Media release

Innovation-focused partnership with Royal Bank of Canada

Stone & Chalk is delighted to announce our new corporate partnership with the Royal Bank of Canada (RBC).

As Canada’s biggest bank, and one of the largest in the world based on market capitalization, RBC has a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries.

Alexander Peh, Vice President of Innovation at RBC supported the partnership saying: “We are thrilled to be joining Stone & Chalk as a corporate partner to expand our global lens on disruptive and innovative technologies. Stone & Chalk has a successful track record of attracting top technology startups and we are excited to play our part in supporting Australia’s fintech ecosystem.”

RBC is a global financial institution with over 84,000 employees and a purpose-driven, principles-led approach to delivering leading performance.

With these shared values, partnering with RBC enables Stone & Chalk to further expand Australia’s capability to a global marketplace for corporate innovation and build successful entrepreneurial communities. Further, this partnership provides opportunities for RBC to explore strategic partnerships with Australian startups and scaleups.

This marks the first Canadian corporate partnership and builds the foundations of a strong alliance between Australian and Canadian technology ecosystems.

RBC Innovation team

The RBC Innovation team works closely with RBC Capital Partners, RBC’s strategic investment fund; RBC Ventures, a newly formed group focused on moving RBC beyond banking; as well as Borealis AI, a world-class RBC Research Institute dedicated to pursuing fundamental and applied research in machine learning.

Alex Scandurra, CEO, Stone & Chalk said that the partnership further built on Stone & Chalk’s vision to create a global marketplace for entrepreneurs to succeed. ‘Stone & Chalk is more than a co-working space, we champion innovation and create success for our partners and residents. This partnership with RBC expands our growing ecosystem and supports the creation of a global innovation capability and marketplace to drive future industries and economic growth.

We welcome Royal Bank of Canada to the Stone & Chalk family. As we expand our global footprint, our startups and scaleups will benefit from the commercial opportunities this exciting new partnership brings.”

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16 September 2019