Loconomics Australia is one of 8 Projects going through the incubator.coop Accelerator Program.
The cohort consists of:
|Verge CoHousing||A CoHousing Co-op (Adelaide, SA)||Elle Vallance|
|Valley and Plains Renewable Energy||A renewable energy Co-op (Barossa Valley, SA)||Rachel Brdanovic|
|Rock and Ranges Craft Brewery Co-op||A Co-op micro brewery (Macedon Ranges, VIC)||Luke Spievogal|
|TideWater||A Worker Co-op with an innovation that de-salinates seawater into freshwater using tide and gravity energy only (Adelaide, SA)||Sir Charlie Madden|
|Loconomics Australia||Platform Co-op for booking household and personal services from local suppliers (Melbourne, VIC)||Sam Waterhouse|
|NeedsMap Australia||A platform for connecting charitable needs with donors using a smart-map interface (Melbourne, VIC)||Rohan Clarke|
|Chooks SA||A 2000+ strong online community fighting for gender equality seeking to become a Co-op (Adelaide, SA)||Moira Were|
|Carbon Farming Collective||A platform for trading of ACCU (Carbon offsets) using blockchain settlements (Townsville, QLD)||Daryl Killin|
|Origin Victoria||Type Platform Coop||Stage Mid|
The idea: Loconomics is a platform coop to provide tools for service providers – and a 2-sided market for clients and service providers to find each other.
Noteworthy: Loconomics is an established US platform Co-op and is already providing support to this Australian spin-off.
How many in Project: 5
Strengths: Already in possession of a working US model. They have a business plan. They have technical skills and have already made customisations from the US software for the Australian market.
- Large incumbents
- Limited funding
- Exec team constrained by time and
- Will require marketing efforts to populate the platform
What they need
- Legal consult
- Product development
Sam has been a long-time member of the incubator.coop community. He has show initiative by doing a marketing course through Launch VIC and has been consistently working on customising the IT for Australia.
What is the Accelerator Program?
Beginning on the 4th of February and running for 8-weeks is the first Accelerator Program being run for creating new member-owned organisations.
There are already many incubators for investor-owned companies and even some incubators for social enterprises, but this is the first incubator run to assist the creation of new member-owned businesses.
The incubation process takes an idea – or Project – through 4-stages: Forming, Organising, Funding and Operating.
A project is improved upon at each stage with the direct assistance of the membership of Incubator Co-operative. For example a Project might need a website and they will agree a deferred-payment arrangement with a web designer who is also a member of incubator.coop.
Not all projects will offer deferred-payment arrangements, some will pay directly for work, some will ask for a freebie and some will offer the equivalent type of sweat-for-equity arrangement that a startup might provide.
Incubator.coop provides the ‘ecosystem’ that allows members to assist Projects through the critically important early stages of formation, planning, launching and compliance of member-owned organisations.
Do you want to help the Loconomics Australia Project?
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As a Co-operative Member you get all the benefits of a Social Member plus:
- Vote on the direction of incubator.coop
- Access courses, webinars, web-tools and software
- Exchange with other Members using the security of a Treaty
- Nominate / Become a Mentor
$24 per annum + $1 Member Share