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Introduction to Australian Startup Ecosystem
@Roh_WorkmanMarch 2014
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Melbourne Accelerator Program
Support for entrepreneurs of all
stages:•Public Forums•Master Class Series•Startup Velocity•Escape Velocity
MAP Startup Accelerator:•$20,000•structured mentoring•co-working space
Info Night - Tuesday 25 March – 6.30pm
Sidney Myer Asia Centre
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Contents
1. What is a startup?
2. What is a startup ecosystem?
3. Life cycle of a startup
4. Types of funding
5. Accelerators
6. Angel networks
7. Venture capitalists
8. Crowd Funding
9. Co-working spaces
10. Government support
11. Not-for-profit support
12. Questions
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What is a startup?
According to Dave McClure, a
'startup' is a company that is
confused about:
•what its product is;
•who its customers are; and
•how to make money.
As soon as it figures out all 3 things,
it ceases being a startup and
becomes a real business.
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What is a startup ecosystem?
• Entrepreneurs• Government• Universities• Investors• Mentors• Service Providers• Large companies
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Startup lifecycle
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Funding – Seed
Characteristics:•Very early stage•Risky•Friends, Fools, Family•Accelerator•Potentially crowd funding
Image courtesy www.enko.co.za
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Accelerators
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Funding - FFF
Phase 1:•Friends•Fools•Family
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Funding - Angel
Characteristics:•HNW Individual•Likely has startup experience
Image courtesy www.treverimarket.com
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Funding – Angel networks
Characteristics:•Collection of angels•Review / evaluate deals together•Decision to invest is made
individually
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Funding – Venture Capital
Capital invested in a project
in which there is a
substantial element of risk,
typically a new or
expanding business.
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Funding – Venture Capital
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Startup lifecycle
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Funding – Crowd Funding
The practice of funding a project or
venture by raising many small
amounts of money from a large
number of people, typically via the
Internet.
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Funding – Equity Crowd Funding
The practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.
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Co-working spaces
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Government Support
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Commercialisation Australia
• Skills & Knowledge – up to $50k;• Experienced Executives to up to
$350k;• Proof of Concept - $50k to $250k;• Early Stage Commercialisation -
$50k to $2m
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R&D Tax Incentive
The two core components are:
•a 45 per cent refundable tax offset
(equivalent to a 150 per cent
deduction) to eligible entities with an
aggregated turnover of less than $20
million per annum
•a non-refundable 40 per cent tax
offset (equivalent to 133 per cent
deduction) to all other eligible
entities.
• Minimum $20k• Basically 150% deduction• Lodge registration application
with AusIndustry by 30 April
2014.
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Business Victoria
• TRIP – ICT ($2.5k to $10k);
• TRIP – Biotechnology & Small
Technology;
• Technology Voucher Program ($10k
to $50k);
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Invest Victoria
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UK Trade & Investment
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Not-for-Profits
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Not-for-Profits
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Questions?