TechInSA Joe Thorp Chief Executive Innovation & Tech Companies - - PowerPoint PPT Presentation

Joe Thorp Chief Executive

TechInSA

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Innovation & Tech Companies

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

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Innovation activity accounts for

• f economic

growth in the

OECD

50%

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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 are 90% 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, fragmented ecosystems Many fast growing startups, international, connected, founders team Serial entrepreneurs Exit money into new startups, mentoring 20 years Successful entrepreneurs reinvest money, networks and learnings into startups and the ecosystem

Startup City ScaleUp City Exit City

5 years 6-15 years

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1. Large numbers of start-ups 2. Ample supply of entrepreneurs 3. Strong pro entrepreneurship & risk tolerant culture 4. High quality incubators & Accelerators with experienced leadership 5. Investors at all stages 6. Collaboration with large companies 7. Supportive regulatory environment 8. Universities actively exposing students to entrepreneurship as a career path 9. High quality advisors prepared to support

• 10. 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 % GDP Ranks 20th of 28 OECD for Early StageVC US Investment $59b in 4,500 companies Australia $347m in 93 companies

Proportionally 13x lower

Private Capital/ VC

Relative Value in $ Industry Governments Market-Entry R&…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 14

UniSA Australian Centre for Business Growth $7.6M Adelaide GIG CITY Program

First 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

$50M SA Venture Capital Fund

Attract venture capital to co- invest with government in local ventures with high growth potential

Capability Development

$4M Space Innovation Fund

Space Incubator and Accelerator

$2M SA Game Development Fund

Grow South Australia’s digital game development industry

$7.1M Australian Institute of Machine Learning

University of Adelaide

Tonsley Manufacturing Innovation Hub Flinders University

Assistance and Programs

TechInSA High Tech Accelerator

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

Game Plus Hub

Adelaide CBD

Growth Enabler Industry Stimulus

Global leader in renewables driving > $5b investment

High Tech Accelerator

Vision TechInSA is South Australia’s high tech start-up support agency Purpose 1. TechInSA supports the development and scaling up of South Australian high-tech start-ups to commercialise new products and services for global markets 2. TechInSA has a leadership role in developing the South Australian start-up ecosystem Activity 1. Navigate & Connect 2. Advise, coach, mentor 3. Fund 4. Facilities 5. Promote

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23% 5% 5% 7% 7% 7% 19% 2% 2% 5% 16% 2%

Agricultural/Food/Wine/Fishing Communication Creative Construction Environmental Finance Health Manufacturing Mining Other Space Transport

Tech Supported by SAECF

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Investors Entrepreneurial Education R&D & Industry Partners Early Stage Funding Accelerator/Incubator CoWorking Space Events The South Australian Startup Ecosystem

Compiled by for the Startup Community

Support Networks

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 Whisperer

Artificial 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

Myriota

Access high value small data no matter where it is in the world

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Affordable remote machine-to- machine connectivity Highly scalable global service Connectivity solution in remote areas where traditional communications infrastructure is too expensive.

Agricultural Monitoring Asset Tracking

Inovor

Designs 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

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<200hp turbine engines for niche aviation markets

Turbine Aeronautics

JCT

Jackson Care Technologies

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HOSPITALS

AI to predict intervention need by monitoring client movement patterns

AGED CARE

Safe Ag Systems

Interactive desktop and mobile software

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

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Pivot to API Backbone Identity management

Sine

Visitor & Contractor Registration System

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A novel hydration system based

• n medical research into

dehydration at Flinders University

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

Preserve Health

Prep’D a novel sports hydration system

Ailytic

Make Intelligent Decisions about 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 Games

Video 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 Data

Deckhand - 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.

BYGEN Sustainable, transportable, cost effective solution for converting agricultural waste into high value functional materials including both biochar and activated carbon.

Corporates & Start Ups

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Ericsson Garage Challenge

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Amsterdam Austin Berlin Birmingham Chattanooga Lisbon Stockholm Tallinn

• ccur through acceptance or reliance on the information provided in this presentation.