Feeds

Start-ups get tech boost from serial entrepreneur

Locomote seeks new digital upstarts

Internet Security Threat Report 2014

Australian software entrepreneur Philip Weinman has ploughed his expertise and some cash into Deasil Management, a company that invests in start-ups, existing private companies and under-performing, under-valued ASX-listed public companies.

The founder of solutions outfit HiSoft - later acquired by Australian insurance company National Mutual - Weinman has evolved into a serial start-up investor.

Under the auspices of one of his key investments, digital agency Locomote, he has now launched the 2012 Venture Technology Program. The program is soliciting expressions of interest from start-ups.

Successful applicants to Locomote’s 2012 Venture Technology Program will receive technical development for their online or start-up business including online software development, mobile applications, websites, marketing material and mentorship in return for a fair equity stake.

This is the second year of the initiative, the first year resulted in Locomote partnering with three online businesses who collectively average monthly gross revenue of $2 million.

Locomote co-founder, David Fastuca said: "Online businesses and platforms are booming and for many, the idea is a winner but isn’t supported by the necessary technical and development skills to get the idea off the ground. Locomote’s Venture Technology Program removes the high spend associated with hiring technical experts, leaving more funds for marketing efforts.”

Interested parties need to be "passionate and committed" to making their online business work, and have at least three potential customers identified. Online businesses and start-ups can register their interest here. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.