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Start-up systems attract global...

Start-up systems attract global investment

US investors are attracted by Australia's opportunities for start-ups.
Australia’s start-up community is gaining interest from global investors.

 

Some investors from the US are keen to move their brands to Australia as they realise that they will get more return on their investment.

 

 

Tony Perkins, founder of the Silicon Valley company AlwaysOn, said that it is much more economically viable to establish a start-up in Australia compared to Silicon Valley where entrepreneurs need to go through five rounds of investment.

 

 

Mr Perkins was in Sydney, promoting his AlwaysOn tour of Australia which will have Australian entrepreneurs meeting with Silicon Valley chief executives and investors.

 

 

He hopes that the event will make American companies more aware of the opportunities for investment that Australia has to offer.

 

 

Mr Perkins compared Australia to China, India and Brazil as an economy with a lot of scope for growth.

 

 Endorsement from Silicon Valley, which is known to be a metropolis for the technology industry, is a sign that Australia could be a good place for global entrepreneurs to go to set up their businesses.

 

Posted by Craig Francis

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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