CUA Sponsored Entrepreneur Program welcomes four new startups
CUA, Australia’s largest credit union, and technology startup hub River City Labs, have welcomed four new startup teams to the CUA Sponsored Entrepreneur Program (SEP).
The teams are based at River City Labs’ new innovation space in Brisbane for 12 weeks, where they will have full-time desk membership to help accelerate their startup ideas. Under the membership, the teams receive support such as structured mentoring, specialist masterclasses and support with publicity and promotion.
CUA has been supporting River City Labs since 2015 and has sponsored 24 teams to date. The collaboration is part of CUA’s innovation strategy and the member-owned organisation’s focus on leveraging external expertise, tapping into innovative new ideas and supporting startups to develop solutions to real-world problems.
The latest cohort are working on developing their respective business ideas which include:
- helping retailers to create better customer experiences by providing them with vision technologies and customised data analysis to personalise their services.
- a payment system which allows travellers to use and pay with their choice of digital currency
- a software platform that empowers corporates and their lawyers to automate high-volume contract negotiations
- providing structure to otherwise causal lending arrangements between parents and millennials for major life purchases
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