Cashtivity In Top 4 Startups From Batch of 35

Four post-accelerator startups named as most exciting from a batch of 35

Wednesday, 19 March 2014 | By Rose Powell | StartUp Smart

Four startups have been named as the pick of the Australian crop of 35 who completed international accelerator The Founder Institute.

The Founder Institute is the world's largest entrepreneur training and startup launch program, helping aspiring founders across the globe build enduring technology companies. Based in Silicon Valley and with chapters across 40 countries, the Founder Institute has helped launch over 1,310 companies in 5 years.

The Founder Institute is the world's largest entrepreneur training and startup launch program, helping aspiring founders across the globe build enduring technology companies. Based in Silicon Valley and with chapters across 40 countries, the Founder Institute has helped launch over 1,310 companies in 5 years.

The international program is rigorous and requires psychometric testing to enrol. Programs have been run in Sydney and Perth for over a year. The first Melbourne intake will run later this year.

The four companies were chosen as the most outstanding ideas by the US-based core team, including Melbourne-based Cashtivity.

The Cashtivity team has been working on their educational apps for three years.

The app guides students through developing basic business plans, managing and tracking cash and payments and finally transferring those funds into bank accounts. Students have used the app to run a variety of fundraisers such as cake stalls.

They announced a Commercialisation Australia grant in December. Founder and chief executive Marissa Di Pasquale told StartupSmart she was looking forward to launching the app in early 2014.