At the recent Public Sphere #3 organised by Senator Kate Lundy, I gave this presentation to provide a view on what startups go through to turn an innovation into a product and why Australia can be a really hard place to do this.
6. Why not to start up
No co-founder(s)
Financial risk
No sound business idea
Lack of funding
Lack of good programmers
Management requirements
Sales requirements
No fertile market grounds
7. Take out ppl and idea risk
No co-founder(s)
Financial risk
No sound business idea
Lack of funding
Lack of good programmers
Management requirements
Sales requirements
No fertile market grounds
8. Australia: Bad Market
Size of the Australian market
“Invented-here” syndrome
Competitive thinking rather than
collaborative thinking
9. Australia: Bad Location
Lack of access to large ICT
organisations and their research
Risk-aversity in investors and
customers
Lack of appreciation of
investment needs in ICT
14. Ideas: “crossing the chasm”
ICT precinct for start-ups
Infrastructure
Connectivity
Mentoring
Exposure to investors
Exposure to clients
Collaboration
Exposure to Uni talent
15. Ideas: “crossing the chasm”
Market place for biz ideas
CSIRO / NICTA / Unis projects
Entrepreneurs
Investors
Customers (large organisations)
aiming to create an incubator
16. A reminder
Australia developed the fourth
computer in the world (CSIRAC)
1947: project start
1949: CSIR Mark 1
1949-1954: continuous innovation
1954: project close down - not core
competency of Radiophysics Lab