We’ve just completed our annual Gateway to the US workshops, with Guidewire Group’s CEO Chris Shipley. As a key component of the workshops we rated innovative Australian businesses with global potential on 7 critical dynamics using the Guidewire Group’s G/Score. The G/Score has been used exclusively in the US, Europe and Asia, but this was its first use Down Under. ANZA TechNet is hoping to see many of the companies we scored over the last two weeks in Silicon Valley at the Gateway to the US Summit in November.
Tech23 is a celebration of innovation, bringing together innovative Australian ICT companies with industry leaders, media and 400+ attendees to support ICT growth and discover what innovations are just around the corner!
This second annual event will be held in Sydney, Thursday, 19 August at The Auditorium, 37 Reservoir Street, Surry Hills, NSW. The event will feature 23 of Australia’s hottest companies across multiple tech platforms, including: robotics, mobile, digital, green, software and enterprise technologies.
Companies will present to panels of experts including Roger Allen; Scott Farquhar, co-founder & CEO, Atlassian who just received over $60million from US VC; Martin Hosking, Chairman of Aconex and one of the founders of Looksmart; Ryan Junee who sold his company Omnisio to Google; Deepak Natarajan, Managing Director, Intel Capital and many more.
The event runs from 9-5.30pm and is followed by an Awards Presentation Event – 5.45-7.30pm.
Register here: www.tech23.com.au
ANZA Tech Members can attend for $150 (+gst) for both the Tech23 2010 event and the Awards Presentation Event. Register here.
Last year I took a position with Vast.com in San Francisco. As a passionate supporter of Australian technology and its place on the global stage, I’ve also come to the realization that we can’t begin to conquer the world from Australia. We need to take advantage of the open door policy Silicon Valley affords Australian entrepreneurs. Why? Let’s start with the talent concentration. Two examples to illustrate:
- 1) Language: In Silicon Valley people operate on a different level. It is the technology capital of the world and the people here live and breathe tech – 24/7. They talk about run rates and burn in a way that demonstrates the way they innately know the industry average, like how people know the weather during different times of the year.
2) It’s a magnet: The Valley draws from around the world a certain personality type. The Aussies who come here are no exception. The Bay Area has one of the highest concentrations of university graduates in America, and the world. The people are smart here, they are competitive and they are hungry. Immersing yourself in this culture, simply through osmosis you start evolving your own abilities. Within a short time, you find yourself talking about how to start a business to talking about building a billion dollar business.
A year later, I’m more convinced than ever that the best way we are going to move Australia forward into having its own Silicon Valley-like ecosystem is by having our best brightest people move here for a few years. After a generation, we’ll have the talent concentration we talk about in Australia. And the Americans won’t mind how much we’ve borrowed from them.
We’re excited to be bringing the Guidewire Group’s exclusive startup assessment tool – the G/Score – to Australia for the first time this month as part of ANZA’s Gateway to the US introductory workshops in Australian capital cities, 23 August – 1 September.
Developed by leading global startup advisory firm, Guidewire Group, the G/Score assesses a startup’s progress in seven critical business activities. The G/Score has been used in Europe, Asia and the US – but not Australia. The ANZA workshops mark the G/Score’s debut Down Under, and Guidewire Group CEO Chris Shipley will personally score each workshop participating company. Space in the workshops is limited to just 80 Australian companies ready to explore US business opportunities as part of the ANZA Gateway to the US program.
The G/Score combines the expertise of Shipley and her Guidewire Group team, who have assessed over 20,000 startups worldwide in the last 20 years. Companies deliver a 5-minute presentation, and the G/Score is applied to rate the company on commercial viability, execution, team and business model.
“The G/Score benefits startups because it’s a transparent analysis that focuses on achievement and execution and prescribes a path forward to business performance. Partners and investors trust the unbiased methodology to shorten the upfront analysis and decision-making and accelerate time to engagement. Most importantly, it provides startups with actionable, unbiased feedback about their strengths and opportunities,” said Shipley. (Read more)
The 2010 ANZA Gateway to the US program kicked off with a series of free webinars in July. Each of our three 60-minute webinars addressed specific concerns Australian entrepreneurs have about commercialization options in the US market, based on a recent survey of ANZA TechNet members. More than 600 Australian entrepreneurs and CEOs took part – which speaks volumes to the number of innovators out there getting ready to bring Australian technology to the world.
The webinars addressed the “myths and realities” surrounding establishing a presence in the US market, the “facts and fears” of doing business in the US and the funding options and opportunities available to Aussie businesses looking to expand overseas. The webinars are available to view on-demand at this link (brief registration required).
ANZA TechNet again extends our thanks to our network members who donated their time and expertise to share valuable information and insight on these webinars – David Evans, CEO Starplayit; Susan Hailey, Partner, CTPartners; Dr. Larry Marshall, Managing Director, Southern Cross Venture Partners; Sidney Minassian, Co-Founder and Chief Liaison, Liaise, Inc.; Doron Ben-Meir, CEO, Commercialisation Australia; Max Shapiro, angel investor, Keiretsu Forum; and Jennifer Zanich, General Manager, Xumii Services. It is the contribution of our network members throughout the year and across the platforms of our programs that is the underlying value and core strength of the ANZA Technology Network. It is why we are the leading independent organization connecting the Australian and American innovative tech sectors.
Our membership is free and you can sign up here to join today.
We’ve also got a great early bird discount of 25% off for our Gateway to the US Introductory Workshops in Australia later this month with Guidewire Group’s Chris Shipley. Chris will be bringing her exclusive G/Score assessment tool for startups Down Under for the first and only time in 2010 as part of these workshops. We encourage any entrepreneur or CEO serious about the US market to sign up for the Gateway workshops today. Spaces are limited and already filling up fast.
by Viki Forrest, CEO ANZA Technology Network
First, I’d like to go on record and congratulate two recent Australian technology success stories – Atlassian and its co-founders Mike Cannon-Brookes and Scott Farquhar and Tapulous co-founder Andrew Lacy. For all who have been following Aussie tech news this month, Atlassian’s closing on a $60 million (USD) round of funding from Accel Partners here in Silicon Valley and Tapulous’ multi-million dollar sale to Disney prove yet again that America looks to Australia’s innovative tech sector for fresh ideas that are well executed.
I didn’t join in on the dust up over at the Delimiter blog, when blogger Renai LeMay chose to call out the Atlassian founders for taking American VC, rather than trying to raise such money in Australia. As the CEO of the ANZA Technology Network it’s our business to link the Australian and American tech communities. Since 2002, when ANZA was founded, that link has been one-way – Aussie innovation toward American dollars and customers.
While ANZA strives to accelerate Australian entrepreneurs getting a foothold in the US market, while reducing costs and risks – it is also our goal to see Australian companies succeed here in the US. It’s not about Australian companies coming to America and creating jobs for Americans. It is about Australian companies taking advantage of the welcoming climate for their innovations in Silicon Valley – and ultimately, to see those who are as successful as Mike and Scott and Andrew to “give back” to Aussie innovative technology by working with – and maybe someday investing in – the next generation of entrepreneurs.
I have met with Mike and I have very recently corresponded with Andrew and I can assure you that both men are eager to work with Aussie entrepreneurs. Not to create a “brain drain”, but rather to help get some top-class Aussie innovation to the world stage. From there anything is possible – including more jobs for Australians in R&D and engineering (these positions tend to stay in Australia when a company expands into the US) and reinvestment back into the community (not necessarily as VC, but into the universities, the incubators, the industry organizations).
So – to answer Renai’s blog post question, “How Can Australia Build a Great Technology Sector?”, by which presumably he means one that is its own ecosystem including funding, I have to ask the question “Why does it need to?”
I need to look no further than a webinar ANZA is hosting tomorrow called “Sizing Up the US Market” and the words on my own website. The US market is 15 times the size of Australia’s. Stop. In a webinar we’ve scheduled for next week on funding – we note that less than 1% of companies – worldwide – ever even receive venture capital. Case closed. Australia needs to continue to do what it does best – innovate. The US market demands it.