Author: smitec

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Catalysing globally-minded startups: the key for Australian job creation (By Dr Peter Beven)

Entrepreneurship is the ‘lifeblood of the economy’, as has been proven in the example of the US start-up scene. In fact, a 2010 study conducted by the Kauffman Foundation showed that without start-ups there would have been no new net job creation in the US economy since 1977! [1] Just think of the implications of this for one minute. Another well-documented fact is the disruption faced by a range of traditional industries. This is leading to a redistribution of industry revenues across geographic borders to an extent never seen before. Only 14% of Fortune 500 companies that existed in 1955...

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Why I’m sending 20 young Queenslanders to Silicon Valley

[This post originally appeared on Business Spectator and has been reposted with permission] In April this year I wrote an article highlighting how Australia is creating a generation of workers, not entrepreneurs and how as a nation we are missing out on a once in a lifetime opportunity. Our economy is still hugely reliant on stuff we dig out of the ground, yet we live in an age when next generation technology is creating opportunities to break into every industry sector.  Australia needs technologically capable and entrepreneurially inspired young people. If our future business leaders are going to succeed, they need to be...

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I’m Heading to Silicon Valley!

I’m heading to Silicon Valley! From the 16th of November until the 28th I will be travelling to the USA as part of a group of Brisbane based founders and tech enthusiasts as part of the Startup Catalyst program. We’re on a mission to soak in the startup culture of the valley and bring back lessons and experiences that we can use to help grow the startup scene here in Brisbane. I’m tremendously excited about going and the rest of this piece will be about what I’m hoping to discover and some initial thoughts. Hopes The main draw card for...