By Aimee McClinchy
Friday 30th June 2000
|Text too small?|
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.
No comments yet
Govt opts for sweeping review of 'underperforming' RMA
AFT gains Australian registration for intravenous Maxigesic
24th July 2019 Morning Report
Should Fletcher Building persist with Australia?
NZD weaker as greenback gains on news US-China trade talks to recommence
MARKET CLOSE: NZ shares extend gain as Mainfreight, A2 hit new highs
StretchSense directors appoint administrators
NZ dollar falls on news RBNZ is looking at "unconventional" policy
Wrightson capital return gets shareholder approval
Morrison & Co eyes asset sales from first PIP Fund