6 December 2021

Seeking Australian investment

Following the recent announcement of $670,000 investment from the Accelerate Commercialisation (AC) grant. ScreenCoach has launched an immediate capital raise. They are looking to raise additional funds in both equity and SAFE notes over the next 3 months.

 

The federal government’s investment is the second in ScreenCoach. Their initial support was for $330,000 in 2020. This second tranche of government funding was driven by the successful Alpha trials conducted in late 2020- as a result of the first tranche of support. They particularly liked the improvements ScreenCoach delivers to the family dynamic and the positive behaviour change in children.

Founders and current investors also love the $1,000,000 support from the federal government. It is not only a strong vote of confidence but comes with no equity or payback. This funding round will see the completion of Early stage Beta trials in the next few months.

ScreenCoach needs more funding as this is a huge project aiming to remain a wholly Australian-owned company; they are seeking further investment.

The company has strategically aligned itself with strong industry B2B partners. Letters of intent have been received, and conversations are progressing with potential distributors and affiliates as well as public/private schools, the law courts (for separated families) and other government departments.

For more details about becoming involved, contact Peter at peter@myscreencoach.com


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screen lock for kids

ScreenCoach secures $1 million in government backed funding

screen lock for kids

 

The latest AUD $671,500 earned from a second round of funding sees federal government support of ScreenCoach tip AUD $1 million, which will go towards rapid commercialisation of the game-changing app for families.

 

ScreenCoach, a Australian startup that helps families manage their childrens’ device screen time, has raised AUD $671,500 through the Australian Government’s ‘Accelerating Commercialisation’ grant, bringing the startups’ total government support to AUD $1 million.

The new funding, dollar-matched by local and international investment, will be used to drive ScreenCoach towards rapid commercialisation and scale, with a private Beta launch kicking off in July and an anticipated nationwide app store launch in December.

The ScreenCoach app’s simple, gamified reward system sees children and teens earn their screen time on devices once they complete pre-set activities such as homework, housework and hobbies.

By letting children self-manage their own tasks, the app alleviates a common challenge in modern parenting: getting kids’ eyes unglued from screens and focussed on other activities without having to constantly ask. Childrens’ time spent on devices has become a pressing health concern of national and global importance, with related health concerns ranging from increasing obesity from sedentary lifestyles, increased mental illness directly linked with technology overuse and a startling emergence of ‘digital dementia’ in children.

For parents and Co-Founders, Chief Executive Officer Stephanie Kakris, Head of Technology Peter Kakris and Business Development Manager Gary Borham, the recent government funding supports ScreenCoach’s extensive market research along with the passion for restoring harmony in families whose relationships are strained because of the constant battles around screen time.

“With personal experience of the challenges of managing our own kids’ screen time, we wanted to create a product that the whole family will love, while also setting children up for success as young adults in a device-oriented society”, said Stephanie, who holds a Masters in Psychology and is a published parenting author.

“We’re thrilled with this second round of funding support, which will help us finalise the design of the app and upgrade hardware for cross-device support, so we can get it into the hands of families that need it in Australia and around the world.”

The Accelerating Commercialisation grant, provides SMBs, entrepreneurs and researchers with funding with the aim to strengthen, grow, innovate and commercialise Australian business both nationally and globally.

The highly competitive grant process puts each project through an independent, merit based assessment for the chance to be awarded up to $1 million in matched funding, meaning the business must contribute an equal amount to the project.

Just 530 of the grants have been awarded between the program’s inception in 2014 and 2021, providing $260 million to support companies to commercialise their innovative products.

Beta trials

Families participating in the ScreenCoach beta trials received a free 6-month subscription and hardware (offer closed December 2022).

This program offered a chance to experience ScreenCoach, a combined hardware and software system to help families manage screen time. It allowed setting limits and encouraging alternative activities after screen time expired.


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digital wellbeing

Sandy Bolton gets behind local startups

digital wellbeing

Noosa MP Sandy Bolton speaks about commitment to start-up businesses in the local region.

It’s a global problem.

Parents right across the world face the same challenge to get kids active, to avoid a range of health issues – but also to stop the never-ending arguing and fighting over time spent on computers, games, phones and other screen devices.

There are systems such as activity trackers to control time allowed, but there has never been a system that answers the problem using the language of the kids themselves – until now.

ScreenCoach – is right here in Noosa, and it will hit the global market in 2021.

It’s the brainchild of Gary Borham, who relocated to Noosa from Melbourne 18 months ago, and who is extensively trialling his creation out of the Startup Precinct in Lanyana Way, Noosa Junction.

“My wife said she would only buy an activity tracker if it turned off all the other devices in this house,” Gary said.

“I thought, what a great idea; imagine how much movement a kid does if it equals a certain amount of time. Once the time elapses, devices get blocked and allows kids to get outside and more active.”

Gary said ScreenCoach was like an electronic version of a star system on the fridge door, “but what’s clever is with our system if your kid empties the dishwasher for example, they earn (say) five minutes (of screen time) – but if they empty it without being nagged to do it they might get 10 or 20 minutes”.

He described life for parents as “Groundhog Day which actually wears them down: whose shoes are these; whose turn is it to empty the dishwasher; have you done your piano practice, cleaned your room”.

“We’ve spoken to a family in Noosa; they have to put the gaming console and modem under their mattress. Not their bed – their mattress – when they go to bed,” he said.

“If it’s underneath the bed the kids will come and get it. It’s addiction.”

The system allocates rewards of time on-screen, and teaches kids there is reward and bonuses for co-operating in household chores or taking exercise for example.

“It’s also ‘game-ified’ so as you go up to different levels, you earn more for the same activities. So today’s ‘500 steps’ might earn six minutes, but after a few weeks it could be more.

“This is speaking to kids in their language.”

Gary said he was impressed by Noosa MP Sandy Bolton’s commitment to start-up businesses in the local region.

“I met Sandy at another launch. Talking to her I said start-ups were a fledgling industry here,” he said.

“She said ‘not at all’. And I’ve since found that’s true.

“I’ve done some work with the guys at the Peregian Hub, and we’ve got these guys here. There is a community of people I’ve met here who’ve got companies in Silicon Valley who live right here in Noosa.

“There is this community here – Sandy’s a connector – an open door of support and a step towards meeting the right people.”

There’s plenty of interest in ScreenCoach, Gary said, including a once-sceptical friend and self-made IT genius who retired in his mid-30s, Pete Kakris, who has become a partner; they’ve both sunk $50,000 into the project.

“Some friends, family and fans have put in another $200,000, he said.

“The Federal Government has given us $300,000 in Business Entrepreneurs funding, and that’s now been dollar-matched so we’ve raised another $300,000 – so from a little idea 18 months ago we’ve put together $900,000.”

The devices are being made “round the corner here in Noosa”, and all the support services are locally sourced, Gary said.

Tech giants Sony and Samsung have provided advice and are looking closely at it, he added.

Another round of fundraising is underway ahead of the 2021 launch, with $120,000 already raised and Gary said investors – which now includes the Startup Precinct’s owner – can visit ScreenCoach’s website (www.myscreencoach.com) for more information.

“And parents are invited to take trials – they can (also) get details from the website,” he said.


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