Sharechat Logo

Hewlett-Packard gets behind garage start-ups

By Aimee McClinchy

Friday 30th June 2000

Text too small?
Computer company Hewlett-Packard is to invest up to $100 million in local and Australian start-ups in a finance and technology package codenamed Garage.

The initiative is part of a two-month-old global programme worth $480-600 million this year, and will award $72 million to Australasian start-ups as well as part of a $30 million package allocated to a worldwide e-scholarship programme.

Hewlett-Packard, joined by some co-sponsors and the Australian Venture Capital Association, said Garage would provide debt funding assistance to start-ups that would not normally qualify because of their lack of trading history. It would also offer scalable technology platforms and services.

Hewlett-Packard has already funded two Australian companies in a pilot programme. iSelect is an online health insurance broking service and Bob.com.au is a buyer-to-seller e-commerce market which plans to go live in November.

Hewlett-Packard's programme joins a number in place from IBM and Ericsson.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

PEB - Medicare Contractor Novitas Schedules Expert Panel
NZK Enters Into Wellboat Lease Agreement
Fonterra announces Mainland Group leadership change
OCA - Oceania announces Director changes as part of Board refresh
AIA - Analyst and media webcast for FY26 interim results
The Warehouse Group confirms leaner operating structure
SML - Synlait provides half year performance update
RYM - Refreshed strategy and new capital management framework
ENS - Clarification of Gina Tuzcet’s status
BGP - 4th Quarter Sales to 25 January 2026