River City Labs Accelerator appoints new Head of Accelerator

Press Release : 31st January 2018

The wait is over…RCL Accelerator welcomes Head of Accelerator for head up program for next 3 years.

On Friday February 2nd,  RCL Accelerator will welcome their Head Of Accelerator to drive growth of the program for the next 3 years.

Originally from Estonia; Cristo Pajust will head up the the RCL Accelerator for BNE3 (current cohort) and kick off the recruitment process for  BNE4. Cristo will be working with the existing RCL-A team comprising of  EIR Llew Jury, EIR Mick Knapp , Program Coordinator Ellie Healan and the broader River City Labs team.

Cristo brings to the Accelerator an impressive background in building international startups. Pajust has founded/ ran companies and successfully raised venture funding in three continents. His entrepreneurial journey includes moving to Asia and being head-hunted to build up Rocket Internet ventures in APAC, founder of a  business analytics company ResultsOnAir Inc. which focused on helping TV-advisers to make data-driven decisions. Results on Air saved millions of dollars from being invested blindly, with the company gaining early international recognition and attracting interest from global fund 500 Startups.

Cristo launched a digital food ordering platform that grew rapidly, scaled to 50+ countries globally and ended up raising $100+M in investments (under German VC-powerhouse).

“Cristo was selected to join the RCL team and head up the RCL Accelerator for a combination of reasons. He brings with him the international mindset and global experience that we tend to lack here in Brisbane. We are ready to increase our cadence, work with more advanced teams and  increase our level of support for companies post program and Cristo has the background and drive to grow this sector with us. We are lucky to have him as part of the team and to also welcome him to the broader Muru-D family also” Peta Ellis – River City Labs Ceo.

The RCL-Accelerator  is powered by Muru-D  and backed by Telstra Ventures and Seven West Media. The program is currently halfway through BNE3 which is home to 9 teams in the cohort and overall the program has seen 20 companies graduate from the  program since the first cohort in 2015.  Cristo will be joining the current cohort BNE3 ( program completion date Friday 13th April ), in addition he will be spearheading the growth of the accelerator program for the next three years.

“I am excited about taking on this new role,  as it shows that RCL is ready to grow and reach new heights. As an entrepreneur, I’m looking at the accelerator as a business (just a different model) that needs to deliver measurable value and evolves constantly to stay relevant.”

“The Brisbane tech scene is on the rise and deserves a quality program that doesn’t just attract participants but helps to create real, winning startups. Hopefully, RCL Accelerator will become this seal of approval that startups fight for and investors seek as a sign of greatness. I’m bringing a unique mix of high-pressure company building (Rocket Internet) and top-tier accelerator (500 Startups) experience, topped up with global ambition and flair” says Cristo.

 

About RCL Accelerator

The RCL Accelerator invests in and assists high growth technology startups through 6 months of intensive acceleration program based out of River City Labs, in the heart of Brisbane’s Fortitude Valley. We invest in up to 12 companies, each program, and offer a combination of seed capital, world class training, a purpose built workspace and access to our extensive global network of mentors, experts, partners and investors.

About River City Labs

River City Labs fosters the growth of startup companies solving big problems. We provide resources to empower, support and connect entrepreneurs. Central to everything we do is a focus on collaboration and connection.

Since 2012 over 460 entrepreneurs have called RCL home. Through our events program we have welcomed more than 16,000 guests into our community by hosting over 500 events aimed and supporting founders on their entrepreneurship journey.

River City Labs powers a range of programs, events and engagement opportunities, enabling our Corporate partners to innovate differently and embed their teams within the start-up community.

River City Labs is a human-led organisation ensuring founders come first always and every engagement is underpinned by our core values of Give Learn Grow, Take Action and Always Challenge.

 

End of Press Release

Media Contact: Kim Trinh | kim@rivercitylabs.net