The Australian technology start-up scene is thriving, due in part to tax incentives for early-stage investors being introduced last year, as well as the $1.1 billion National Innovation and Science Agenda launched by the Turnbull government in December, which aims to help innovators gain funding to make their ideas a reality.
At CeBIT, we have the pleasure of experiencing this thriving scene first-hand. Each year, start-ups go head to head in our PitchFest, one of Australia’s leading top entrepreneurial competitions, and many of the winners, such as Mathspace and NetHealth, have gone on to great success.
In this fertile landscape, innovative companies are constantly coming to the fore. Here are 3 Aussie technology start-ups to watch in the coming months.
As Benjamin Franklin once wrote, “In this world nothing can be said to be certain, except death and taxes.” Airloom is a technological solution to help us deal with the first of those certainties.
When industrial designer Sally Coldham’s mum passed away, Sally and her family were plunged into a mire of legal jargon, red tape and confusion in this most difficult time. The experience inspired her to seek a way to make the process easier for others. Airloom asks you a series of questions covering every aspect of your life and your wishes, helping you comprehensively get your life in order so you can have peace of mind knowing our loved ones won’t have to deal with any unnecessary challenges after you’re gone.
Sally is one of the founders involved in SheStarts, an innovation program for women designed to accelerate the start-up journey, and with a strong board of advisors, we think there is a lot of potential here.
Losing someone we love is a difficult experience, but it is also a universal one. While Airloom isn’t quite live yet, the prospect of making death a little easier to talk about and deal with is one, we think, everyone can get on board with.
According to PricewaterhouseCoopers, cybercrime was the second most reported economic crime in 2016, up from fourth place in the previous year, and as we’ve seen from recent examples, such as the HBO hacking scandal, it is a problem that continues to grow. Yet most companies don’t feel fully prepared for the coming onslaught – according to the ASX 100 Cyber Health Check, released in April, only 42 per cent of respondents were “confident” that their organisations were “properly secured against cyberattacks”.
ResponSight is an enterprise security company that uses behavioural analytics to detect when something is out of the ordinary, allowing for proactive detection and isolation of any potential cybersecurity threats. It also allows for monitoring of your BYOD workforce, as it increases security outside the corporate network without negative impact on users.
As cybersecurity becomes an ever-greater risk, and as the workforce employs more flexible working arrangements, further escalating those risks, we expect applications like ResponSight will become another crucial line of defence for enterprises wanting to prevent data breaches.
3. Morse Micro
According to Gartner, 8.4 billion connected “things” are in use in 2017. This number is up 31 per cent from 2016, and is expected to reach 20.4 billion by 2020.
But this explosion of the internet of things (IoT) is predicated on one crucial thing: connectivity. And Morse Micro may just have the solution.
Morse Micro have built a wireless chip that reaches up to one kilometre, yet only consumes 1 per cent of the power used by traditional Wi-Fi chips, which means that Wi-Fi devices can run for several years on a single coin cell battery, or potentially even forever on harvested energy. Dubbed Wi-Fi HaLow, the chips are based on the newly ratified 802.11ah standard, with government-grade IEEE 802.11i security built into the core, and they also allow for high bandwidth bi-directional data transfers, to facilitate firmware upgrades. Even more of a bonus, they are five times smaller and cheaper than traditional chips, making them perfect for smart devices.
Morse Micro have been the recipients of lots of local support thus far: they are a graduate of start-up accelerator program Startmate, and they also recently received over $400,000 in funding in the Federal Government’s Entrepreneurs’ Program. Currently based in Cisco’s Sydney Innovation Centre, Cisco will be producing the first equipment based on Wi-Fi HaLow. The chip is expected to hit shelves around March 2019, and while HaLow-enabled devices will initially be focused on industrial and agricultural applications, Morse Micro co-founder Andrew Terry says he expects the chips will find their way into smart cities and homes by 2020.
As these 3 Australian technology start-ups clearly demonstrate, innovation is alive and well in Australia, and we look forward to seeing how these organisations do in the months to come.
None of these great ideas would have got off the ground without significant investment, whether that’s from government funding programs, start-up accelerator programs or angel investors.
Another great way to raise capital is through crowdfunding. But crowdfunding is more than simply creating a fun profile, then sitting back and watching the money roll in. It takes careful planning, production and promotion. If you have a great idea you want to implement, download our free ebook.