MAP Master Class - Intro to Startup Ecosystem
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This document provides an introduction to the Australian startup ecosystem. It discusses what a startup is, the different stages of a startup lifecycle, common sources of funding including accelerators, angels, venture capitalists and crowd funding. It also outlines some of the key support programs available to startups from government organizations, accelerators, co-working spaces and not-for-profits in Australia. The document is intended to give entrepreneurs an overview of the various players and resources available to them in the Australian startup landscape.
MAP Master Class - 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
- 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
- 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.
- 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?
Editor's Notes
- #20: Case Managers The Expert Network