BENCHON RAISES $650K TO TACKLE STAFF UNDERUSE; CEO REVEALS HOW THE MILITARY SHAPED HIS STARTUP

B2B Talent mobility platform BenchOn has raised $650,000 in seed capital to meet market demand for its software solution to employee underutilisation, estimated to cost the Australian economy $305 billion each year in lost productivity.

Founded in March 2016 by BlueChilli startup accelerator alumni and former military man Tim Walmsley, BenchOn helps businesses avoid cashflow problems and the loss of valuable employees during downturn periods by matching their idle staff to short-term contracts with other companies. In the past 18 months, the Brisbane-based company has processed over $50million worth of contracts across a variety of industries including defence, IT, construction, mining, engineering, cyber security and logistics.

In conversation with Dynamic Business, Walmsley discussed his plans for the seed funding and the scope of the employee underutilisation problem in Australia. He also revealed how battlefield tactics helped him in business and how BlueChilli has helped him avoid ‘landmines’ and keep his startup dream alive. Read more

James Harkness – Dynamic Business – 23 Apr 2018