Melbourne Accelerator Program (MAP) Master Class on Wednesday 5 March - Intro to Startup Ecosystem.

1. Introduction to Australian
Startup Ecosystem
@Roh_Workman
March 2014

2. Melbourne Accelerator Program
Support for entrepreneurs of all
MAP Startup Accelerator:
stages:
•$20,000
•Public Forums
•structured mentoring
•Master Class Series
•co-working space
•Startup Velocity
•Escape Velocity
Info Night - Tuesday 25 March – 6.30pm
Sidney Myer Asia Centre

3. 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

4. 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.

5. What is a startup ecosystem?
•
Entrepreneurs
•
Government
•
Universities
•
Investors
•
Mentors
•
Service Providers
•
Large companies

6. Startup lifecycle

7. Funding – Seed
Characteristics:
•Very early stage
•Risky
•Friends, Fools, Family
•Accelerator
•Potentially crowd funding
Image courtesy www.enko.co.za

8. Accelerators

9. Funding - FFF
Phase 1:
•Friends
•Fools
•Family

10. Funding - Angel
Characteristics:
•HNW Individual
•Likely has startup experience
Image courtesy www.treverimarket.com

11. Funding – Angel networks
Characteristics:
•Collection of angels
•Review / evaluate deals together
•Decision to invest is made
individually

12. Funding – Venture Capital
Capital invested in a project
in which there is a
substantial element of risk,
typically a new or
expanding business.

13. Funding – Venture Capital

14. Startup lifecycle

15. 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.

16. 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.

17. Co-working spaces

18. Government Support

19. 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

20. R&D Tax Incentive
The two core components are:
•
Minimum $20k
•a 45 per cent refundable tax offset
•
Basically 150% deduction
(equivalent to a 150 per cent
•
Lodge registration application
deduction) to eligible entities with an
with AusIndustry by 30 April
aggregated turnover of less than $20
2014.
million per annum
•a non-refundable 40 per cent tax
offset (equivalent to 133 per cent
deduction) to all other eligible
entities.

21. Business Victoria
•
TRIP – ICT ($2.5k to $10k);
•
TRIP – Biotechnology & Small
Technology;
•
Technology Voucher Program ($10k
to $50k);

22. Invest Victoria

23. UK Trade & Investment

24. Not-for-Profits

25. Not-for-Profits

26. Questions?