• +61 2 9492 1000
  • launch@launchgroup.com.au

December 2017

launchgroup.com.au > Blog > 2017 > December
20 Dec

StartupAUS welcomes Michaelia Cash as MInister for Jobs and Innovation, calls for urgent action on key startup policy initiatives

by launch-admin Dec 20, 2017 0 News

MEDIA RELEASE


StartupAUS welcomes Michaelia Cash as MInister for Jobs and Innovation, calls for urgent action on key startup policy initiatives


Australia, 20 December 2017: StartupAUS today welcomed the appointment of Minister Michaelia Cash as Minister for Jobs and Innovation. StartupAUS CEO Alex McCauley welcomed the renewed focus on innovation in the portfolio, and the recognition that innovation and jobs are closely linked. He said with four Innovation Ministers in the less than two years, urgent focus is now required on Australia’s startup policy agenda.


“The pairing of jobs with innovation in Minister Cash’s new portfolio makes a lot of sense. We know that young, innovative, high-growth companies account for almost all the new jobs in the economy, so these issues are inextricably linked. Recognition of that link in the new portfolio is an important step.


“This is a time of critical importance for innovation in Australia. We already have a roadmap established, through the StartupAUS Crossroads Report, to Australia becoming one of the best places in the world to build a high-growth startup. What we need now is rapid action in a number of key policy areas to capitalise on the momentum we have built. This is not only of paramount importance for the sector, it will help secure the economic future of the country,” said Mr McCauley.


“Minister Cash has a strong track record in this area. She’s been actively engaged in the innovation agenda in previous portfolios and is a natural fit here. I expect she’ll approach the new role with energy, vision, and expertise. Those qualities are very welcome at a time when the national innovation conversation needs a kick-start.


“It’s also important that the Government has retained an Assistant Minister for Science, Jobs and Innovation, a role that really has strong potential to engage closely with the startup community. It’s encouraging to see someone like Zed Seselja, who has previous Ministerial experience, take on that role. I’m looking forward to working with him.


:We see 2018 as a really critical year for startups. We need to get back on the front foot with innovation policy, and we’re looking forward to working closely with the new Ministers and their teams to amplify the positive impact of technology-led innovation on Australia’s economy,” continued Mr McCauley.


The announcement follows the recent release of StartupAUS’ annual Crossroads report, which detailed the synergy between startups and job creation. You can download a copy of the 2017 Crossroads Report here: https://startupaus.org/crossroads/


– ENDS – 

Media:

Sarah Bond sarahbond@launchgroup.com.au 02 9492 1003 / 0452 574 244

About StartupAUS

StartupAUS is a not-for-profit entity with a mission to transform Australia through technology entrepreneurship. StartupAUS believes a strong home-grown tech sector is vital to future Australian jobs and wealth. But getting there will require a national imperative to create the right environment, with a supportive culture and more entrepreneurs with the right skills.

For more information visit: www.startupaus.org



11 Dec

Regus opens business hub at Canberra Airport

by launch-admin Dec 11, 2017 0 News

MEDIA RELEASE

Regus opens business hub at Canberra Airport

Regus supports Canberra’s 3.1 million airline passengers with a brand-new airport location

Australia, 5 December 2017: Global workplace provider Regus has landed at Canberra Airport, the second Australian airport to benefit from its range of serviced offices following the success of its debut at Sydney International Airport in April 2016. 

Canberra Airport has joined the ranks of other global business hubs with Regus airport centres, such as New York, Japan, London, Amsterdam and Munich.

The Regus Canberra Gateway Business Centre boasts 900m2 of prime lease space and features a contemporary and fully equipped business lounge, private offices, meeting rooms, and kitchen.

The Centre provides an efficient drop-in workspace dedicated to keeping business professionals productive when they’re on the move, as well as private offices offering companies a state-of-the-art workspace at the airport. The new centre is ideal for meeting clients before or after a flight, where you can book a meeting room by the hour or simply drop in and use the lounge facilities.

Located within Canberra Airport’s award-winning redeveloped terminal precinct – the architecturally designed location features an abundance of natural light and contemporary facilities. Amenities surrounding the centre include an airport hotel, cafés, showers, plenty of parking, public transport and the nearby Brindabella Business Park, which offers childcare facilities, sporting fields, tennis courts and a gymnasium.

Commenting on Regus’ second Australian airport offering, Regus Country Head for Australia and New Zealand, Damien Sheehan, said it would facilitate a more flexible and connected global workforce.

“We’re excited to announce that Regus has launched its second airport offering for the Australian region,” said Mr. Sheehan. “The growth in this space is testament to how Australian businesses are becoming more globalised and connected both interstate and internationally. 

“As the nation’s capital, it makes sense that we expand the Regus terminal-side offering into Canberra – particularly to provide resources to those who fly in and out on the same day and need an efficient, convenient location to fulfil their business needs while on-the-go.

“This is another way that we are helping our customers to maximise their productivity.”   

Global business travel spend growth is expected to rise above six percent in 2018, ending an “era of uncertainty” among corporates regarding spending, with revenue predicted to reach a record $US1.6 trillion in 2020. Canberra is living and breathing this rate of travel with Tourism Research Australia showing close to 3.1 million passengers were at the Airport in the 12 months to 31 July 2017.

Co-working is a worldwide phenomenon, with an estimated 14,000 co-working spaces operating globallyAustralia was one of the earlier adopters of the co-working movement outside of the US, and Regus continues to be one of the leading providers in this space. The need for flexible working options such as co-working spaces, pay-as-you-go offices, virtual offices and drop-in business lounges has seen Regus’ global network continue to expand.

ENDS

For more information contact:

Sarah Bond sarahbond@launchgroup.com.au + 61 2 9492 1041 / + 61 (0) 449 543 181

About Regus

Regus provides an unparalleled global network of workplaces, operating 3,000 locations in over 1,000 towns and cities, across more than 100 countries, serving 2.5 million members.

Through our range of office formats, as well as our growing mobile, virtual office, and workplace recovery businesses, we help people and businesses to work where, when and how they want, with a range of price points.

All members of the Regus community enjoy exceptional work flexibility and have the opportunity to work across every town and city in the network at no extra cost.

Our customers include some of the most successful entrepreneurs, start-ups and multi-billion dollar corporations.

For more information please visit: www.regus.com.au


5 Dec

Global Digital Media Expert Nic Jones to Head Pureprofile

by launch-admin Dec 5, 2017 0 News

Pureprofile

Global Digital Media Expert Nic Jones to Head Pureprofile 

New CEO Appointment paves way for further revenue growth, product innovation and disruption in the media market 

Australia, 6 December 2017Nic Jones, the current chairman of Advertising Week APAC’s advisory council, has this week joined global media, data and insights company Pureprofile as Chief Executive Officer.

Boasting an impressive career spanning over 30 years, Mr Jones’ previous roles include Managing Director of Yahoo! Australia & New Zealand; Managing Director (News Digital Media) at News Corp; Managing Director (Digital) AUNZ, Chief Digital Officer (EMEA) at Starcom MediaVest Group; and most recently as Chief Revenue Officer of music video publisher, Vevo, based in both London and San Francisco. Mr Jones holds a bachelor’s degree in Social Psychology and Sociology and brings a wide and deep range of experience in online and digital media. 
 
The Company’s Executive Chairman, Andrew Edwards said Mr Jones was chosen for his deep knowledge of the digital media landscape and his wealth of experience in monetising digital assets, and is an excellent addition to the senior management of the Company and the Board.

“No one is better placed than Nic to understand the needs of the players within digital media. As Chief Digital Officer at Starcom, he was responsible for the digital media strategy of clients across the EMEA region. As Chief Revenue Officer of Vevo, Nic built the revenue base for the largest music video platform in the world, which attracts over 24 billion views every month, and was also directly responsible for Vevo’s global commercial strategy, launching and leading its service in 13 countries,” said Mr Edwards.

Mr Jones expressed his vision for Pureprofile, which is well-established in Australia and has continued potential for growth in international markets, particularly the US and UK.

“Pureprofile is well placed to disrupt the status quo and take market share within these barely tapped, billion-dollar industries. I look forward to taking the company to truly global heights and establishing it as a globally dominant company with a range of elegant and innovative digital products.”

Mr Jones added that it is an exciting time to be joining Pureprofile: “Its range of innovations across the Data and Insights, Programmatic Media and Performance Marketing business units presents many opportunities to monetise digital assets. In this respect, the Company has positioned itself strongly against its competitors who struggle to deliver satisfactory solutions for clients and stakeholders within the digital media industry.“

Mr Jones will replace current CEO Paul Chan, who founded the company and will continue his role as Chief Innovation Officer. Mr Chan will focus on the Company’s product suite in his new role. It is also expected that in due course, Mr Jones will be appointed to the Board of Directors as Managing Director.

Mr Edwards said the management changes will drive the Company’s growth and international expansion strategies.

“We are delighted to have Paul focused on the Company’s product vision as Chief Innovation Officer. And with Nic at the reins to spread that vision as CEO, it makes for a compelling combination. I look forward to working with, and in, this new team,” said Mr Edwards.

– ENDS –

About Pureprofile (ASX: PPL)
Pureprofile Limited (ASX: PPL) connects brands with empowered consumers across the world by finding, understanding and engaging them through direct-to-consumer technology platforms. The Pureprofile group is now a global leader in data insights, programmatic media, big data, and quantitative research, as well as consumer lead generation through the recently acquired Cohort group. Pureprofile delivers next generation marketing solutions for more than 700 brands, publishers and research groups worldwide.

Media Contacts

Sarah Bond

Launch Group

02 9492 1041 | 0449 543 181

sarahbond@launchgroup.com.au

Lizzie Babarczy

Pureprofile

0437 358 571

lizzie@pureprofile.com


 





4 Dec

StartupAUS Crossroads 2017 Report: Australia’s Startup Economy Gathers Pace, But Policy Adjustments Required to Become Internationally Competitive

by launch-admin Dec 4, 2017 0 News

MEDIA RELEASE


StartupAUS Crossroads 2017 Report: 
Australia’s Startup Economy Gathers Pace, But Policy Adjustments 
Required to Become Internationally Competitive 

2017 Crossroads Report officially launches at StartCon 2017 (5pm Fri, 1 December) 

Australia, 30 November 2017: Australia’s startup community has enjoyed a record-breaking year of achievement, but improved access to global talent is critical to the growth of an internationally competitive local tech sector, according to the fourth annual Crossroads Report, released today by StartupAUS, Australia’s national advocacy group for startups.

Since the first Crossroads report was released in 2014, the industry has moved well beyond the fledgling stage with key 2017 milestones including a record of $1.32 billion raised in Venture Capital, significant State Government investment in innovation precincts, strong growth in the number of accelerators, incubators and coworking spaces, and the attraction of high-profile events and investors.

Releasing the comprehensive review of the nation’s startup ecosystem, StartupAUS CEO and lead author Alex McCauley said a laser-like focus on a number of key areas will ensure Australia continues to build momentum as a top-tier global player.

“Startups are now recognised as leading job creators worldwide and high-growth startups are the primary driver of Australia’s new jobs growth. Startups have the potential to contribute as much as $170 billion to Australia’s economy by 2020.”

However, Mr McCauley said the many successes of the sector in the past 12 months had been put at risk by stagnation or backwards movement in some areas, particularly when it came to visas and the R&D tax incentive.

“Australia has come a long way in a relatively short space of time and we are pleased to see the momentum building.  What we must also recognise is the speed of our global competitors and the intensity with which governments are focusing on supporting startups around the world. It’s clear that by pulling a few big policy levers we could rapidly shift Australia’s startup economy to the next level of maturity and potential – making it one of the best places in the world to build a tech startup. But if we don’t act now, particularly on visas, we risk getting left behind.

“Talent is the single biggest challenge facing Australian startups, and there is currently no mechanism for these fast-growing tech companies to attract overseas workers to fill a range of high-demand digital roles, particularly in product development and management. At a time when Australian startups are crying out for talent and top-tier tech workers are considering roles outside the US, this gap requires immediate attention,” said Mr McCauley.

The report’s foreword, contributed by Atlassian co-founder and Co-CEO Scott Farquhar, also highlights visas as an area for urgent reform. Mr Farquhar notes “there is a global gold rush at the moment that is generating intense international competition to attract the best tech talent, and Australia needs to lift its game.”

The 2017 Crossroads Report outlines that, to compete internationally, Australia needs to:

1. Produce larger numbers of startups; 

2. Ensure some of these startups go on to achieve significant global growth; and

3. Ensure the most successful startups retain a sufficient connection to Australia so the nation can benefit from their success.

The StartupAUS Crossroads Report 2017 is supported by a broad consensus of corporate and community partners, including StartupAUS’s Leadership Partners, Google and UTS, alongside leading investors, scale-ups, and established corporates. It features a State-by-State brief on the progress of local ecosystems, an analysis of the effect of innovation-boosting measures already in place, and milestones for Australian startups.

The 2017 Report makes nine key recommendations to address issues holding the industry back: 

(1)   State Governments should continue to build and connect innovation precincts

(2)   The Federal Government should pay the R&D Tax Incentive on a quarterly rather than annual basis

(3)   The qualification criteria in the entrepreneur visa should be altered and simplified

(4)   Options issued under Employee Share Schemes should be exempted from the 20/12 Rule

(5)   The skilled worker visa should be expanded to include digital skills and reflect startup needs

(6)   Federal and State Governments should work together to expand the school curriculum for digital skills, giving students more options in computer science and computational thinking

(7)   A copyright safe harbour for all online content providers should be implemented

(8)   Entrepreneurship programs should be implemented and expanded in high schools and universities

(9)   Governments should establish dedicated policy teams focused on emerging technologies

Venture Fundraising

Figures from the Australian Private Equity and Venture Capital Association (AVCAL) reveal the 2017 financial year is the second consecutive record year for Australian venture fundraising, with around $1.32 billion raised since July 2016.  Venture fundraising reached a record high in 2016 of $568m, compared with $154m in 2013.

According to AVCAL Head of Policy and contributing author, Christian Gergis, for Australia to firmly establish itself as a leading location from which to grow a global technology company, venture capital investment as a percentage of GDP must increase.

AVCAL’s research report, The Venture Capital Effect, states this investment is 0.023 per cent, less than half the OECD+ average, and less than a tenth of the size of Israeli or US markets, leaving Australia ranked 18 out of 30 OECD+ nations. 

“While the recent growth in local venture has been significant, it must be acknowledged that it is coming off a very low base… [the] Australian venture capital sector remains small, both in absolute terms, and relative to its international peers,” said Mr Gergis.

“Ambitious high-growth young companies will lead Australia’s move onto the world stage, and a thriving local venture capital sector is critical to supporting their growth and helping them remain in Australia. The data in this year’s Crossroads shows for the first time that Australian startups are now much less reliant on overseas investors, which is a very positive step in the right direction added Mr McCauley.

Key startup statistics from the Report: 

Crossroads 2017 was backed up by original research from StartupAUS looking at a cohort of 47 of the country’s most successful scale-ups. The research provides a statistical snapshot of what Australia’s most successful young companies look like:

·      92% of companies are backed by angel or VC investment

·      86% of businesses are looking to hire international talent within six months

·      91.3% of startups are claiming the R&D Tax Incentive

·      29.8 years is the average age of startup founders

·      57% of startups were founded by immigrants or children of immigrants

·      15% of startups have at least one female founder

·      4% of startups have an all-female founding team

·      57% of all startup founders had at least one previous business

·      76% of startups have at least one founder with a previous business

This year’s Report includes a deep dive on the startup sector of NSW, in partnership with the NSW Government, highlighting key growth areas including fintech which has attracted 25 per cent of all NSW capital since 2015. It notes the continuing emergence new NSW technology sectors with Health and Life Sciences, Software as a Service (SaaS) and Sharing Economy / Marketplace businesses all attracting significant levels of investment.  The NSW ecosystem now extends substantially beyond Sydney, with more than one in ten NSW startups now based regionally.

Commenting on the report’s release, NSW Deputy Premier and Minister for Small Business John Barilaro said: “We want startups and people with great businesses ideas to know that Sydney, not just Silicon Valley, is a place where their entrepreneurial spirit can thrive and their vision can become a reality.

“Sydney is already one of the top three startup locations in Asia, but we are working hard to establish Sydney as a startup capital on a global scale. The investments we’ve made in the Sydney Startup Hub and the newly-opened Sydney School of Entrepreneurship are just two examples of the work we’re doing in this space.

“At the end of the day, we know no government can do everything on its own. Rather, a good government is one that brings smart people from various sectors together, and provides them with the support and the strong economic conditions they need to develop their ideas and bring them to market.”

Engineering Director, Google Australia Casey Whitelaw said: “Australia’s startup community is an engine of job creation, supporting the creativity and innovation that will help Australia thrive as technology changes.”  

Professor Attila Bungs, UTS Vice-Chancellor and President, said: “This timely report once again highlights the key issues facing the Australian startup sector, most crucially talent attraction and retention alongside bolstering vibrant precincts remain the biggest issues facing startups. Precincts are critical to provide the cultural and infrastructural support to startups, as well as providing energising links to the surrounding communities.

 

“I welcome current efforts by government and industry to boost the sector; we need to maintain our focus on this and work quickly to ensure Australia remains a leader in this space. Initiatives like R&D tax incentives and to expand and co-ordinate startup precincts are vital; we must continue to do more. We are training the next generation of entrepreneurs – we need to ensure they have an environment in which they can thrive here in Australia,” said Professor Bungs.

The official launch of Crossroads will be held at StartCon 2017 in Sydney beginning 5pm, Fri, December 1. 

StartupAUS Crossroads is a comprehensive analysis of the startup ecosystem. For more information and the full report visit: www.startupaus.org/crossroads

ENDS

Further information: Fleur Brown (02) 9492 1000 or mobile: 0419270863


About StartupAUS 
StartupAUS is a not-for-profit entity with a mission to transform Australia through technology entrepreneurship. StartupAUS believes a strong home-grown tech sector is vital to future Australian jobs and wealth. But getting there will require a national imperative to create the right environment, with a supportive culture and more entrepreneurs with the right skills. www.startupaus.org