According to The Australian Financial Review, a global start-up generator and venture capital firm is targeting Australian professionals who wish to quit their day job and have a go at launching their own start-up.
Antler launched in London and Amsterdam last week, having earlier set up shop in Singapore. It is backed by a $40 million early-stage venture capital limited partnerships fund and offers fledgling entrepreneurs a $4000 stipend for their first two months in its program to set about starting a new company.
Candidates on the program work towards getting a pre-seed investment and a further $100,000 seed investment, with its local managing partner Bede Moore saying participants could quit their day job to begin the program without a start-up business idea.
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