# Boab

> Boab is a Melbourne investment and venture-program company backed by Artesian. It supports AI startups and scaleups through capital, commercial advice and industry connections, and operates SMEC AI, a federally funded adoption program with optional paid implementation services for Australian businesses.

- **Founded:** 2020
- **Headquarters:** Melbourne, Australia
- **Products:** Boab AI Scaleup Program, Cremorne Digital Hub Scaleup Program, Generation AI, SMEC AI Adopt, AI Pathfinder
- **Notable:** First cohort announced in February 2021: PI.EXCHANGE, Remi AI, Strongroom AI, Plaetos and Daitum., An early LaunchVic case study reported more than A$3 million deployed to eight scaleups and over 20 new co-investors within nine months., Victorian Government cited A$365 million in aggregate supported company value in November 2023; this was not Boab’s own valuation.

## Products & services

- **Boab AI Scaleup Program** — Six-month program for market-ready AI companies with customers; advertised A$300,000 entry investment and potential follow-on funding up to A$5 million, with tailored commercial support.
- **Cremorne Digital Hub Scaleup Program** — Boab-delivered six-month commercial growth and market-entry program; inaugural 2024 cohort included CADS, FCC Analytics, LARKI and ZEPIC.
- **Generation AI** — Eight-week Victorian AI pre-accelerator supported by LaunchVic, announced in 2024 and renewed for further cohorts in 2026.
- **SMEC AI Adopt** — Government-funded information line, 45-minute consultation and self-service tools for eligible Australian SMEs.
- **AI Pathfinder** — Free eight-week SMEC AI founder accelerator with workshops, office hours, feedback and investor connections; next listed cohort begins 21 October 2026.
- **AI Audit** — Published A$1,000 paid engagement with at least four focused hours, process mapping and a prioritised implementation roadmap.
- **Medical Document Automation** — Inbox and practice-management integration for specialist practices; 30-day trial, then A$7,000-A$15,000 implementation and a volume-based subscription, or a monthly alternative.

## Achievements

- First cohort announced in February 2021: PI.EXCHANGE, Remi AI, Strongroom AI, Plaetos and Daitum.
- An early LaunchVic case study reported more than A$3 million deployed to eight scaleups and over 20 new co-investors within nine months.
- Victorian Government cited A$365 million in aggregate supported company value in November 2023; this was not Boab’s own valuation.
- Delivered Cremorne Digital Hub’s inaugural four-company scaleup cohort in 2024.
- Selected as one of four AI Adopt grant recipients in May 2024.

## Latest updates

- **—** — Boab reported renewed LaunchVic support for three further Generation AI cohorts and 179 graduates from its first three cohorts.
- **2026-07** — Artesian announced SMEC AI’s free national AI Information Line on 22 July.
- **2026-10** — AI Pathfinder lists applications closing 16 October and cohort five beginning 21 October 2026.

## Links

- Website: https://www.boab.ventures/
- LinkedIn: https://www.linkedin.com/company/boabventures/
- Twitter/X: https://twitter.com/boab_ai

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Profile page: https://yespress.io/boab
Published by YesPress — https://yespress.io
Last updated: 2026-10-08