Wednesday, February 8

River City Labs Accelerator Opens Applications For Its Next Cohort With A Focus on Pre-Series A Scaleups

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River City Labs Accelerator, in partnership with muru-D is opening applications for its next cohort. After three successful cohorts and 20 startups backed already, RCL Accelerator is ready to welcome the next batch of startups to their program.

RCL Accelerator is a quality program that is uniquely designed for startups who are ready to scale their businesses fast. The program provides each startup with $60,000 seed capital along with six months membership at RCL, business development support and introductions to global mentors, customers and investors.

BNE3 saw 145 startups from eight countries around the world apply, where after an intense interview and two-day bootcamp process only 10 teams were selected for the program.​​For this upcoming cohort, the accelerator is shifting its focus from early-stage startups to later-stage and pre-series A scaleups.

RCL Accelerator is looking for founders who have a strong work ethic and the ambition to grow fast, and those who don’t take ‘no’ easily. The program assists founders to connect to global markets that are valuable to their startups. The new head of Accelerator and serial entrepreneur, ​Cristo Pajust​ is ready to take ambitious Australian startups to the world stage.

“​We help teams tackle the hurdles, initiate a long-term relationship with suitable corporate partners and relevant investors in Australia and worldwide. It’s suited to entrepreneurs who are ready to take their company seriously and want to grow in a fast paced environment. This is the program for the ones who have already achieved something good and want to become exceptionally great quicker than anybody else.” said Pajust.

The program proudly focuses on its local hands-on support from world-class serial entrepreneurs. RCL Accelerator concentrates on immediately matching startups with the right financing partner/investor, and directly connecting them to relevant corporations, venture funds and foreign sales markets.

“Instead of theory, we concentrate on execution and hands-on expansion help with local support from experienced entrepreneurs who’ve done it in target markets before. The difference compared to any other local programs comes from actionable (not theoretical) support from serial entrepreneurs. ”,said Pajust.

Head of muru-D Julie Trell said that the RCL Accelerator program is going from strength to strength.

“It’s been great to see the growth of the RCL Accelerator year on year as they continue to attract great founders to the program. It’s fantastic to see the enthusiasm and support from the Brisbane startup ecosystem and I look forward to finding out who will be joining the fourth cohort.”

The River City Labs Accelerator applications are currently open (you can apply here) and will close on 30 April. Startups in the current cohort, BNE3, will hold their end-of-program demo day alongside RiverPitch in a brand new event titled Startup Invest. The event will be held during Myriad Festival, Brisbane’s biggest annual startup festival on 17 May 2018.


About Author

Paul Towers is a passionate supporter of the Australian startup ecosystem and the Founder of Startup Soda. Originally, Startup Soda was solely a newsletter that helped curate the best content from the Australian startup community, more recently however it has turned into a media platform with the aim of improving coverage of Australian Startups, Founders and VC's.