The West Tech Fest Investor Network (WTFIN) is a network of angel investors, entrepreneurs and innovators who are committed to the success of WA startups. Startups we invest in get more than an equity investment; they also get support from an amazing network to help you on your journey.
WTFIN may provide equity investment of up to a total aggregate amount of $100,000 in up to three West Tech Fest Participants. The investment will be made with a Simple Agreement for Future Equity (SAFE) with a 20% discount rate.
To be eligible the applicant must meet the following criteria:
- Must be incorporated
- Founders must be based in Western Australia
- Must be a participant in a WTF 2021 event as listed on the event calendar
- Total annual expenses of less than $1,000,000 (as per ESIC requirements)
- Total annual revenue of less than $200,000 (as per ESIC requirements)
- Must have an MVP
- Must be novel solution to a clearly defined problem
Judging will be based on an assessment of the applicant’s response to the following criteria:
- Market opportunity
- Management capability
- Business and revenue model
- Route to market
- Benefit to community
- Use of proceeds
- Scalable technology
- Risk resilience
HOW TO APPLY
Applications will be announced in the lead up to West Tech Fest 2022.
FREQUENTLY ASKED QUESTIONS
Who are the judges?
The judges are the investors. They are amongst WA’s most experienced entrepreneurs and investors and are all well-respected contributors to the WA innovation ecosystem.
What’s involved in applying?
All applications are conducted through the F6S platform. If you’ve not used it before then the step you will need to follow are sign-up, create a personal profile, create a profile for your startup, complete the required fields in the application form and upload a pitch deck. The aggregate time to complete these steps is 1-2 hours, if you have all the required information and a deck available.
Is this focused on particular sectors or products, like software (not hardware) or agriculture (not gaming)?
No. It’s completely open. If you meet the criteria as stated, you are eligible, regardless of your sector, product or model.
What information is required?
You can preview the questions here. There are a dozen questions. Keep your responses brief: most answer fields are limited to 300 words, or less.
I have another question. Who do I ask?
You can post questions in the ‘Discussion” section of the F6S platform. We will respond to your questions within 24 hours, and make them visible if the question and answer is relevant to other applicants.