Last night's Q&A on ABC TV was about innovation. Did anyone hear anything
interesting, useful or encouraging from either of the politicians on the
panel?
+1 for the audience (good on you Pete).
+1 for the real innovators on the panel.
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Speaking of Kima Ventures, there are a few videos of their Kima Day 2013 on
DailyMotion.
In particular, I can recommend this one http://dai.ly/x19ar5u with Jeff
Clavier talking about what it takes to interest US investors. Very sobering
stuff.
Malcolm
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Thanks Jeremie for answering our questions and thanks Edwin for your help.
Greatly appreciated.
Malcolm
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1) No lurkers! It is expec
Kima Ventures has an interesting funding model they call Kima15 -
US$150,000 investment for 15% and a 15 day turn-around of funding
applications.
For their Kima15 investments they have a non-negotiable Term Sheet which
can be seen here http://www.kima15.com/
The terms would add significant com
Hi Alan
I put in a submission. I thought their Option 1 sounded good in theory
because there was no requirement to value the shares when they are issued
and the employee might be able to avoid paying tax until the shares are
sold.
My concern was that they might define "employee" to exclude cont
Treasury has published a discussion paper on Employee Share Schemes and
Start-ups. It's mostly about the tax burden on employees when issued with
shares in lieu of pay.
It's well worth a read and if you want to make a submission the deadline is
30th August 2013.
It's here
http://www.treasury.
If you've got a startup and would be prepared to move to London for an
investment of 1 million pounds then submit an application here
http://millionpoundstartup.com/
If you are just curious then register on the Million Pound Startup site and
have a look around. Vote up the Aussie startups if yo
Thanks Ben and Richard
Good to get some insights from you guys. Greatly appreciated.
Malcolm
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Now that we are 5 months past the end of the first FY with the new R&D Tax
Incentive scheme in place, has anyone had any success or failure in
applying for the 45% R&D offset?
In particular, how careful do you think you need to be in describing your
R&D activities using the terminology ("core R
If you have cleantech idea/business/startup you should consider putting in
an application for GE's Ecomagination competition:
http://challenge.ecomagination.com/anz
There's $100k each for 5 winners and all entrants are eligible for a $10
million investment fund.
Submissions must be in by 5pm AES
If you have a clean/green tech startup you should consider putting in an
entry in GE's Ecomagination competition. There's $100k each for 5 winners
and also a $10 million investment fund:
http://challenge.ecomagination.com/anz
Entries must be submitted by 5pm AEST on Friday 30th November 2012.
nterest you so don't read them. It's an entirely democratic way of
avoiding being annoyed or having your time wasted and doesn't require any
sort of top-down censorship.
I just thought there should be at least one dissenting voice :)
Malcolm Lambert
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Graham
If you talk to an accountant (recommended) ask about the implications of
the "Market Value Substitution rule". It might cause a problem if you put a
price on the shares now but then want to issue more shares at a later date
but at a lower valuation per share. The ATO might consider the d
I just bought a tux for a black tie business awards event. 100% wool, good
quality tailoring, jacket and pants for $200 from
http://www.eleganza-menswear.com.au/
Their customer service and delivery are good.
Malcolm
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On Mar 13, 12:31 pm, Geoff Langdale wrote:
> But where are the ambitious startups (or growth companies) in Sydney
> that are doing something hard and with a broad reach?
Geoff
Good to get a provocative question.
I'd like to nominate my own startup, Intresto.
Ambitious - developing the first softw
Looks great. Sorry I can't be there.
Hope it goes really well.
Malcolm
On Mar 6, 1:08 pm, SoccerFit wrote:
> StartUp Camp excitement is at fever-pitch down here on the NSW South
> Coast...a mere 6 hours off the beaten track from Old Sydney Town and a
> just under 3 hour jaunt south of Canberra (w
As a startup preparing to release our minimum viable product I'm
interested in e-commerce platforms which can be tested for free for a
limited time or number of transactions then upgraded when real
customers validate the expense of setting up a permanent e-commerce
presence. Chaitanya mention BigCo
Thanks Graham
That's exactly what we are working towards (deploying MPV using Java)
so great to get a link to the InfoQ article and for your own
recommendation.
Malcolm
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Hi Ben
Simplest way is to get your accountant to do the paper-work for you. I
did exactly what you are describing a few years ago and all up it cost
less than $500 (might be more now). Once you've got a company and you
are sole director and shareholder you can bring on more directors,
issue more s
1. Apparently only 2 or 3% of inventions ever make any money for the
inventor (especially if you factor in a $ value to the time the
inventor has put in).
2. Investors like IP protected and patents are one of the strongest
types of protection.
3. If you patent just in Australia then the workings of
An alternative approach is to consider this:
Silicon Beach is a community and one of the strengths of a community
is in its diversity. Probably can't have diversity without some events
occasionally being challenging, annoying or provocative.
If something is challenging, look away. If it's annoyin
Also, have a look at the Citrix Startup Accelerator
http://www.citrix.com/lang/English/lp/lp_2306043.asp
which has a focus in the US but also Assie-friendly. The following
extract is from brisbanetimes.com.au
http://www.brisbanetimes.com.au/technology/enterprise/cashedup-angels-to-rescue-aussie-tec
Free drinks whilst saving the world. Sounds like a good 2-second
pitch. I'll be there.
I'll be in Sydney to pitch to the Sydney Cleantech Network (http://
www.auscleantech.com.au/ACT_Sydney_Cleantech_Network.html) on the
17th. Can I practice my 2-minute pitch on you at the Sports Club?
Malcolm
O
On the Australian Technology Showcase site
http://www.ats.business.gov.au/resources/online-diagnostics is a very
good seminar by Tom McKaskill where he runs through his 14 principles
of high growth. There's also a diagnostic tool. I'm not a fan of
"tools" but I found this worth doing just to see wh
Photosculpt is a good example of a computer vision startup.
http://www.photosculpt.net/ It looks like a smart guy with an idea to
provide one product which might be narrow in scope but could lead to
more diverse and valuable products...like a combination of Photosculpt
and Kinect for a full high-re
A few days ago I received an email from the CEO of a large company
based in the Middle East saying he's interested in investing in my
company. I did the usual 5-minute Google due diligence on his name and
background and he seemed legitimate so I replied. The next email was a
little unusual in that
Nice one Max
Iqaas is a great name and anything to stop 1000 people doing the same
thing to search for the same report is very welcome. I hope you get
lots of contributors as there's a lot of relevant stuff out there but
it's buried or obscured. I'll have a look at my recent research and
send you
Sounds good Richard
Being a club; will they let anyone in? Is there a dress code?
Might have to test the coldness of the beer next time I'm in Sydney.
Malcolm
On Dec 8, 7:46 am, "rgh@gmail.com" wrote:
> Dear SBA,
>
> I would like to propose another drinks / meetup in Sydney.
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Guys, don't be so cruel to poor old Tassie. I lived there for 20 years
and as far affordability and life-style go it's hard to beat. OK, it
might need a fairly large critical mass of cashed-up tech companies to
relocate there to make a viable Silicon Rivulet but if you were a CEO
looking for the be
Thanks David for the info on D&O.
So you've felt the pain. That's goodin a perverse kind of way.
Yes, a SaaS version is possible and maybe even a stand-alone hand-held
version. Still pre-product prototype, but it works, which is good.
Malcolm
On Sep 27, 12:06 pm, David Jones wrote:
> Having
Hi SB's. I'm preparing my company, Intresto (www.intresto.com.au), for
its first outing in front of investors/JV partners and have asked an
experienced business owner friend/advisor to come on board as a non-
executive director. I want to reduce his exposure to any potential
future liabilities the
What I'd like to know is;
How much is raising a child like building a startup?
Might have to ask you again in a few years.
Good luck Richard
Malcolm
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Richard
Your willingness to share the painful truth is greatly appreciated,
especially from those who might be on a similar path but a year or two
behind you. Thank you and good luck.
Malcolm
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Gu
e spending over
$20k doing R&D for something that you are going to sell. If you are an
innovative startup you must be doing something new so there's a good
chance it's R&D.
Malcolm Lambert
On May 7, 9:33 am, David Jones wrote:
> If anyone wants to share experiences but are no
I just received the following email from Tom McKaskill
"Since my retirement from the Richard Pratt Chair in Entrepreneurship
at the Australia Graduate School of Entrepreneurship I have updated
and converted my books to ebooks which I am now distributing free.
I have set up a new website www.drex
Come on Bart, become an Aussie. The test is easier now, you don't have
to remember stuff about Don Bradman.
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3 years ago when starting up I would have been horrified at the
prospect of being acquired by a large corporation but in those 3 years
I've got used to the idea. Organic growth might be too slow even to
get to the stage where a VC would be interested so if a big player
could push the technology we
Hi Anthony
Have a look at the events at startupaustralia
http://www.startup-australia.org/events
It's in the mezzanine bar at the Grace hotel and you have to guess
which group are tech entrepreneurs :)
And there's also a good tech entrepreneur meetup every 2nd Thursday
morning in Sydney CBD htt
You had me worried about the clawback so I checked on the AusIndustry
R&D web site and they say:
"Sections 73C and 73D of the Income Tax Assessment Act 1936 (ITAA
1936) operate to ‘claw back’, or offset, the benefits of the R&D Tax
Concession for companies that have received a Government grant fo
with a 'billion' after it is a lot) when the
details are investigated and the application process is carried out it
turns out that for small companies developing cleantech software there
is very little money. I hope the CleanTech Sydney industry
Hi, my name is Malcolm Lambert. I studied physics at UNSW and the only
subject I failed was Computer Science. 30 years later I'm working full-
time on this project, the success of which is entirely dependent on
computer science.
I worked in atmospheric science for a while then, whilst build
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