Australia’s leading fintech hub Stone & Chalk has successfully launched another of its sought-after mentoring programs in Sydney and, for the first time, in Melbourne, to match promising entrepreneurs with high calibre mentors to help them grow their businesses.
In Sydney, 28 startups were accepted for the program and matched to the pool of 50 mentors. The result was 113 initial matches that convened over a speed date between applicants and mentors who offer advice and experience based on their own stellar careers.
The Melbourne hub, which only opened this year, accepted 18 startups and 22 mentors, with 71 matches.
The success of this year’s mentoring program continues Stone & Chalk’s commitment to ensuring the bright minds driving Australia’s technological revolution are given every opportunity to succeed.
“Our flagship mentor program matches our select pool of mentors with founders according to their specific needs,” says Annie Le Cavalier, Stone & Chalk’s Head of Community Programs and acting General Manager (Melbourne).
“Our program is designed to help our startup founders grown their customer base, secure funding, access vita subject expertise and commercialise at scale.
“Our mentors have the experience and maturity of character to facilitate learning and are trusted advisors. Mentors guide mentees through businesses challenges, providing a sounding board and holding founders accountable to their goals.
“Stone & Chalk mentors bring an open, transparent and non-judgmental mindset to the project.”
Stone & Chalk has also partnered with the Royal Bank of Canada, (RBC) Canada’s biggest bank and one of the biggest in the world based on market capitalisation.
The partnership will expand Stone & Chalk’s growing tech ecosystem and support the creation of a global innovation capability to drive emerging industries and economic growth.
Royal Bank of Canada has a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries.
Alexander Peh, Vice-president of Innovation at RBC supported the partnership saying:
“We are thrilled to be joining Stone & Chalk as a corporate partner to expand our global lens on disruptive and innovative technologies.
“Stone & Chalk has a successful record of attracting top technology startups and we are excited to play our part in supporting Australia’s fintech ecosystem.”
Stone & Chalk says the partnership provides opportunities for RBC to explore strategic partnerships with Australian startups and scaleups.
Stone & Chalk CEO Alex Scandurra, CEO, said the partnership further built on Stone & Chalk’s vision of creating a global marketplace for entrepreneurs to succeed.
“Stone & Chalk is more than a co-working space, we champion innovation and create success for our partners and residents,” he said.
“We welcome Royal Bank of Canada to the Stone & Chalk family. As we expand our global footprint, our startups and scaleups will benefit from the commercial opportunities this exciting new partnership brings.”