Startup hub Stone & Chalk says it has set a new strategic direction to address the needs of the emerging technology ecosystem at a critical time for the tech industry in Australia.

The not-for-profit will provide commercialisation, mentorship, customer acquisition, capital raising, advocacy, and growth development support to startup founders across the country through a virtualised service offering, in addition to continuing to support resident founders at flagship innovation hubs in Sydney, Melbourne, and Adelaide.

According to  CEO Alex Scandurra that the strategic direction would position the Stone & Chalk as the organisation of choice to serve the needs of the emerging technology sector.

“Emerging technology startups and scaleups need far more than a collaborative workspace. They need to be part of a complex and multi-layered network of founders, mentors, customers, investors and advocates. Until now, there has not been an organisation that provides all of this. From today, this is our purpose. Our expanded service offering will be available both virtually and in-house in our innovation hubs across three states,” Scandurra said.

Described as an Impact Network model, it will benefit corporate partners, providing outside-in innovation from startup founders that will transform organisations, build resilience, and preserve capabilities for the post-COVID recovery.

The re-launch process is the culmination of more than 12 months of stakeholder engagement and consultation with founders, partners, governments, and industry bodies across the emerging technology ecosystem, according to the organisation.

Stone & Chalk was originally founded as a Fintech incubator to provide a location for collaboration to occur between start-ups, financial institutions, technology companies, leading academics and universities, government and regulators.

Its foundation corporate partners included Allens, Amazon, American Express, AMP, ANZ, Capital Markets CRC, CIFR, FINSIA, Finzsoft (NZ), HSBC, IAG, Intel, KPMG, Macquarie Group, Oracle, Suncorp Bank, Veda, Westpac and Woolworths. Stone & Chalk has also received strong support from NSW Trade and Investment through the Financial Services Knowledge Hub which is being led by Committee for Sydney

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