Australia’s peak advocacy group for startups, StartupAUS, has welcomed four new board members: Elaine Stead (MD, Blue Sky Venture Capital), Rachael Neumann (investment advisor and strategist), Attila Brungs (Vice Chancellor and President, UTS) and Aaron Birkby (CEO, Startup Catalyst). The newcomers join current board members Alex McCauley (CEO, StartupAUS), Teresa Engelhard (company director and investor), […]
We build companies and products faster these days and we have the potential to fail faster – much faster. In fact, the average tenure of a firm in the S&P 500 has shrunk from 61 years in 1958 to only 18 years in 2016. Even amongst the largest and most successful companies, standing still is […]
Former StartupAUS CEO and chair Peter Bradd, whose enterprise innovation consultancy Beanstalk Factory was named one of Westpac’s Businesses of Tomorrow, recently sat down with former IBM (ANZ) and Telstra CEO David Thodey to discuss the the value of (and barriers to) innovation plus the need for processes that ‘allow people to move faster’. Asked by Bradd to define ‘innovation’, Thodey, […]
Businesses, both small and large, should know by now that innovation is the key to competing in the digital age, and that longevity isn’t possible without a culture that is inherently innovative A report by IBM provides evidence that creativity is at the heart of innovation, revealing that executive leaders consider creativity the most crucial […]
We hear over and over again that businesses need to innovate otherwise they risk being chewed up and spat out by disruptive forces. But creating a company culture where people can be innovative is easier said than done. I recently sat down to talk about innovation with Xero’s former Managing Director, Chris Ridd. Ridd made an […]
Innovation was the key word in 2016, supported by a bipartisan government agenda and highlighted through much success in the space, such as RedBubble’s $288 million IPO. In 2017, we should expect to see a new maturity coming to the market, with start-ups moving into scale-up territory, and – due to the government’s late-2016 commitment to […]
Businesses are keenly aware that innovation is increasingly necessary for survival, let alone success, but many still struggle with the notion that innovation is not without risk of failure. There is a prevailing belief that failure is a weakness, and this works through all layers of the business: from the board through to management, to […]
The Federal Government’s commitment to open up ICT contracts to ‘smaller players’ has received support from within the start-up community. Yesterday, Assistant Minister for Digital Transformation Angus Taylor called on the tech sector to submit feedback to the Commonwealth’s ICT Procurement Taskforce on how to make government contracts more accessible to start-ups and SMEs. […]
This year, Microsoft purchased LinkedIn for $US26.2bn and Uber was valued at $US62.5bn. How is it that a handful of founders, starting out with little more than an idea, are managing to create multi-billion dollar businesses, when our largest companies with far greater resources, are struggling to replicate that performance? When it comes to enterprise, a poorly-defined […]
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