Data Republic partners with Westpac and Stone & Chalk to launch industry-first data accelerator, FUELD. Read the full press release below or download here
Data Republic partners with Westpac and Stone & Chalk to launch industry-first data accelerator, FUELD
Today, we’re excited to announce the launch of FUELD, an industry-leading data accelerator which will connect early-stage startup teams to a range of powerful data-sets on Data Republic’s data-sharing platform, allowing them to solve customer and business problems across a range of industries, through data innovation.
The brainchild of a powerful cross-ecosystem collaboration between; Australia’s first bank Westpac, Data Republic, Stone & Chalk, AWS and pioneering business mentors Reinventure, The FUELD accelerator has set out to use data to supercharge startup innovation across Australia and the Asia Pacific.
The FUELD accelerator is searching for eight entrepreneurial teams to participate in the inaugural three-month program later this year.Founding teams can apply to join the intensive, three-month program to create new products or materially enhance existing products, and solve a range of real customer problems. The successful startup teams will have access to the full variety of rich data sets available on the Data Republic platform, including access to Westpac’s anonymous, aggregated transactional data.
On the launch of FUELD, Reinventure Co-Founder and Managing Director, Danny Gilligan, said: “This is not a traditional accelerator. It’s unique to have this much infrastructure built and ready to go, offering entrepreneurs the ability to produce amazing data-driven innovation very quickly and cheaply, with access to unique data, and customers with an identified need.”
Data Republic co-founder and CEO, Paul McCarney, said: “Corporates don’t have a monopoly on great ideas, but they do often control the types of data which underpin product innovation. To have a major bank, like Westpac, contribute their data for up-and-coming startups to really innovate on products and customer problems is something totally unique to FUELD.
Unlocking the potential of data is something we’re very passionate about at Data Republic, so I’m pleased our secure data exchange platform is being used to make this accelerator possible.”
ABOUT DATA REPUBLIC Data Republic is a data exchange technology platform where organisations can exchange and collaborate on data projects in a secure environment. Exchanges are conducted through Data Republic, a central governance platform to effectively govern data exchange projects with authorised parties. No customer personal information (PII) is available on the platform and all exchanges are strictly governed on legal and ethical bases and subject to Data Republic’s Legal Participation Agreement. Find out more about Data Republic here: https://www.datarepublic.com