x15ventures, a Commonwealth Bank-powered investment vehicle has launched its second Xccelerate pitch event, this time with a focus on helping young Australians get ahead financially.
The virtual pitch event, which will be held on 3-4 November 2020 in partnership with Microsoft, Innovation Bay and KMPG, will once again see start-ups and seasoned entrepreneurs battle it out in front of expert judges to receive $150,000 in funding and ongoing support to grow their business.
x15ventures Managing Director, Toby Norton-Smith, said the theme of the upcoming Xccelerate event reflects the need to help young Australians with their finances at a time when they’re facing unprecedented challenges and uncertainty about the future.
“While this is the case for Australians of all demographics, young Australians mostly work in industries that have been severely affected by the coronavirus pandemic, like hospitality and travel, and are less likely to have a sizeable savings buffer to fall back on.
“This is why we’re encouraging start-ups and entrepreneurs to come forward with businesses that could help tackle this challenge, and help young Australians get ahead.
“We’re looking for innovative digital services that support positive financial habits to address daily money management, offer new ways to live in or own a home sooner; or help casual, freelance and gig workers to thrive.