As a full time angel investor and venture capital investor I spend a considerable amount of my time meeting with founders from all walks of life. Ten years back that group would have largely consisted of a few random, risk-taking entrepreneurs and a bunch of computer science grads punching out code. My, how times have changed.
In this current “Innovation Era” it seems the whole world is seeking to get digital and disrupt something. The backgrounds, skills and mindsets in the startup scene are now far more diverse… and what a huge asset that is to the local ecosystem and future of innovation in Australia.
Most comforting to me over the past few years has been the increasing number of founders I’ve encountered from some formal STEM background that’s not just computer science, and how they are putting their ideas to the test. Diversity of thinking, ideas and actions seems to be the DNA of a healthy ecosystem. If we are to create a vibrant, sustainable innovation ecosystem in Australia then we must promote this sort of risk taking through academia and into commercialisation programs.
On a recent tour of Silicon Valley with the current cohort of the muru D accelerator program from Sydney, I had the pleasure of spending time with the founders of astro-educational startup Quberider and underwater inspections company Abyss Solutions.
“It was a pleasure to see these young STEM professionals stand up, pitch and impress some of the world’s most experienced startup investors with their passion and ideas that have true global application.”
Solange Cunin launched Quberider while still studying a Bachelor of Science and Engineering at UNSW, majoring in aerospace, aeronautical and astronautical engineering. Quberider’s director Sebastian Chaoui is undertaking a Bachelor of Engineering and Mechatronics at UTS, majoring in robotics and automation engineering. Abyss Solutions founder Masood Naqshbandi has a Masters in Materials Chemistry and Photonics from the University of Sydney. His highly qualified team hold a number of PhDs and masters degrees between them.
It was a pleasure to see these young STEM founders stand up, pitch and impress some of the world’s most experienced startup investors with their passion and ideas that have true global application. Their diverse skills, intimate knowledge of their subject matter and practical “can-do” attitudes put them in great stead to impress. So did the experiences they shared visiting one of the leading hubs of global startups and innovation.
If we are to create a truly innovative society in Australia that can help make the world a better place, then we need to foster entrepreneurialism among the excellent talent from our leading universities. Support from corporate incubators and accelerators to share business acumen will further accelerate their success. Supportive global capital will surely follow.
Director, Bardama Startup Fund, Affirmative Investments and Timezone Group International
Read next: Attila Brungs, Vice-Chancellor and President of UTS, sheds light on how we can equip new generations of graduates with the right skills to compete in a changing global market.
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