More Analysis on How the Tech Industry Will Beat the Economic Odds

January 22, 2009

The January 15th edition of the Econonomist has a feature on technology firms in the recession, “Here We Go Again”, comparing the state of the tech industry today to that following the dot.com crash earlier this decade. While the tech industry cannot “defy gravity”, it appears it is faring better than it did during the previous downturn. (Read more)

Meanwhile, at this week’s Cleantech Investor Summit in Palm Springs, CA, Greentech Media reports that,

There’s plenty of reason to worry about investment in green technology in the short term –a global economic slowdown, tightening of credit from investors, cash-strapped government budgets and the falling price of oil.

But thinking of these short-term challenges shouldn’t distract investors from the longer-term promise for green technology as the only way to solve the world’s unprecedented energy and resource shortages.

Ira Ehrenpreis, a general partner in Palo Alto, Calif.-based Technology Partners, said…

“Amid the financial meltdown and financial crises, cleantech has evolved. Cleantech isn’t about this year, or next year, it’s about the next 100 years.”

Ehrenpreis adds that currently, “We see huge opportunities in areas like green building, [energy] storage and water…” (Read more)


Inauguration Day

January 20, 2009

I watched the inauguration of Barack Obama as America’s 44th president this morning (9 am, here in California). Like most Australians and others from around the world, I’m welcoming change in and from America. I’m an Australian who has been living and working in the US since 2001. During this time I have been able to experience the good in America, the bad and very often the indifferent. Barack Obama is different. He is inspiring. And he spoke to the world today with a straightforwardness America sometimes lacks. In particular, here is what he said about the economy — and how, quite frankly, America needs an overhaul to keep pace with the rest of the world. This is good news.

“Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.

For everywhere we look, there is work to be done. The state of the economy calls for action, bold and swift, and we will act — not only to create new jobs, but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place, and wield technology’s wonders to raise health care’s quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age. All this we can do. And all this we will do.”


Queensland’s ImpediMed Wins G’Day USA Innovation Shoot Out

January 15, 2009

ImpediMed, the Queensland entrant in the G’Day USA Innovation Shoot Out, took the “Best in Show” award at today’s Silicon Valley event. Six finalists, one from each state, gave 5-minute pitches and submitted to a Q&A from a 3-judge panel of Valley investors. Dean Takahashi, head writer for Venture Beat, moderated the event and made deadline, too.

Read Dean’s report for Venture Beat here.

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ImpediMed’s Greg Brown, CEO with the Hon. Peter Beattie, Queensland Trade Commissioner for the Americas. (Photo credit: KazzaDrask Media)

ImpediMed is an innovative medical device company with a product that can test whether breast cancer survivors are developing a condition known as lymphedema. Among the many prizes and accolades ImpediMed receives to help them continue to faciliate US market entry is a slot in ANZA’s 2009 Gateway to the US program.

Read press release here.


New Procedures for Australians Traveling to the US

January 8, 2009

As of Monday, January 12, Australians traveling to the US are required to obtain approval through the Electronic System for Travel Authorisation (ESTA).

This is an online system administered by the US government which determines the preliminary eligibility of visitors to travel under the visa waiver program prior to boarding a carrier to the United States.

Most travelers can expect to receive authorization within a few minutes. However, travelers are advised to complete an ESTA as soon as they begin to plan their travel, and at least 3 days in advance, to avoid any last-minute delays.

Travelers who do not have a valid ESTA on or after January 12, 2009 may be denied boarding, experience delayed processing or be denied admission at a United States port of entry. Once granted, electronic pre-clearance will be valid for up to two years and for multiple-entry visits to the United States.

It is recommended that travelers keep a print-out or record of their ESTA application number for reference, if required, at airports or seaports.

Australian passport-holders who hold a valid visa for travel to the United States (i.e., work or student visas) are not required to obtain an ESTA.

For complete details, click here.


Join ANZA, SDForum and Advance for Australian Innovation: A Shoot Out

January 6, 2009

G’Day USA’s Australia Week 2009 brings its Australian Innovation Day Shoot Out to Silicon Valley for the first time, January 15, 2009.

Six Aussie state finalists go head-to-head delivering 5-minute pitches to a 3-judge expert panel, moderated by Dean Takahashi from Venture Beat. One company will be named Best in Show, with a product and pitch deemed most ready for the challenging US tech market. Numerous prizes accompany this award, including a slot in the 2009 ANZA Gateway to the US program.

To attend the Shoot Out, which will be held at the Quadrus Conference Center in Menlo Park, please contact Louis Matthews at Advance at this link to request a seat (these are limited and may run out quickly). Following the Shoot Out, there is an Investor Lunch, with limited seating available. Request information for the luncheon by sending an email to: investorlunch@advance.org.


Follow ANZATechNet on Twitter

January 5, 2009

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“In Silicon Valley, Venture Capitalists Turn Cautious and Focus on the Short Term”

January 5, 2009

The New York Times weighs in on the climate in the Valley, with 5 VC predictions for what to expect in 2009. These include:

  • The Web 2.0 heyday is over
  • Enterprise is back
  • The Year of the Mobile?
  • Clean tech gets realistic
  • Personalized health care — the one sector of the economy that technology has not yet transformed

ANZA member Jeremy Liew of Lightspeed Venture Partners is quoted in the Wed 2.0 section. Read more.