Global recruitment and talent solutions company, Hudson and Australia-based global online jobs and employment group SEEK, are joining the corporate startup accelerator Slingshot to lead Australia’s first human resources startup accelerator.
Human Capital– the first of its kind in Australia– helps corporate leaders reinvent the human capital elements of their businesses by connecting them with the 12 best disruptive HR or tech startups. The 12-week program (set to kick off in March) will seek out and collaborate with innovative and disruptive startups, scale-ups, and entrepreneurs.
Participating companies will receive a cash injection of up to AU$50,000 in exchange for 10 percent equity, which is touted as a larger stake than some other Australian accelerators.
Mark Steyn, chief executive, Asia Pacific, Hudson, says,
Today’s workplace is changing rapidly. The ways in which we find jobs, organizations identify and engage talent, and the significant potential of talent analytics to boost business performance are all evolving at a breakneck pace.
Steyn further adds,
Technology can provide a powerful way to support this change, and Hudson is eager to collaborate with entrepreneurs who are passionate about improving the future of work and driving the next wave of HR-tech innovation. Human Capital creates an opportunity for Hudson to connect today’s leading entrepreneurs with our global resources and extensive business network.
Steyn identified “the significant potential of talent analytics to boost business performance,” adding that the recruitment firm is keen to partner with companies that are “passionate about improving the future of work.”
Andrew Bassat, chief executive, and Co-Founder, SEEK, says the company is excited to be part of Slingshot “and in particular to support the generation of Australian entrepreneurs”. Bassat said,
As a start-up that was born out of disruption, SEEK has since evolved to a global business with AU$5 billion market capitalization. We believe that SEEK has much to offer the next generation of high growth companies. Through this programme, SEEK will look to share its experience, and hopefully find opportunities to help ‘scale up’ new businesses via our relationships with over 700,000 hirers and 150 million candidates.
According to Slingshot, companies that have taken part in its accelerator programs have a combined market capitalization of more than AU$42 million and over 80 percent of the companies are still active or have been acquired.
Slingshot has previously worked with partners such as NRMA, HCF, ING Direct, Beyond Bank, PwC, the University of Newcastle, and the NSW Department of Industry.