FAQ 2019-06-24T11:07:11+10:00

FAQs

Why is the Queensland Government sponsoring the Horizons Accelerator? 2019-07-16T14:25:41+10:00

Now in its third year and sponsored by the Queensland Government, the Horizons Accelerator is designed to develop Queensland based Startups and business who can help create a global hub of innovation in travel and tourism.

Who are Slingshot? 2019-07-16T14:26:59+10:00

Slingshot is Australia’s leading provider of corporate innovation programs. Since 2013, Slingshot have run 21 programs with some of Australia’s leading organisations like HCF, News Corp, Qantas, Lion ClubsNSW and Caltex.

Through a repeatable and scalable engagement model, Slingshot programs combine the scale, resources and insights of Corporates, with the agility and innovation of Startups, Scaleups and intrapreneurs to drive long lasting commercial outcomes.

What makes the Horizons Accelerator different? 2019-07-16T14:29:56+10:00

Horizons gives Queensland based businesses the opportunity to collaborate with the premium partner Slingshot and Amadeus who are proven leaders in Startup accelerators. They offer scale and global reach, along with Slingshot’s deep knowledge of building businesses. We also offer funding support, founder coaching, and access to customer and broader business networks.

What is Horizons looking for? 2019-07-16T14:30:45+10:00

Horizons is looking for Queensland based early stage Startups and businesses with exceptional founders servicing the travel and tourism industry.

Who are the Premium Partners? 2018-06-26T15:21:58+10:00

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

Should I apply for the Horizons Accelerator? 2019-07-16T14:36:12+10:00

Absolutely, this is a unique opportunity to collaborate with Slingshot. Horizons is all about setting you up for success and advancing the Queensland travel and tourism market.

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

Select Startups can receive up to $130,000 of investment and the opportunity to secure next round investment from our Premium Partner, the Slingshot Venture Fund. At the Investment Pitch Night, you will have the opportunity to pitch for your seed funding of $30K.

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? 2019-06-21T16:32:49+10:00

Our Premium and Marketing Partners may 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+10:00

No, you will own all of your IP.

Do I need to be full time on my business? 2019-07-16T14:37:31+10:00

Yes, we prefer to work with founders who are 100% committed to scaling their Startup or business. The accelerator 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? 2019-07-16T14:38:03+10:00

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 accelerator program.

When do applications close? 2019-07-16T14:38:32+10:00

Friday 16 August 2019 11.00pm (AEST). See Key Dates.

When will I be notified if I am shortlisted to pitch? 2019-07-16T14:39:02+10:00

You will be notified within 7 to 10 working days of the application close date which is Friday 16 August 11.00pm AEST 2019.

When will I be pitching if I am shortlisted? 2019-07-16T14:39:58+10:00

Monday 26 August 2019 at the Fishburners coworking space in Brisbane.

When does the program start? 2019-06-21T16:36:40+10:00

Monday 16 September 2019. See Key Dates.

What is the Horizons Accelerator like? 2019-07-16T14:41:10+10:00

Intense but low touch in terms of classroom time. 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  program and engage with the best content mentors to guide, support and challenge you. You will be exposed to partners, sponsors and media, with opportunities to network and pitch at events throughout the program. At the completion of the program, you have the opportunity to secure seed funding of $30K for 10% equity at the Investment Pitch Night on 10 December in Brisbane.

Where is the Horizons accelerator located? 2019-07-16T14:41:45+10:00

The entire program will run in Brisbane, with the venue TBC. Travel and accommodation expenses are at the expense of the founders.

What time commitment is there? 2019-08-07T09:36:33+10:00

The program runs for a 12-weeks.

The program is broken up into 3 x 3 day 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 Entrepreneur in Residence. There are also other key events such as the graduation dinner and Investment Pitch Night you are required to attend. See THE PROGRAM for dates.

How much investment does my Startup or business get? 2019-08-06T12:47:57+10:00

Seed Investment

Following the Investment Pitch Night, Slingshot will select Startups to receive funding. The amount TBC.

Follow on from Slingshot

Unlike other programs, the Horizons program offers the potential for 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.

Are the investment terms flexible? 2019-06-21T16:41:30+10:00

The case would need to be extremely strong as to why the terms should change.

What happens post program? 2019-07-16T14:43:58+10:00

Slingshot will select the best Startups or businesses to receive seed funding of $30K for 10% equity, as well as being provided with further support post program. This includes further developing partnership opportunities and raising capital.

What collaboration opportunities are there with the Premium and Marketing Partners? 2019-07-16T14:44:32+10:00

During the 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+10:00

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? 2019-07-16T14:44:59+10:00

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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