Slingshot will provide an initial upfront investment of $50,000 for 10% equity in your business.
Note: There are no hurdles to accessing this funding, all Startups receive $50,000 on entry into the 12 week program.
Follow On from Slingshot
Unlike other programs, AVRO Accelerator offers the potential for a further $100,000 of follow-on funding from the Slingshot Venture Fund. To access this funding, you will need to receive follow-on investment from three or more investors. Importantly, the follow-on funding is at a valuation set by your Startup with no discount.
Follow On from Qantas
Qantas may look to invest in select businesses after the completion of the program. Any investment by Qantas is at a 25% discount on the price of the shares on offer during a qualifying capital raise.