Law firm Hall & Wilcox has chosen 10 startups for its 2022 Frank Lab accelerator program, from climate to edutech, fintech and even art.
Frank Lab 2022 follows the success of the 2021 female-focused cohort and the 2020 and 2019 programs, which helped accelerate a wide variety of businesses and their solutions. These include an open banking/data exchange platform, rocket engine technologies, inclusive clothing for people with disabilities, eco-friendly menstrual products, new contraceptives and social enterprises.
Frank startup practice Senior employee Jasmine Koh and special counsel James Bullwho leads the annual program, said the startups involved will receive a $5,000 credit to spend on legal services and work with an experienced attorney as their own trusted legal advisor for the duration of the program.
“We look forward to tackling the strange and wonderful challenges that come with working with clients who provide new technology-based solutions,” they said.
Hall & Wilcox will also provide office space nationwide to the startups involved, as well as access to the firm’s Smarter Law technology solutions and introductions from its business contacts, including accountants and investors, through masterclasses, on topics ranging from raising capital to valuing your company .
The startups involved will receive 50 of the 100 points needed to qualify as an Early Stage Innovation Company (ESIC).
Investors in qualifying startups receive significant tax benefits, such as an immediate tax credit or rebate equal to 20% of their investment, capped at $200,000 in each income year, and can access modified capital gains tax treatment for their stock holdings.
The companies of Frank Lab 2022 are:
|AIBULD||AIBUILD develops and applies artificial intelligence (AI), machine learning and virtual reality (VR) tools to provide tailor-made solutions to a range of companies, in sectors such as real estate, education and research and development.|
|Book an artist||Book An Artist is a digital marketplace that connects and streamlines the process of commissioning original artworks. This art-tech tool is currently live in Australia, Singapore and the UK.|
|Circle 8 clean technologies||Circle 8 Clean Technologies is a cost-effective waste management solution that aims to optimize resource use and keep resources within the circular economy to create a more sustainable future.|
|Cybera||Cybera is on a mission to stop money laundering and help protect customers from financial cybercrime. Cybera’s solutions share crime data in real time with financial institutions, fintech and crypto exchanges.|
|DigiSoil||DigiSoil provides geospatial digitization and mapping of soil data across agricultural paddocks and along the production profile. These maps allow precise management and optimization of agricultural production.|
|Adapted education||Edapt Education tailors teaching and learning to the needs and interests of each individual student during each year of primary and secondary school through a data analytics platform and student profile.|
|Fyrrr||Fyrr (pronounced ‘fire’) is an AI-powered platform that empowers people in the workplace to quickly find the answers they need by delivering learning content that is accessible, on-demand and carefully curated.|
|Stripped delivery||Stripped Supply is Australia’s first diabetes drug subscription box, allowing patients to order, schedule and refill life-saving diabetes supplies so they never run out.|
|Ultimate Athlete||Ultimate Athlete’s app, UAre, aims to help users “make sense of exercise”—understand their favorite activities with the help of leading athletes, connect with exercise buddies, and live healthier, happier, longer lives.|
|not covered||Unhedged is an easy-to-use investment app – unlike robotics (no static rebalancing) and unlike hedge funds (no high-frequency trading). The algorithms analyze millions of data points and trade actively every day.|