, connecting Smartphones to digital screens to enable multi-screen games
  • Momentum Cloud – a provider of cloud-based performance and reporting software for schools and child care centres
  • Open Learning – a social platform to facilitate e-learning practices
  • Pixc – a high volume image editing service for e-commerce stores
  • Safesite – a safety management system for building sites
  • Vistr – financial management software as a service for small businesses
  • Zed Technologies – e-health software for Radiology Departments

Telstra is one of a growing number of big Australian companies that see work with startups as a way to stay innovative.

“Telstra is passionate about playing a key role in identifying, nurturing and retaining the country’s best entrepreneurial talent, to help drive technology-based economic development,” said Charlotte Yarkoni, muru-D co-founder and Telstra head of global applications and platforms.

Ann Parker, muru-D program co-founder, said “muru-D is passionate about supporting innovation in Australia”.

“I’m confident the first group to enter the program is only the beginning to unearthing some of the most exciting technology companies Australia has to offer. This opportunity could be life-changing for the successful finalists and we just can’t wait for things to get started.”

Adam Bender covers startup and business tech issues for Techworld and is the author of a dystopian novel about surveillance. Follow him on Twitter: @WatchAdam

Follow Techworld Australia on Twitter: @Techworld_AU

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