Photo credit; vagawi on Flickr

One Australian digital startup will be selected to receive $5 million in funding, thanks to The Big Pitch, a competition run by Melbourne venture capital fund Oxygen Ventures.

In addition to funding, Oxygen Ventures is offering mentoring and operational support to the winner. Applications close on June 5.

Five finalists will be selected to pitch in front of an audience and an expert panel that includes Dodo founder Larry Kestelman, Network Ten executive general manager Russel Howcroft and BlueChilli founder Sebastien Eckersley-Maslin.

Oxygen Ventures investment director Ilya Frolov says the Big Pitch judges are looking for digital start-ups at the pre-commercialised or newly launched phase that are globally scalable and offer innovative technology.

“The Big Pitch is a great forum for these start-ups to showcase a game-changing concept,” Frolov says.

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