Lion has announced the ten start-ups and scale-ups that have been accepted into its accelerator program.
Along with nine other companies, PERKii Probiotics were one of the chosen few out of over 300+ other applicants across both Australia and New Zealand.
They are also the only product based business to have been accepted into the program.
The program, titled ‘Unleashed’ is a 12 week accelerator program that sees participants in close collaboration with Lion.
The program is ideal for businesses looking to gain an edge and get ahead of the game amongst the global food and beverage industry.
Lion CEO Stuart Irvine said the diverse cohort addressed some of the key issues and opportunities within the food and beverage industry.
“We are incredibly excited by the breadth of businesses taking part in our first Unleashed program and by the cohort’s depth of talent,” he said.
“Great ideas can come from the edge and we want to work with people and businesses that can bring these to life and get results. We are looking forward to using our size, scale and resources as well as Lion’s extensive network to help them to be successful.”
The program was put together in partnership with Slingshot, a leading corporate accelerator, connecting entrepreneurs with Unleashed mentors.
A press release from Lion summed up what each company receives as part of being accepted into the program: “Start-up participants will exchange equity for up to $50,000 from the Slingshot Investment Fund and receive additional benefits such as access to software and co-working space, valued at over $500,000 from the likes of AWS, IBM, Xero and WeWork.”