Scholars Enterprise Investment Program
The Scholars Enterprise Investment Program (SEIP) is a $15million investment program to fund next generation, technology focused enterprises led by UWA Fogarty Scholars and Alumni. The Program supports Scholars and their enterprises to grow the next generation of businesses and attract and retain the relevant people and skills required for success.
Established in 2019 by the Fogarty family with the Fogarty Foundation, over time we will partner and co-invest with leading industry and venture capital firms across Australia, which will not only provide capital, but additional expertise to create successful economic enterprises. This will support the Scholars and build their networks, while enhancing WA –wide support for the next generation of enterprises, growing the number of jobs and diversity of businesses across WA and Australia.
our enterprise investments
The first investment from SEIP was made to BibliU which was co-founded by UWA Fogarty Scholar Dave Sherwood, who was also co-founder of social enterprise Teach, Learn, Grow, a Rhodes Scholar and was awarded the 2019 Forbes 30 Under 30 Social Entrepreneur Europe.
BibilU is a digital education platform founded in 2013. It is B2B2C (business to business to customer) providing a library of textbooks and courseware. Students can navigate, annotate, search across textbooks and get access to relevant content. The platform also has analytics services, providing academics and publishers access to data to improve content and learning outcomes.
The company raised over $4m in seed funding in 2018 and launched the $8m Series A round over the second half of 2019. They will be using the money raised to expand their team and operation into the US over 2020 and beyond, a major market and growth opportunity for the company.
BibliU is a great example of a digital, globally focussed company founded by a UWA Fogarty Scholar employing fellow Western Australians in leadership positions which is benefitting their customers, and communities, as well as displaying impressive financial traction and performance.