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Plus Eight - another avenue of opportunity for your startup

Aug 24, 2018

This week at Spacecubed, we unveiled our latest startup accelerator programme aimed to support Australian business ideas and startups, taking them global.

Symbolic of four years of successful leadership, coworking and progress in Perth, the Plus Eight programme - powered by muru-D is the result of two years in the pipeline, and we’re ready to tackle the world and showcase Australian startup and business talent.

A collaboration between its partners; muru-D, Spacecubed, Seven West Media, Hawaiian and Telstra, Plus Eight will provide local ideas with mentorship, funding and global connections to access rapidly growing markets across the Asian Pacific economies and beyond.

As our community is now comprised of all industries, sectors, business-people from all backgrounds; and ranging from large corporates, to local startups, Plus Eight furthers our diversity and allows us to establish new, and elaborate upon existing global connections.

With an expected market size of over 3.2 billions consumers by 2030, Perth’s location and GMT+8 timezone (the kicker for the Plus Eight name), mean that the potential for Plus Eight to deliver sustainable success for Australian startups is monumental. By partnering with large corporates with global reach, and by supporting the startup community in a further and increasingly unique manner, we’re able to generate valid results for Perth.

Thinking global from day one

image credit: Startup WA: 2016 WA Startup Ecosystem Report

Programme details

  • Plus Eight is a Spacecubed run program powered by muru-d which currently operates in Sydney, Brisbane, Singapore and now Perth. Connected globally with The Icehouse (New Zealand) The Junction (Israel), HAX (China), and 500Startups (USA)
  • muru-D brings a history of $1.8M invested in 62 companies with 56 still operational (90%). $16M in capital raised and 310 jobs created by the startups
  • The program is about the support networks, and funding that will allow the companies to grow quick enough to survive globally from Australia
  • The $40k in seed funding will be structured as a convertible note similar to the batches prior to this year at Y-combinator which we've viewed as the gold standard for founder-friendly terms focused on building the startup ecosystem in Australia

Join a community backing startup success

Innovate at Spacecubed and join our community for more exposure to programmes, key business opportunities and networks.

Find out about our membership packages here