The Hon. Malcolm Turnbull, MP
Prime Minister of Australia
Australia’s economy is transitioning from a resources-led investment boom to one that is built on innovation, technology and trade.
Innovation is fuelling the diversification of Australia's economy, and the pace and scale of digital disruption is providing more opportunities for Australian businesses to leverage technology in new and exciting ways.
Technology is breaking down barriers, making it easier for local businesses to access new and increasingly wealthy markets across Asia.
The 50 tech startups featured here on the pages of the 2016 Tech Pioneers report are among those leading the charge.
Each demonstrates the power of technology to disrupt the status quo and are helping position our region as a leading innovation hub.
They also highlight the importance of early stage capital for startups to be able to invest and grow.
That is why my Government's National Innovation and Science Agenda will make it easier for startups to access early stage investment. Investors will now be able to access a 20 per cent tax offset and capital gains tax exemption on investments in innovative startups.
We are also making changes to Early Stage Venture Capital Limited Partnerships (ESVCLPs), including a 10 per cent tax offset for capital invested in new ESVCLPs, and establishing new commercialisation funds such as the $250 million Biomedical Translation Fund.
These changes are supporting our economy’s transition and will help foster a new generation of digital disruptors.
Congratulations to the Tech Pioneers of 2016.
We are pleased to present the inagural 'Tech Pioneers Report', which showcases the most exciting and pioneering startups from Australia and New Zealand. These are the companies at the leading edge of the 'ideas boom' and the drivers of the economy of the future.
The process for selecting the top 50 pioneers involved a wide search for pioneering companies to create a comprehensive list that was then ranked based on 5 factors: total capital raised, rate of capital raising, location and degree of sub industry disruption and the judging panel’s subjective rating of the degree of product, service, customer experience and business model innovation. A formula was then used to combine this data and determine the overall ranking.
The report has been prepared by H2 Ventures, one of Australia’s leading venture capital firms, with the support of Investec Australia, a distinctive specialist lender and asset manager.
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About H2 Ventures
At H2 Ventures we are reinventing financial services for the retail consumer by bringing together and investing in talented entrepreneurs, forward thinking established financial services companies and other thought leaders in the world of finance.
We believe in a culture of empowerment, of possibility and experimentation, of learning from failure as we seek long-term outcomes, of focused action and honest critique, of collaboration and trust, and of organisational agility. Through H2 Ventures, we have created an organisational ecosystem that allows us to develop these cultures and to pursue our vision for the future of financial services.
Our goal is to foster an ecosystem of the startups, financial institutions, founders, engineers, executives, regulators, legislators, academics and thought-leaders that are seeking to participate in or to drive disruption in financial services.
We invest alongside entrepreneurs and other investors in early stage fintech ventures. We provide equity capital to support growing businesses that have the potential to become successful and substantial enterprises in the financial services industry. We have established the H2 Accelerator and our own foundry through which we bring together entrepreneurs, ideas and investors.
About Investec Australia
Investec Australia provides advice, capital and hedging products to High Net Worth, Corporate and Institutional clients; and invests in and manages real assets on behalf of third parties.
In Australia, we focus on our core areas of Aviation, Corporate & Acquisition Finance, Financial Markets, Infrastructure Finance & Investment, Resources, Corporate Advisory, Property and Asset Management. As a specialist provider we deliver local knowledge and expertise, backed by the strength of a global brand.
Investec Australia provides a gateway to the Investec Group, delivering clients global capability, products and solutions supported by a local team of experts who understand your business and are empowered to make decisions quickly.
We believe in long term, mutually beneficial relationships where we, as a trusted adviser, grow as our clients grow.
We live our brand — Out of the Ordinary — in all we do.