TechInSA - Home - ICT Consulting | Project Management · 2018-08-17 · 4. Australia’s Innovation is inward looking. Ranked last of 35 OECD on economic complexity: Australian innovation

Joe Thorp Chief Executive

TechInSA

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Innovation & Tech Companies

Innovation is crucial to maintain and improve Australia’s economic position

3

Innovation activity accounts for

of economic growth in the

OECD50%

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Australia’s Innovation is inward looking

Ranked last of 35 OECD on economic complexity:

Australian innovation improves efficiency doesn’t create new products for market

Low proportion of large businesses innovating

Ranked 23 out of 31 with 9% of businesses as new to market innovators.

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Jobs growth – the old vs new economy

Start Ups are90% of net job creation

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77% of job creation in all start ups from 3% of Companies

3%

77%

Startups create jobs

Startup Companies

Job Creation

New vs Old Economy – Tech Companies

United States Year USbn Australia Year USbn

1. Apple 1976 690 1. BHP Billiton 1885 198

2. Google 1998 565 2. Commonwealth Bank 1911 108

3. Microsoft 1975 490 3. Westpac Banking 1817 83

4. Berkshire Hathaway 1955 402 4. ANZ 1835 65

5. Amazon.com 1994 386 5. National Australia Bank 1893 62

6. Facebook 2004 381 6. Telstra 1901 46

7. Exxon Mobil 1870 343 7. CSL 1916 39

8. JPMorgan Chase 1799 310 8. Westfarmers 1914 35

9. Johnson & Johnson 1886 309 9. Woolworths 1924 25

10. Wells Fargo 1852 283 10. Macquarie Group 1970 22

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Stages of Startup ecosystem development in a city

Many Startups, first successes, fragmentedecosystems

Many fast growing startups,international, connected, founders team

Serial entrepreneursExit money into new startups, mentoring

20 years

Successful entrepreneurs reinvest money, networks and learningsinto startups and the ecosystem

StartupCity

ScaleUpCity Exit City

5 years 6-15 years

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1. Large numbers of start-ups2. Ample supply of entrepreneurs3. Strong pro entrepreneurship & risk tolerant culture4. High quality incubators & Accelerators with experienced leadership5. Investors at all stages6. Collaboration with large companies7. Supportive regulatory environment8. Universities actively exposing students to entrepreneurship as a career path9. High quality advisors prepared to support10. Intervention by governments to support gaps

Start Up Eco-Systems

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Scorecard on Venture Capital

Australian Innovation System Report 2016, Office of the Chief Economist, Department of Industry, Innovation and Science

Australian Venture Capital

Ranks 18th of 30 OECD as % GDPRanks 20th of 28 OECD for Early StageVC

US Investment $59b in 4,500 companiesAustralia $347m in 93 companies Proportionally 13x lower

Private Capital/VC

Rela

tive

Val

ue in

$

IndustryGovernments

Market-EntryR&…D

Foundation

Need to secure IP, $, infrastructure, expertise

Turning Research outcomes into Business with economic development potential

Early Stage Capital

• SAECF is a proxy for Pre-seed to Angel• SAGDF is a proxy in one vertical – Games• SAVCF is attracting more VC to Adelaide

Pre-seed

Seed Angel Series A Series B Series C

Product Idea MVP Prototype Scale across markets

Expand market reach/ depth

Scale fast and wide

$ Invested $50K $500K $1M $1-15M $7-10M $1-100’sM

$7.5M Future Industries Accelerator University of SA

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UniSA Australian Centre

for Business Growth

$7.6M Adelaide GIG CITY ProgramFirst Gig City in Australia, Member Global Ignite Program

South Australian Rapid

Commercialisation Initiative (SARCI)

Early Stage Innovation

$10M SA Early Commercialisation Fund

Seed funding, business capability building and

entrepreneur development

$50MSA Venture Capital Fund

Attract venture capital to co-invest with government in local

ventures with high growth potential

Capability Development

$4M Space Innovation FundSpace Incubator and

Accelerator

$2M SA Game Development FundGrow South Australia’s

digital game development industry

$7.1M Australian Institute of Machine

LearningUniversity of Adelaide

TonsleyManufacturing Innovation Hub Flinders University

Assistance and Programs TechInSA

High Tech Accelerator

Largest defence procurement in Nation’s history. $90b

Game PlusHub

Adelaide CBD

Growth Enabler

IndustryStimulus

Global leader in renewables driving > $5b investment

High Tech AcceleratorVisionTechInSA is South Australia’s high tech start-up support agency

Purpose1. TechInSA supports the development and scaling up of South Australian high-tech

start-ups to commercialise new products and services for global markets2. TechInSA has a leadership role in developing the South Australian start-up

ecosystem

Activity1. Navigate & Connect2. Advise, coach, mentor3. Fund4. Facilities5. Promote

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23%

5%

5%

7%

7%7%

19%

2%2%5%

16%

2%

Agricultural/Food/Wine/FishingCommunicationCreativeConstructionEnvironmentalFinanceHealthManufacturingMiningOtherSpaceTransport

Tech Supported by SAECF

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Investors Entrepreneurial Education

R&D & Industry Partners

Early Stage FundingAccelerator/Incubator

CoWorking Space

Events

The South Australian Startup Ecosystem

Compiled by for the Startup Community

FEB 2018

Support NetworksHi-Tech & Connect

SA Deal Flow

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A lack of cash flow is the leading cause of business insolvency in Australia.*

bzPay provides the solution by bringing together suppliers, buyers and financial institutions on a single platform:

• Unlocking cash flow• Unshackling business• Unleashing growth potential

*Australian Small Business and Family Enterprise Ombudsman Payment Times and Practices Inquiry, April 2017

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Life WhispererArtificial Intelligence to better select healthy embryos

Improve outcomes for couples wanting to have children

A Backbone Computing Solution is developing a

permanent ledger technology which provides

more data security, and is more user-friendly and energy efficient than Blockchain.

Silentium Defence provides next-generation situational awareness solutions built upon its game-changing passive radar technology.

Silentium Defence

The Nexus eCare platform provides an electronic bridge between service providers and patients through the delivery and monitoring of personalised care plans for chronic illnesses

MyriotaAccess high value small data no matter where it isin the world

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Affordable remote machine-to-machine connectivityHighly scalable global service

Connectivity solution in remote areas where traditional communications infrastructure is too expensive.

Agricultural Monitoring

Asset Tracking

InovorDesigns and integrates small satellites

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SPACE SYSTEMS

Systems Engineering from needs identification to requirements development, verification and validation.

Nanosatellite hardware manufacture

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Praxis Aeronautics Solar-powered unmanned drones with a flight duration of around 6 hours

Solar cells as a structural element of the drone

Light, robust and inexpensive

Commercially viable for use in agri-business, geo-spatial public safety

28<200hp turbine engines for niche aviation markets

Turbine Aeronautics

JCTJackson Care Technologies

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HOSPITALS

AI to predict intervention need by monitoring client movement patterns

AGED CARE

Safe Ag SystemsInteractive desktop and mobile software

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Farm SafetyGeo-Sensing

Cloud-based, work health and safety management software for compliance with WHS legislation.

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Pivot to API BackboneIdentity management

SineVisitor & ContractorRegistration System

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A novel hydration system based on medical research into dehydration at Flinders University

Primes the body for optimal fluid absorption Patented formulation of special resistant starch

Preserve HealthPrep’D a novel sportshydration system

AilyticMake Intelligent Decisionsabout your manufacturing production future with powerful, smart and easy to use sensors, software and solutions.

Primary targeted for Food & Beverage, Packaging and General Manufacturing Industries.

ODD GamesVideo game development studio which partners with leading mud and dirt motorsport brands to expand their customer base to millions of people globally through developing #1 ranking racing video games across multiple platforms.

Real Time DataDeckhand - electronic log book that can submit statutory catch and effort data automatically.

Designed by fishermen, for fishermen

Ferronova’s disruptive magnetometer (probe) and iron-core nanoparticle (tracer) technology enables more accurate and cost-effective detection of cancers.

BYGENSustainable, transportable, cost effective solution for converting agricultural waste into high value functional materials including both biocharand activated carbon.

Corporates & Start Ups

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Ericsson Garage Challenge

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Amsterdam

Austin

Berlin

Birmingham

Chattanooga

Lisbon

Stockholm

Tallinn

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