Several of Australia’s most successful entrepreneurs and investors, including Atlassian co-founder Mike Cannon-Brookes, are expanding startup accelerator Startmate to provide funding and support companies addressing climate change.
Behind the expansion, set to be announced on Monday, are venture capital firms Blackbird, Airtree and Squarepeg alongside Kim Jackson of Skip Capital and the founders of Canva, SafetyCulture and CultureAmp.
The expansion will include backing for up to an additional 10 climate-focused business founders. Successful startups will get up to $75,000 investment alongside dedicated time with investors, a trip to San Francisco to meet investors there and advice from climate experts that the accelerator will bring in.
Startmate chief executive James Tynan said Australia was at the forefront of an existential threat to humanity.