Australia Post invests USD 20 million in ecommerce innovation projects
02.11.2015 283 views
Australia Post will invest USD 20 million in emerging ecommerce businesses through a newly established investment fund and an initial partnership with Melbourne’s Accelerator Program (MAP).
The investment program will see Australia Post co-locate its accelerator at Lab-14 premise at MAP. Australia Post Managing Director & Group CEO Ahmed Fahour says the investment fund and initial partnership with MAP are part of a program to support small business and to accelerate ecommerce innovation across Australia, itwire.com reports.
Fahour said the program will reach all corners of the country, with a particular focus on regional centres, and will leverage Australia Post’s ecommerce capabilities and network reach.
Source: The Paypers