There's never a dull moment when you're running a business, and the past two weeks have been no exception for Hatchery+ alumni MyInterview and Tekuma.
Last week MyInterview was announced as one of seven scale-ups to be selected for Australia's first human resources tech accelerator.
HRTech is an initiative of Slingshot, one of Australia's leading accelerator programs for connecting startups to corporates. The program will see teams have access to investors, mentors and corporate clients to take their business to the next level.
MyInterview co-founder Guy Abelsohn said applying was a no-brainer.
"When we came across HRTech, which is the first accelerator program specifically supporting HR startups in Australia, we jumped at the opportunity to pitch our story and vision," Abelsohn said.
MyInterview is a video interview platform that allows job candidates to impress with personality, rather than on paper. For employers, it's an alternative to sifting through resumes and makes it easier to pick a candidate who will be the right fit for the company.
Abelsohn and co-founder Benjy Gillman were part of the first cohort of UTS startup accelerator program Hatchery+. Since then the business has gone from strength to strength, with the pair recently returning from Tel Aviv.
"We just completed the Landing Pad Program in Tel-Aviv which has redefined our vision and product development moving forward," said Abelsohn, "We're currently in a major partnering phase with HR vendors who are integrating our range of products."
"We're tremendously energised and excited to be part of this program, due to the wealth of knowledge and industry insight the corporate partners and mentors possess."
Slingshot have joined forces with Hudson, SEEK and UTS to launch HRTech. Anny Havercroft, Slingshot Accelerator Program Lead, says bringing together corporates and startups allows for sharing of ideas and resources.
"Bringing startups and corporates together allows them to tap into corporate resources (e.g. investment, people, customers, data) to validate their business, and corporates are able to leverage startups as a means of crowdsourcing research and development to stay relevant in the marketplace," she said.
Not only are the startups able to tap into corporate resources, they are also able to learn how corporations like SEEK and Hudson became household names.
"SEEK began its journey as a start-up like those we see in the accelerator [and] have been through many of the challenges that these startups will face… so it's great to be able to give back and support other startups in Australia that are trying to solve problems aligned to our purpose," said SEEK Corporate Development Director Ronnie Fink.
Global recruitment company Hudson are looking forward to seeing the participants develop their business ideas throughout the program.
"Having been part of the judging panel on pitch day, I know how passionate all the scale-ups are about improving the future of work and driving the next wave of HR-tech innovation," said Mark Steyn, CEO of Hudson Asia Pacific.
Meanwhile drone control company Tekuma has just returned from the Australian finals of the Microsoft Imagine Cup at Melbourne University.
The Imagine Cup is a student technology competition run by Microsoft, where teams from around the world compete for a $100,000USD cash prize.
Tekuma came second out of six teams in the Australian Finals, winning $500 for themselves and $1000 for UTS. Co-founder Annette McClelland said the experience was invaluable.
"Of course we were disappointed we weren't able to snag the top spot, however we are glad to have participated and know the connections we made through Imagine Cup will lead us to opportunities in the future," McClelland said.
McClelland, along with co-founder Michael Griffin, was part of the second cohort of Hatchery+ in 2016, and second place at Imagine Cup is just another trophy for the trophy cabinet. They have previously taken out best pitch at the Hatchery+ Demo Day and were runners-up at the MBAe Venture Day last year.
Microsoft Australia has been a supporter of the Hatchery and Hatchery+ program for the past 12 months. Seeing one of the Hatchery+ teams compete in Imagine Cup has been an accomplishment, says Microsoft Australia Startup Evangelist, Pat Stanton.
"We were excited to have Tekuma involved in Imagine Cup, it's good to see a success story come out of our involvement in the Hatchery and Hatchery+ program," he said.
"We're looking forward to working with Tekuma as they grow – they have a lot of potential in a number of industries."
McClelland said the next step for Tekuma is to start selling products to the public.
"We're currently continuing to develop our prototypes, as well raising capital. Early next year we will launch a crowdfunding campaign and sell our products to the public."
Hatchery+ has just welcomed its third cohort. Follow their journey here.