Australia is in a lucky position. We have a ‘startup friendly’ government, great living conditions and essentially a pretty good place to do business. BUT we all have over 4 billion people on our doorstep…. across asia. With China being ‘just up the road’.
A couple of weeks ago I looked at China and the fact that some of the stereotypes are being broken, with China fast coming up on Silicon Valley. With the density of population things happen real fast. Innovation is coming through necessity – the mother of invention.
As you can see above…. Chinese companies are making their mark.
BUT… it is not easy to get there and simply start doing business. This has been seen timed time agin over the last decade as western companies have tried to break the Chinese market and the 1 billion + people within.
As always Paul Towers from Startup Soda
Paul’s Startups –
Zoox – The Aussie Aussie startup in stealth mode now valued at $1billion with its first capital raising.
Pumelfit -Pummel is a new mobile app to help fitness enthusists to find the best personal trainers and fitness experts in their area. Find a personal trainer now.
How to take your Startup to China
Melissa Ran from China Amnion talks us through it. She provides some great insights about going to China. If you have dreams of getting to China, listen in ….
Aussies Done Good
Fintech Sail Funding launches with $8 million and an algorithm it says will change how small businesses get loans
The company’s first capital raising, which closed earlier this year, secured $8 million in funding. The startup’s backers include Sydney-based investors Messrs Marc and Gideion Lubotzky, who have joined the Sail board.
Insurance technology startup Cape Analytics is emerging from stealth mode with $14 million in VC money in its back pocket.
Cape Analytics has secured $14 million in a round led by venture firm Formation 8, with Shirish Sathaye, one of its general partners, joining the startup’s board of directors. Other investors contributing to this round include Data Collective, XL Innovate, Lux Capital, Khosla Ventures, Promus Ventures, and Montage Ventures.
This is the first time Cape Analytics has raised external investment. The funding will be used to expand the startup’s engineering and sales teams across the US.
A key component of property insurance is assessing properties. Traditionally, this involved prospects filling out long forms and insurers quoting based on incomplete or outdated information or after conducting on-site property inspections. Due to the nature of this process, there are often discrepancies between what is quoted and what is charged.
A startup based in the central west region of NSW, and Melbourne high-tech printing firm Norwood are the companies partnering with the CSIRO.
The Australian government has just plunged $1.6 million to help realise the dream of miniaturising solar panels into thin plastic sheets.
The Turnbull government on Wednesday announced the investment would be ploughed into CSIRO’s new collaboration with two private companies, in a venture labelled a “world-first”.
“If successful, the two-year project will help to slash the cost of solar [panels] and create an environmentally responsible building material that doesn’t compromise architectural integrity,” industry, innovation and science minister Greg Hunt said.
Printed solar cells are manufactured by applying “solar inks” onto plastic film. The solar panels are then light enough and flexible enough to be integrated easily into windows, roofs and other objects — without the structural burden of heavy traditional panels.