Latest News

Back to Latest News back

 

Sports Tech businesses get a HeadStart into $300 billion market

Sports Tech businesses get a HeadStart into $300 billion market
June 30, 2014

The Australian Sports Technologies Network (ASTN) is today (30th June) launching its HeadStart Accelerator Program – an ASTN initiative that leverages off the opportunity that Australia has to develop a truly globally competitive sports technologies industry.

The Program aims to incubate and invest in up to 40 new sports technology and information technology start-up businesses over the next four years. It builds on the solid foundation that the ASTN and ICT Geelong (the Geelong Region ICT Network) have already laid to grow a successful technology start-up economy in the region. Some of these activities have included investment pitching competitions, technology entrepreneurship forums, access to commercialisation experts and investors.

Located in Geelong, the establishment of HeadStart was supported by funding from Enterprise Geelong (part of the City of Greater Geelong) and the Department of Employment (formerly DEEWR). The ASTN estimates that HeadStart can create at least 75 new high value jobs in Geelong over five years.

HeadStart helps develop new robust businesses in Geelong through an ‘accelerator’ model based on highly successful systems established in the USA and Europe. It is the first Accelerator Program in Australia focused on the development, growth and investment in sports technology start-ups. The Program gives these start-ups unique access to the sports industry as well as connections to local, national and international network of investors, mentors and advisors. It brings start-ups to Geelong with the prospect of retaining these businesses within the Region.

A non-investment intake of seven start-ups recently commenced the Program. The intake includes start-ups involved in wearable technologies, online sports platforms, sporting goods as well as unmanned aerial vehicles (UAVs). Three of the start-ups will go to Silicon Valley and undertake a world-class executive entrepreneurship and venture capital program through the University of California (Berkeley).

HeadStart recently finalised its investment memorandum and has plans to raise $2 million into an investment fund over the coming six month period. This fund will cater for investments of $20,000-$50,000 in up to 40 start-ups over a four year period.

Generally this will be for a 10-15% equity stake in each start-up selected in the HeadStart Program.

For more information visit the ASTN website at www.astn.com.au

17th June 2013 - AUSTRALIAN SPORT TECHNOLOGIES NETWORK TO HOST NSW EVENT, ANNOUNCES 2013 CONFERENCE DETAILS

8th November 2012 - SPORT TECHNOLOGY INVESTMENT FUND LOOKS TO KICK GOALS 

25th September 2012 - AUSTRALIAN SPORTS TECHNOLOGIES NETWORK TO HOST INAUGURAL NATIONAL CONFERENCE

12th May 2012 - ENCOURAGING TOP-CLASS INNOVATION TO FIND AUSTRALIA’S WINNING EDGE

26th April 2012 - AUSTRALIA GOVERNMENT PLAN TO LEAD THE WORLD IN SPORTS TECHNOLOGY 

8th December 2008 - NEW TECHNOLOGY NEEDS A SPORTING CHANCE FROM CLUBS


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

AUSTRALIAN WATERSLIDES AND LEISURE

A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…

read more

Aquatics / Attractions / Play / Waterparks

 
 

CENTAMAN

Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…

read more

Access / Billing / Fitness / Technology / Ticketing

 
 

WATERPLAY Solutions Corp

Whether your goal is increasing your centre's revenues or creating an engaging environment, why not add play to your project? If you're looking for stylish aquatic play features, kid-tested…

read more

Aquatics / Attractions / Play / Recreation / Waterparks

 
 

Myzone

Myzone is the industry’s leading wearable technology solution. Myzone’s wearable products show and reward effort when you work out. It displays accurate real-time heart rate, calories, and…

read more

Fitness / Sport / Technology / Wellness

 
 

Otium Planning Group

Otium Planning Group is a contemporary sport and leisure consultancy providing services in planning, facility development, management and funding for the sport, recreation and leisure industries…

read more

Aquatics / Consultants / Recreation / Sport / Venues

 
 

TJS Services

TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide.  Our…

read more

Hospitality / Retail / Venues

 
 

METRA Australia

METRA Australia is your innovation partner for smart electronic locking, Access Control solutions and cashless payment systems to suit all types of leisure facilities.  Our team’s…

read more

Aquatics / Attractions / Fitness / Recreation / Security

 
 

Pico Play

Pico Play is a global leader in the planning, design, development and construction of world-class themed attractions and entertainment that deliver extraordinary and memorable experiences to millions…

read more

Attractions / Consultants / Design / Recreation / Tourism

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business