News from #Australia: Innovation culture has evolved beyond Turnbull’s mantra.
Here you would discover about:
– “Australian innovators and entrepreneurs have been complaining about the state of the national innovation culture for years, with good cause. Only 16% of Australian businesses have a high performing innovation culture, compared with 44% of the global top 100″
– How the culture of implementing innovation and startup mindset in corporations is going on: “15 years ago, Innovation was a carefully planned process, driven from above, and tied to key strategic goals.
In 2016, innovation means entrepreneurship, self-organizing teams, fast ideas, and cheap, customer experiments. This is a completely different concept and practice of innovation.
– which school established “design thinking” as core curriculum for the Silicon Valley design industry and when
Conclusion: remember, to be a good startupper or innovator is not every time having the big risk and, indeed it is something vice versa – reducing the costs of entrepreneurship by increasing the effectiveness of entrepreneurial ventures.
This can be achieved by teaching people to prototype innovations, and fail and learn fast.
“The news is a blow for Juno Therapeutics, the biotechnology startup valued at $4.3 billion that is developing the treatment, known as a chimeric antigen receptor T-cell, or CART. It’s also a blow for the entire field of these cells, which genetically engineer a patient’s own T-cells (a type of white blood cell) so that they will attack the B cells that become malignant in many types of blood cancer.”
Even there are fails in experiments, it is part of the road.
Biology is tricky, and medicine unpredictable.
The three winning startups are ONEPAY, Prosecure and InvoiceInterchange.
ONEPAY – sending and spending money (and cryptocurrencies) free around the world.
Prosecure – creating a worry free shopping experience for online shoppers and e-commerce companies.
InvoiceInterchange – P2P invoice trading marketplace, providing working capital solutions to fund business growth
#SaaS Revinate ( $12.9 million Series C) helps hoteliers manage their online reputation, states it has 30,000 hotel customers across 164 countries including Marriott International, Wyndham Worldwide, and IHG.
#Booking Festicket ($6.3 million Series B), the booking platform for travel packages to 500 festivals in 40 countries around the world. The company offers a variety of packages and also produces a magazine highlighting different festivals and destination guides for these festivals.
#VirtualConcierge Key Concierge ($3.75 million Series A) As a virtual concierge service for luxury vacation rental properties, operates in eight U.S. markets.
#BoatsBooking Zizoo ( $1.8 million venture round), more than 8,000 boats in its inventory in more than 30 countries. It could be booked online with or without the crew.