Sketchbook Ventures, a new business incubator, has been established by the Australian e-commerce group which includes CatchOfTheDay, Scoopon and Grocery Run.
The incubator is looking to build new businesses and work with established businesses that are looking for funding, office space, development resources and business expertise.
Hezi Leibovich, who co-founded CatchOfTheDay in 2006, is reported as saying that Sketchbook Ventures is looking for Australian start-ups in the online space, that funding will be unlimited and as needed, and that the Catch group of companies will take a stake, either minority or majority, in each new business which it incubates.