Caltex Australia Launches Slingshot Accelerator To Spark Innovation Program

Caltex Australia Launches Slingshot Accelerator To Spark Innovation Program

12 February 2018

Caltex is looking for the next gen of disruptive businesses for its Spark Accelerator Program.

Caltex Australia, the nation’s leading transport and fuel supplier, is today launching Caltex Spark, a new innovation initiative that will see them work closely with Startups and entrepreneurs.

Spark, a 12-week Accelerator Program designed in partnership with Australia’s leading corporate accelerator, Slingshot, will enable Caltex Australia to disrupt its own business model and look for ideas to improve convenience, mobility, retail offers and efficiency.

Spark is an opportunity for Startups and entrepreneurs to work with Caltex Australia, a trusted iconic Australian brand.

Caltex Executive General Manager of Convenience Retail Richard Pearson said, “At Caltex our purpose is to make life easier for our millions of customers.

“With Spark we’re looking for ideas that do just that - disrupt and challenge our existing model to take us in new directions and drive accelerated future growth.

“The convenience and fuel market is highly competitive and in today’s digitally connected and on-demand economy, we must work harder than ever to win customers.” 

Through Spark, founders will have access to the scale and experience of Caltex resources, with the reach of over 1,900 retail and convenience locations and over 3 million customers a week as well as the opportunity to work closely with the Convenience Retail and Fuels and Infrastructure businesses within Caltex.

Caltex Executive General Manager of Fuels and Infrastructure Louise Warner said, “Caltex plays a unique role in providing transport fuels and other everyday needs for our broad range of customers across Australia and New Zealand.

“Historically, we have adapted to consumer needs from the development of cleaner more efficient fuel options, unmanned fuel stops in remote locations through to newer initiatives like The Foodary and Fuel Pay. Caltex also plays a key role in servicing small and large businesses across Australia be it in mining, marine, transport or aviation. We do this so effectively through our expertise in managing integrated and complex supply chains, particularly in remote locations

“We are interested in businesses that help us find new ways and connect with our consumer and business customers. We are looking at things like new modes of transport, food on the go and how we can create a frictionless customer experience,” she said.

CEO of Slingshot, Karen Lawson, said Caltex Spark is an opportunity for Caltex Australia to collaborate with the best and brightest Startups, who at the same time can benefit from Caltex’s unique understanding of consumers.

“With the rapid pace of innovation, the possibilities for retailers and fuel suppliers is endless. We’ve already begun to see the impact of ride sharing, autonomous vehicles, drones, easy payments, big data and logistics solutions, but we’ve only really begun to scratch the surface when we consider how these can be harnessed by a business-like Caltex.”

“With the current price of oil, intensifying environmental concerns and the anticipated arrival of driverless cars, the question we need to answer is ‘what does the future of fuel retailers look like’?”, she said.

Caltex Spark is looking to invest in Startups and Scaleups (later stage businesses) with the following themes:

• Mobility – Help us create, find and deliver new solutions for Australians to get from A to B in smarter and safer ways.
• Retail – Help us improve our retailer offering by making it more accessible, with quality food and products and services you might use every day.
• Convenience – Find ways to leverage technology for smarter and more convenient every day customer experiences.
• Efficiency – Help us improve every facet of our operations, from supply chain and finance through to customer service and marketing.
• Amaze us – Tell us what tools, products or services will help us be more innovative. 

Participants will also have the opportunity to access exclusive Spark partner offers from the world’s biggest technology companies valued over AUD$500,000 including AWS, Adobe, Microsoft BizSpark Plus, IBM, SalesForce, HubSpot, SendGrid, MYOB, Xero and more. 

Caltex Australia and Slingshot will kick-off the international search for entrepreneurs on Tuesday 13 February followed by a roadshow, in which potential applicants can learn more about the program and meet the team:

• Melbourne Monday 5 March
• Brisbane Tuesday 6 March
• Sydney Wednesday 7 March
• Auckland Thursday 8 March

Interested parties can apply at: spark.caltex.com.au

For more information and media requests:

Susannah Binsted
Media and Capital Partners
susannah.binsted@mcpartners.com.au
+61 448 895 553 

Amanda Fisher 
Caltex Australia
axfishe@caltex.com.au
+ 61 409 323 137

About Slingshot

Slingshot is Australia’s leading corporate accelerator program, working with clients such as Lion Group, SEEK, Hudson, HCF, ING Direct, the NSW Government, the QLD Government and UTS.

Last year Slingshot also launched a new platform, CoVentured, to connect corporate Australia to a growing community of Startups and Scaleups. Founding corporates on the platform included Westpac, Woolworths, Optus, Australia Post, Energy Australia, Lendlease and Tabcorp.