FAQ 2018-06-28T11:45:03+00:00

FAQ

Why is the Queensland Government sponsoring the Horizons Accelerator? 2018-06-26T16:26:04+00:00

Now in its second year and sponsored by the Queensland Government, the Horizons Accelerator Program is designed to develop Queensland into a global hub innovation in travel and tourism.

Who are Slingshot? 2018-06-26T15:07:58+00:00

Slingshot is Australia’s leading corporate accelerator with over 150 Startups having completed our program. We work with clients such as Qantas, Caltex, Lion Group, News Corp, HCF, SEEK, Hudson, ING Direct, State and Federal Governments and UTS. The Slingshot methodology is validated and university accredited to help equip the next generation of entrepreneurs.

What makes the Horizons Accelerator different? 2018-06-26T15:13:06+00:00

Horizons gives founders the opportunity to collaborate with the premium partner Amadeus and Slingshot who are proven leaders in Startup accelerators. These partners offer scale and global reach, along with Slingshot’s deep knowledge of building businesses. We also offer funding support and access to guidance and mentorship from industry-leading experts.

What is Horizons looking for? 2018-06-26T15:17:56+00:00

Horizons is looking for Startups (from early to later stage businesses) with exceptional founders aligned to the travel and tourism industry. In particular, businesses that are looking for connections and partnerships that can help scale their business from the Queensland travel and tourism sector. See if you align to the themes here.

Who are the Premium Partners? 2018-06-26T15:21:58+00:00

Amadeus is the Premium Partner sponsoring Horizons. Learn more about Amadeus here.

Should I apply for the Horizons Accelerator? 2018-06-26T15:25:33+00:00

Absolutely, this is a unique opportunity to collaborate with our Premium Partner and Slingshot. Horizons is all about setting you up for success and disrupting the Queensland travel and tourism sector.

Mentors

We provide access to guidance and mentorship from industry leading experts. Their role is to support and challenge your team and you will be matched based on personality, industry and acumen.

Investment

Selected Startups receive up to $130,000 of investment and the opportunity to secure next round investment from our Premium Partner, the Slingshot Venture Fund and our investment network. At Demo Day, you will have the opportunity to pitch to this community.

Champions and Partners

Something often overlooked is acquiring great business relationships for your company early. Teams will gain access to Slingshot’s extensive partner community including software, hosting services and office space, valued at over $500,000.

Branding and Media

Slingshot will provide your company with branding and marketing support with inclusion in Horizons Accelerator media and events.

What access will I have to customer insights and data in the program? 2018-06-26T15:28:58+00:00

The Premium and Marketing Partners can provide relevant business and market data to select accelerator participants to allow them to pilot and test hypotheses. The Horizons partners have been selected to offer unique insights and trends in travel and tourism. See Horizons Partners here.

Will Slingshot own my IP? 2017-07-22T00:02:27+00:00

No, you will own all of your IP.

Do I need to be full time on my business? 2018-06-26T15:32:37+00:00

Yes, we prefer to work with founders who are 100% committed to scaling their Startup. The accelerator program is intense and to reap the rewards, the time commitment is important. You may have part time or external resources that also are helping you build your business.

Can my Startup only have one team member? 2018-06-26T15:34:50+00:00

We don’t encourage single founders but will consider your application if you can demonstrate you have access to the resources you will need to grow your business quickly during the 12-week accelerator program.

When do applications close? 2018-06-26T15:42:07+00:00

Friday 17 August 2018 11.59pm (AEST). See Key Dates.

When will I be notified if I am shortlisted to pitch? 2018-06-26T15:44:42+00:00

You will be notified within 7 to 10 days of the application close date which is Friday 17 August 11.50pm AEST 2018.

When will I be pitching if I am shortlisted? 2018-06-26T15:48:50+00:00

Thursday 6 September in Brisbane and Friday 7 September in Cairns (depending on which cohort you might be eligible for).

When does the program start? 2018-06-26T15:53:30+00:00

Monday 24 September 2018. See Key Dates.

Is my business too young or too large to apply? 2018-06-26T15:59:13+00:00

Horizons is open to all stage businesses from early ideas through to those with customers and teams who have been operating for years.

There are key reasons you might want to apply:

  1. You have a solution to a big problem
  2. You need help to develop an MVP or refine your MVP in 3 months
  3. Your business could benefit from a commercial relationship or partnership with the partners and access to Slingshot’s connections and networks
  4. You have a great product and business and see an application for it within the promoted themes
What is the Horizons Accelerator program like? 2018-06-26T16:03:12+00:00

Intense. 12 weeks is not a long time. You will be part of a cohort of other hard-working Startup founder teams. You will be immersed in the 12-week program and engage with the best content mentors to guide, support and challenge you. You will be exposed to investors, partners, sponsors and media, with opportunities to network and pitch at events throughout the program. At the completion of the 12-week program, select teams will receive additional support to continue to build your business in a further 12-week incubation program. At the end of the program, Startups have the opportunity to secure next round investment from our Premium Partners, the Slingshot Venture Fund and our investment network.

Where is the Horizons accelerator program located? 2018-07-27T13:40:21+00:00

Two cohorts will be selected and two programs will run simultaneously. One at Fishburners, Brisbane, and the other at theSPACE in Cairns to serve the far North Queensland region. Your team will receive desk space for the duration of the 12-week program. There will be times when the cohorts will come together in Brisbane for key events and learnings. Travel and accommodation expenses will be covered for the Cairn’s cohort to join their peers in Brisbane.

What time commitment is there? 2018-06-26T16:13:07+00:00

The program runs for a 12-weeks.

The program is broken up into 3 x4 week chapters. At the beginning of each chapter, the first 4 days are dedicated to coursework style learning, of which you will be required to participate. Outside of this, you will be working on building your business and completing tasks set by the Program Manager and Entrepreneur in Residence. There are also other key events such as Demo Day and the graduation dinner you are required to attend.

How much investment does my Startup get? 2018-06-26T16:16:23+00:00

Seed Investment

Slingshot will provide an initial upfront investment of $30,000 for 10% equity for select Startups.

Follow on from Slingshot

Unlike other programs, the Horizons program offers the potential for a further $100,000 of follow-on funding from the Slingshot Venture Fund. To access this funding, you will need to receive follow-on investment from three or more investors. Importantly, the follow-on funding is at a valuation set by your Startup with no discount.

Follow on from our Premium Partner

Our Premium Partner may look to invest in select businesses after the completion of the Horizons Accelerator.

Are the investment terms flexible? 2018-06-26T16:17:29+00:00

The program is open to flexible investment terms on a case by case basis. The case would need to be extremely strong as to why the terms should change.

What happens post program? 2018-06-26T16:22:51+00:00

Select Startups will be provided with another 12 weeks support post program. This support includes further developing partnership opportunities and potential help with capital raising.

What collaboration opportunities are there with the Premium and Marketing Partners? 2018-06-26T16:20:06+00:00

During the 12-week program and depending on your business model and traction, further opportunities may be explored.

Potential outcomes include:

  • Investment in your business
  • A commercial distribution agreement for your product or service
  • A vendor relationship where the Premium or Marketing Partner may use your product or service
  • Introductions within the partner community
  • Access to pilot and test hypotheses and relevant business and market data
What happens post program? 2017-07-28T15:44:44+00:00

Slingshot will provide qualifying teams with another three months of support post program. This support includes further developing opportunities as well as help with capital raising.

I need more information. Where can I get it? 2017-07-22T20:08:46+00:00

If this site hasn’t already answered all of your questions, please reach out to contact us via the Contact Form.

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