Wednesday, 11 September 2013

PRESS RELEASE – LEADING USA ACCELERATOR WELCOMES AUSSIE START-UP LEAPIN DIGITAL KEYS

LEAPIN Digital Keys CEO and Co-founder Steve Dunn out the front of Ohio State University's TechColumbus Building - home of the 10xelerator Accelerator Program

Columbus, Ohio, United States 7/9/2013 – Australian security tech innovator, LEAPIN Digital Keys is the first Australian based company to be accepted into the 10X Startup Accelerator Program in Columbus, Ohio, USA.

LEAPIN Digital Keys will be joining eight U.S. based companies and one international team from Jerusalem in an intensive ten-week program starting on September 4th. The US based accelerator has had 27 startups go through the program, collectively raising over $10 million in follow-on funding.

“This time last year, we had just graduated from the ANZ Innovyz Start Accelerator Program in Adelaide, Australia”, says Steve Dunn, CEO and co-founder. “Although the Innovyz program had a strong mentor network, we want to be in a place where we have a lot of opportunities to partner with and or license with some larger companies which we might not have had access to back in Australia”.

LEAPIN Digital Keys is a smartphone-enabled access control system that replaces both keycard systems and the traditional lock and key. Using the LEAPIN Digital Keys app, time-sensitive Digital Keys can be created in seconds and sent to anyone via sms or email. “Our product is perfect for sharing economy companies like Airbnb, or even car sharing companies” says Dunn, “But the thing is, the sharing economy just doesn't exist in Australia, so it makes sense for us to be on the ground in the USA”.

10X is designed for entrepreneurs with disruptive technologies, like Digital Keys, based on lean startup practices and groundbreaking research from Ohio State University. The program takes 10 early-stage companies, provides $20,000 in seed funding, office space and the opportunity to pitch in their showcase day on November 15th.

With access to over 100 mentors including angel investors, industry influencers, successful entrepreneurs, venture capitalists, and thought leaders, LEAPIN hopes to use the program to carry out further development, trials and to raise additional capital.

About the 10xelerator Program:
10X is a mentor-driven accelerator focused on converting promising entrepreneurial ideas into viable businesses and, ultimately, sustainable companies. 10X is central Ohio’s premier accelerator program. Managed by Founders Factory, it is a collaborative effort among Ohio’s New Entrepreneurs (ONE) Fund, TechColumbus, The Ohio State University, Columbus 2020 and other like-minded community organizations committed to leveraging their experience, expertise and influence to grow profitable businesses.
See this year’s 10X class here: http://10xelerator.com/10x-announces-the-teams-for-the-class-of-2013/#more-2450 
For addition information on 10X contact Todd Whittington at Todd@foundersfactory.com or Alex Purtell at Alex@foundersfactory.com or visit www.10xelerator.com

About LEAPIN Digital Keys 
An award winning company based on the Gold Coast, Australia, LEAPIN is a security and mobile applications company. LEAPIN’s hardware and app puts your keys in your phone so you can leap in! LEAPIN Digital Keys is a graduate of the Australian ANZ Innovyz START Accelerator Program, and is a member of the Microsoft BizSpark Program.

For more information about LEAPIN please visit www.digitalkeys.org for a press kit, or contact Steve Dunn CEO/Co-Founder steve@digitalkeys.org +1 614-487-3700

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