Helping Creative Ventures Connect With Investors
Vanessa Murillo Vargas | On 28, Jul 2014
The deadline for the Queensland University of Technologyâ€™s annual Creative3 PitchÂ is this August and it could be your chance to propose an innovative creative business idea to invited investors including Australiaâ€™s only dedicated Creative Enterprise Fund.
Now in its 5th year, the Creative3 Pitch, an initiative of River City LabsÂ and QUT Creative Enterprise Australia, has teamed up with key incubator co-working space partners such as iLab, Silicon Lakes and the Innovation Centre Sunshine Coast to address the lack of investment opportunities for businesses in the creative industries.
Australia’s creative industries today contribute $35 billion dollars to our growing economy and employ more people than the mining sector.
However lack of investment in growing creative ventures is leading to an over saturation of startups stuck in their initial stages of launching.
This has prompted the creation of Australia’s first Creative Enterprise Fund which is part of QUT’sÂ Creative3 pitch Forum.
Dedicated to growing the creative industry’s young businesses, the $1.2 million Â fund is an investment in the hope of attracting entries to the Creative3 pitch from the fashion, design, animation, digital media, film and television, music or gaming and software development professions.
In a statement released by QUT Creative Enterprise Australia, CEO Anna Rooke said, â€œthis marks the important next step for CEA as it expands its activities from a creative industries incubator into an investor in commercially viable creative enterprises.â€
Those who choose to enter the Creative3 Pitch have the opportunity to present their business idea to a group of leading world industry professionals.
This year is no exception with guest speakers from creative businesses traveling from around the world to meet and connect with potential business startups.
Speakers such as James Boyce, Creative Founder of Grumpy Sailor, CEO of Shorthand, Ben Fogarty, Venus Communications Founder, Bec Brideson and Simon Moss, the CEO of ImageBrief will be at this years forum scouting for potential investment in young ventures.
See-Out, a visual search technology company, was one of last years five creative ventures that were showcased in theÂ 2013 finals.
They are the first start-up enterprise to receive funding from Australiaâ€™s only investment fund exclusively for creative entrepreneurs.
See-Out was scouted at theÂ Creative3 RiverPitch by syndicate attenders, Scale Angels.
â€œThis investment will enable See-Out to grow its Australian image search tech innovation into a global standard,â€ Ms Rooke said.
See-Out’s CEO Sandra Mau says that startups should pitch at this years event because, “they can make great investor contacts and will get valuable feedback from investors in the audience.”
The Creative3 Pitch encourages applications from startups that have been incorporated for less than 5-years and can demonstrate evidence of growth potential.
To enter into this years Creative3 Pitch you will need to upload a 90-second ‘elevator pitch’ style video that will summarise your business to potential investors on either Youtube or Vimeo and fill in the application for analysis by 5.00pm EAST on the 4th of August 2014.
The only event of its kind in Australia, this full two-day forum will connect dynamic and leading industry professionals with up-and-coming entrepreneurs in a serious of challenging presentations that will offer real-world insight into the mechanics of creativity, enterprise and investment.
With the opportunity to mingle with the industry’s game setters at the various interactive sessions, hands-on workshops, networking events and much more, the lucky few will be inspired to collaborate with individuals to execute their ideas.
Entries close 5.00pm EAST on the 4th of August 2014
Semi-finalists will be announced by the 18th of August 2014
Finalists will be decided by the 27th of August 2014
The final Pitch for the lucky 5 finalists will be done at a syndicate breakfast on the 18th of September 2014.