Adios 2012, thanks a million!

I’m looking forward to seeing how Sydney’s spectacular harbor transforms itself tonite with the #NYESYD festivities. I snapped this picture on the harbor recently.

As the year closes, I want to thank all those of you who have visited this blog: over 1 million visits — a huge month on month increase. I will endeavor to post more regularly during 2013 as there is clearly strong interest in the various topics I curate.

Sydney Harbor Bridge

Sydney Harbor Bridge

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Shedding Light On Kickstarter, Open IP and Moore’sCloud

I’m a big fan of Kickstarter as it’s empowering entrepreneurs to come up with a whole range of interesting products that may not have seen the light of day through traditional funding mechanisms.

I’ve personally backed a Kickstarter project called Light by Moore’sCloud. The product is billed as:

Beautiful, intelligent, connected light. Open hardware, open software, endless possibilities for play and delight.

Not only are they developing a fun product, but they are pioneering the way intellectual property is distributed as well. As the team says in their latest update; they are an organization dedicated to sharing all of our intellectual property as freely and as widely as possible.

I caught up with Mark Pesce, the Sydney-based serial entrepreneur behind this project and asked him a few questions:

>What prompted you to build this?

It’s something I’ve attempted several times over the last decades, but only now have we gotten to high-performance (what used to be called ‘workstation class’) computing at an incredibly affordable price point – around $12 in components. It opens the door to entirely new design methodology. And it’s why we’re named Moore’sCloud.

> What is the biggest challenge you face in getting the product to market (not including fundraising)?

There are a lot of subtle UX issues involved in creating a device that has a lot of interiority; how do you present that depth in a way that is not confronting to people without deep technical skills?

> When can I expect my own Light – in the Xmas hamper?

We hope to have them rolling off the assembly line in May.

> Is this the first of a range of products you plan on releasing – what else do you have in mind?

Christmas lights, for one thing. And room lighting. But we see ourselves as getting a toe into the pond of the Internet of Things. We’ll learn a lot that can be applied to other possible forms and appliances.

Thanks Mark! I am certainly looking forward to playing with the product.

They’ve currently got 1,721 backers with $202k pledged towards their $700k goal. 13 days to go – sign on and make a pledge!

 

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Startup Motivation and the Triple-Helix of Entrepreneurial Success

Yesterday was ground zero for the eight teams selected to participate in the Summer 2012 intake of Incubate, the student incubator at The University of Sydney.

I will be Entrepreneur Coach to the teams for the duration of the program. I got to spend some time with them at lunch time and I shared with them my thoughts on the what it takes to be a successful entrepreneur and building a meaningful startup. My talk was predicated on my Triple-Helix of Entrepreneurial Success thesis.

I used the analogy of a space shuttle (a rocket doesn’t quite work because it breaks up into various parts and only the top module re-enters the atmosphere). The key motivators, the WHY, is represented by the engine of the shuttle and these are what drive the individuals and the team to take on the challenge of building a new business. When things go pear-shaped, when they are having those inevitable moments of doubt, that is when they should draw on their motivations, which will help them build resilience.

The shuttle’s fuel consist of the core ingredients needed for any startup to be a success – capability, team, market, need and finances. These are what keep the shuttle powering ahead and it is important to achieve the right mix of ingredients to ensure the engine works efficiently and effectively.

The real differentiator is the triple-helix – the operating system of the space shuttle. This is what can put a startup on the path to success. Having all three parts of the helix at work: FOCUS, ACCOUNTABILITY & BALANCE, will ensure the shuttle has an optimized journey and successfully achieves its mission.

Later on in the day I spent a few hours one on one with the teams and was excited to see them working through a range of the inevitable startup decision points already.

Congrats to the teams and I wish them all the best for the summer.

The teams are:

WeSit: A high-tech version of the Babysitters Club that connects a trusted networks of parents with babysitters.

TheBestDay: The Best Day is a social planning tool for the web and phone that makes it easy for a group to agree on a time and place for an activity.

VIC: We have designed a robotic kit that is controlled through common interfaces that we believe will revolutionise the toy market in Australia

Muro: Muro is a context-based photography platform that allows people at the same event to connect with each other through image sharing.

SnapDisco: We’ve built a visual search engine for shoes — shoppers find local stores selling their perfect shoe, businesses pay for analytics.

Don’t Panic Watch co: A watch that watches you. An automatic panic button built into a watch to detect medical emergencies such as falls and heart attacks.

Feedback: Our startup is a smartphone application that allows users to raise money for charity by completing market research surveys on the go

CloudHerd: CloudHerd will be a business that offers value for livestock sellers and producers by providing advanced inventorying systems and auctions that interface with current legal requirements, such as the NLIS in Australia. It will provide the in depth features necessary to move a lot of the inspections and other typical livestock transaction business tasks online.

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Students Embrace Entrepreneurship at The University of Sydney



This article on The University of Sydney website covers a number of activities I am involved in including Incubate and the Commonwealth Bank’s Unleashing Innovation Program.

My favorite quote:

We want to make sure aspiring entrepreneurs at the University have every possible advantage moving forward into their future careers.

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Smart Enterprise: The Next Wave

The Australian tech and startup blog, From Little Things, has an interesting post on Why enterprise startups are the place to be.

It includes some quotes from me on why I see this to be an interesting area:

The next big technology wave looks like it will be an extension of the enterprise software market. Leeb-Du Toit thinks Australia is well placed to be at the forefront of smart enterprise: the development of incredibly fast systems which can process large swathes of data, to drive decisions in real time.

“It will be driven beyond cloud through new computer architectures that can achieve greater man-machine symbiosis with computers doing far more heavy lifting, so that knowledge workers can transform data into action in real time,” he says.

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Incubate: Driving Campus-wide Entrepreneurship

I’ve been advising the Student Union at The University of Sydney on the setup of Incubate, a campus-wide startup development program. This initiative is designed to assist students get their ventures off the ground and will commence over the summer.

The launch event for Incubate is taking place at 5h30pm on the 20th September  in the foyer of the New Law Building on the Darlington campus. I’ll be chairing a panel on the innovation shift from Silicon Valley to other global centres. Panelists include Matt Barrie (Freelancer), Nikki Durkin (99dresses) and Matt Byrne (Curicon).

Come on over – it will be a fun event.

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