Immigration easing for startups

Are you trying to recruit more talent outside Australia for your startup but don’t want to wait 6 months for the visa to be accepted? 

Well, this is your lucky day.

The Department of Home Affairs is introducing  a Global Talent Scheme (GTS). This scheme allows startups to apply for 5 high priority visas per year that are exempt from the skills shortage lists and that will be processed within 17 to 30 days. Those visas will last for 4 years and will lead to the possibility of the visa holder becoming a permanent resident.

 

This Australian first could be very valuable and could definitely solve the lack of talent availability that is said to be the biggest factor of growth limitation within the startup ecosystem.

For more information please visit StartupAus’ newsletter here:

https://mailchi.mp/startupaus/priority_visa_access_for_startups 

#startups  #innovation #immigration

How Startup funding works - Splitting the Pie

100% of Nothing is a lot less than 17% of a Company 

By Anna Vital - from linked in post of David Synge- Smith 

If you are lucky, you, as the  founder will end up with 20pc of your company after the journey from idea to ipo. 

In my experience, the founder would get around 5pc, as their is usually a seed round, a series A, B and C round before an IPO.

What do you think?

Cliff Rosenberg moves on from LinkedIn to Connect Public Companies to Tech Startups

 

Cliff Rosenberg - who has headed up Linked in Australia through its rapid rise over the past 6 years, is moving on to  pursue a career as an advisor, investor and director with public companies to help tech start-ups.

This, in my view, is a big win for the venture capital industry, and I believe that Cliff will do for VC what he did for Linked-in.

Public companies need to and indeed want to Innovate.... but need someone to rely on that they can TRUST. 

LinkedIn's marketing Director and head of enterprise, Matt Tindale will be filling in Cliff's shoes at Linked-In. .

Oliver Grand CEO of LinkedIn APAC has said about Cliff

“Cliff was also instrumental in building and keeping alive an exceptional culture in our Sydney and Melbourne office, one that continues to inspire our employees to live and breathe our mission. His leadership took us to where we are today, and will be foundational as we continue to chart a path towards our vision of creating economic opportunities for every member of the global workforce, including those in Australia and New Zealand. We wish him well for the future."

This is a legacy that I would aspire to leave. Cliff, congrats on an outstanding 6 years at Linked In , and Venture Capital Australia is fortunate to have your focus over the next 6 years!! 

23 amazing Startups present to 400 humans

Tech 23, held in Sydney yesterday, saw 23 startups pitch their ideas to an audience of over 400 people and a panel of industry leaders.

Among the experts on this year’s panel will be Bill Bartee of Blackbird Ventures; partner at NAB Ventures, Melissa Widner; Angela Clark, director of digital at the ABC; and Petra Andren, CEO of ATP Innovations.

Rachel Slattery, director of SlatteryIT, said, “Tech23 is all about encouraging our informal networks, so collaboration can increase between industry, research and development organisations, and startups.”

Over the years the likes of Rebekah Campbell of Posse (now Hey You), Scriptrock (now UpGuard), goCatch, Rome2rio, SmartSparrow, 2Mar Robotics, and GoFar have also pitched at Tech23.

The clear winner was  AgriWebb has created a livestock management solution with full data transparency to capture information and help farmers make smarter farming decisions. This technology is targeting management problems and trading inefficiencies that affect the global $1.4 trillion livestock industry. CEO Justin Webb said this potentially solves a major pain for the farmer.

Agriculture is the largest employer in rural and regional communities and according to a StartupAUS report the sector makes up four percent of Australia’s total employment. 

I have no doubts the team at Jobs NSW will be looking to support companies in this industry with their $193m fund to support business and increase employment! 

Startups that also received awards on the day include:

ResApp Health– Tech23 Innovation Excellence Award

Plutora– Tech23 Greatest Potential Award and B2B Enterprise Award

Cardihab– Austrade Best Startup Award and $2,500 AMP Amplify Award for Best technology Tech23 2016 startup founded by a woman

Hovermap– $5,000 Market Changing Technologies Award

Biteable– $5,000 PayPal Enabling Choice Award

Myriota– $2,500 Audinate Prize 

SPEE3D– $2,000 Advanced Technology Award 

Haventec– Tyro Fintech Award 

agAlytics and Rappsio– Saasu Award

Gruntify– Square Peg Capital Award and MYOB Awards 

Lorica Health– OneVentures Prize 

Black AI– Bigtincan Enterprise Mobility Leadership Award 

GeoInteractive– Berkeley Advisory Best Commercial Success Award

Details of Company's presenting :- 

agAlytics – a Queensland agritech startup developing sensors utilising lab-on-a-chip technology to manage water and soil nutrients.

Agersens – an agritech startup developing a virtual shepherd. This IoT system will connect each animal to the internet and enable farmers to fence, move and monitor their livestock using their smartphone or tablet

AgriWebb – a farm management platform made up of the AgriWebb Notebook, for easy record keeping in the paddock, and the AgriWebb Portal, which enables customers to make decisions that improve productivity and increase profits.

Airwallex – facilitates international money transfers through a combination of local payment collection, foreign exchange and distribution.

Biteable – looks to make it fast and easy for any individual or organisation, regardless of video production skills, to create studio-quality videos.

Black.ai – has built an artificial intelligence system, Ani, that can watch and understand human behaviour. She automates the direct observation of people movement and flow through environments, detecting interactions and notable events, reporting on them in real time.

Cardihab – provides healthcare organisations with the ability to deliver clinician led, remote chronic disease management and prevention programs.

Data Creative – the platform creates data-driven personalised videos in seconds, that deliver relevant, timely and valuable information to any individual who receives them

Gelion – the startup is working with the idea of one day building houses with batteries inherently included as part of their structure, ready to take advantage of rapidly improving, solar energy technology and also to serve as a buffer for the grid

GeoInteractive – a geoscientific company building smart mapping devices to help prevent catastrophic failures in underground infrastructure, with a current focus on critical waste and stormwater assets.

Gruntify – provides enterprise customers with an all-in-one, mobile-to-cloud data management platform in 3 easy steps. 1) Mobile apps for data collection, 2) online data management portal with in-built workflow processes, and 3) data mapping and analytics for streamlined decision-making

HavenTec – helps organisations build trust by maintaining their customers’ privacy in every interaction

Hovermap – does for drones what Google does for driverless cars. Hovermap provides software which makes drones safe and easy to use, and allows them be used for a host of new applications

Lorica Health – a specialist team of data scientists, domain experts, clinicians, analysts and engineers develop industry specific solutions which target fraud, abuse and waste, while also making markets that improve the quality and safety of health care.

Myriota – a satellite communications platform to transmit small amounts of data at a very low cost. Myriota uses tiny low powered transmitters, small amounts of bandwidth, tiny low earth orbit satellites and signal processing software to transmit small amounts of data via satellite.

Ninox Robotics – looks to enhance productivity within various industries, through increasing automation and improving accessibility to information. Ninox Robotics is able to deploy a UAV team anywhere in Australia and provide clients with various spatial imagery products that can assist their enterprise.

Plutora – develops an innovative platform for enterprises to test and release complex applications.

Pointduty – a software development company that focuses on applications that capture and visualise data from social media networks, peer to peer networks, the dark web and other internet sources. It’s tools are used to combat such crimes as violent extremism, child abuse, fraud as well as the standard crimes investigated by police forces.

PredictBGL Diabetes – helps people to better manage their medications. While currently focused on diabetes and insulin dosing, ManageBGL can also help with dosing of warfarin and other drugs such as cholesterol drugs.

Rappsio – an all-in-one cloud platform for digital agencies that makes web application development fast, and secure infrastructure simple. Increase productivity by configuring the core of your web application, code only to solve new and interesting problems.

ResApp Health – is developing digital healthcare solutions to assist doctors and empower patients to diagnose and manage respiratory disease. We are creating easy to use affordable, clinically-validated and regulatory-approved diagnostic tools that only require a smartphone.

Reposit Power – a platform that learns, adapts and predicts a consumer’s energy usage so you’re getting the most from your solar. What’s more, you’ll save on your energy bills which means, on average, you’ll pay off your battery in half the time.

SPEE3D – a high speed and low cost digital manufacturing process that can manufacture equivalent parts to casting processes. This new technology is born out of several industries including 3D printing, patented and owned by SPEE3D.