05Oct

Nab has $50m startup fund

Earlier this year, NAB announced it is establishing NAB Ventures, a $50 million fund to further accelerate the bank’s focus on customer-led innovation.

“We want our NAB team to be among the best global thinkers in the innovation space and give our customers access to the best ideas,” says Executive General Manager NAB Labs, Jon Davey 

National Australia Bank (NAB) has now become a major supporter of Fishburners – Australia’s largest startup space, home to 176 startups – an important step for NAB to learn and partner with organisations to help to deliver innovative solutions for customers. Says Davey 

“We see the digital environment changing significantly, and much of this change is being driven by smaller companies and startups,” Mr Davey said.

“It’s important for NAB to partner with companies that we can learn from, to help us meet evolving business and technology trends.

“Ultimately, this will help us to deliver better services to our customers”

“NAB aims to deliver the best possible experience for their customers, and is taking a refreshing and laudable approach by supporting startups who are developing these better experiences.

“They’ll be welcomed into our team of category leading partners including Google, News Corp, Optus, PwC, Dropbox, Amazon, Xero, Cisco and BigAir.” Says Fishburners Murray Hurps 

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