Startup Weekend Melbourne fires up

Summary:Startup Weekend Melbourne kicks off tonight at the newly opened York Butter Factory, and has $20,000 in prizes up for grabs for budding entrepreneurs.

Startup Weekend Melbourne kicks off tonight at the newly opened York Butter Factory, and has $20,000 in prizes up for grabs for budding entrepreneurs.

The number of attendees is expected to grow to 130 from the 80 who were present at the inaugural event in May this year, when Native Tongue was recognised as the best idea, with the prototype to be built from scratch over the weekend.

There are a number of prizes, including $5000 for first place and the chance to win a $15,000, three-month-long development program in Singapore for second place, which is being provided by a number of sponsors, including Optus, JFDI Asia, SingTel Innov8 and HTC.

Organiser Tyson Lundbech said that changes have been made in response to some key learnings, particularly around mentoring and organisation.

"We were able to leverage success of previous events to attain corporate support from Optus backing entrepreneurs, as well as attracting international incubators to help drive projects into real accountable businesses," Lundbech said. "Having an idea, to product, to incubation and investment from one weekend is kind of incredible."

This year's event also benefits from a close association with start-up incubator York Butter Factory, which is backed by early stage venture capital firm Adventure Capital, managed by Stuart Richardson and Darcy Naunton.

"Stu and Darcy totally understand what we are trying to do, and support us all the way. They are awesome. It also gives vision to entrepreneur participants, as previous attendees are now full-time start-ups in there," he said.

"Being close to the real community always has its pay-offs, as well."

Lundbech said that the event will create global opportunities for budding entrepreneurs.

Topics: Start-Ups, Tech Industry

About

Mahesh Sharma earned his pen licence in his homeland, where he covered the technology industry for ZDNet, SMH, Sky Business News, and The Australian--first as an FTE, and later as a freelancer. The latter fueled his passion for startups and empowered a unique perspective on entrepreneurs' passion to solve problems using technology. Armed... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.