What if you could connect your business with tomorrow’s innovators?
With Senate, it’s possible to incubate, productionize and scale partnerships with startups and new technology partners – while remaining in control of licensing terms, data privacy and commercial risk.
Data Accelerator Programs in Action
Westpac, a major Australian bank, identified that they were missing out on opportunities to drive growth through data collaborations with startups and innovators. They partnered with Data Republic to deploy the Senate platform and launch an industry-first data accelerator program named FUELD.
Eight founding teams were invited 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 had access to the full variety of rich data sets available on the Data Republic platform, including access to Westpac’s anonymous, aggregated transactional data.
“Most organisations look to innovate on their data using internal capability. Through this accelerator, we’re taking a different approach. We’re solving customer and industry problems by leveraging the best data scientists in Australia and backing them to build new data businesses which address those real-world problems.”
Co-head of business development at Westpac
What will your team accomplish with
The governance platform for secure data collaboration
Senate makes data innovation simpler and more secure. Our technology handles the governance, data security and licensing workflows, so that you can focus on accelerating outcomes with data, and host data accelerator programs.
How it works
Define your data accelerator program strategy
Identify potential founders or startup teams for your business problem
Launch projects on Senate and agree to licensing terms around data access depending on the proposed pilot solution.
Approve any accelerator team outputs on a case by case basis to validate future business integrations
If applicable, negotiate an ongoing license agreement with the data owner to establish automated data feeds
DISCOVER NEW OPPORTUNITIES
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Enable accurate modelling through data pooling with industry partners.