The Investibles Program seeks talent for small business lending start-up

Participants are being sought for the next round of The Investibles Program, a talent incubator that matches entrepreneurial talent with investment to deliver innovative products to market.

Participants are being sought for the next round of The Investibles Program, a talent incubator that matches entrepreneurial talent with investment to deliver innovative products to market.

Established by successful Australian entrepreneurs Creel Price and Trevor Folsom, The Investibles Program is an 11-week entrepreneur intensive program designed to innovate, influence and inspire creation to enable talented thinkers to turn ideas into opportunity. Under expert guidance, the course participants create a real business from the ground up and share in its success.

The first round of The Investibles Program led to the creation and launch of CoEquity, a start-up that helps business owners increase the saleability of their business to strengthen their exit strategy. This second round of the program will focus on the creation of a small business lending start-up to disrupt the traditional banking sector.

Across Asia, several personal loan start-ups have launched, but as yet relatively few have launched into the massive small business loan market. In Australia alone small business lending has a total market size of $120 billion. Lending to small business by Australian banks has shrunk by around four per cent since 2010, despite total business lending rising by 29 per cent.

The Australian banking sector dominates small business lending for now, but the second round of The Investibles Program will launch a new start-up in the small business lending market that will carve substantial margin from the banks. And in doing so, they will improve the prospects for small businesses needing funds to expand their businesses.

Investible is looking for 12 talented people to join the program. It is full-time, unpaid and participants need to be able to support themselves for its duration. There is no cost to participants, who will leave with real business know-how, equity in a real business, new connections and membership in a fast-growing alumni of Asia Pacific entrepreneurs. The 11-week Investibles Program commences on the May 4, 2015 and interviews will be conducted up until April 25.

My Business encourages readers – particularly those who have experienced first-hand the pain of securing business loans from the major banks – to get involved with The Investibles Program. Interested parties can get further information by This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it." target="_blank">.

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