Building a business is hard work. It takes guts, determination and resilience. It means holding onto a dream and vision often when others can’t see it. And doing so in Australia this is only just almost coming into vogue. This means our entrepreneurial ecosystems are still relatively young. Culturally we are still learning to embrace and accept innovation and entrepreneurship but it is far from being accepted as normal.
And this is why elevate61 is special.
Described as a rapid growth entrepreneur program – elevate61 aims to take the best of Australian enterprise B2B companies and accelerate their business growth and development by exposing them to the blow torch of the largest and most competitive tech scenes on the planet. Over the next ten days we will spend time in Los Angeles, San Francisco and New York. The aim to help six Australian startups to determine whether the States is a market for them and what it takes to succeed on a global scale.
For Adepto, Bookmarc, CancerAid, Mash in Music, PAM and Scrmhub – the trip will an opportunity to build networks and capture insight. We will meet with fellow Australian entrepreneurs who have built or are building businesses in the US, venture capitalists, advisors, government officials and leaders from within the various US ecosystems. Through a series of presentations and workshops participants will be challenged on their strategy and all elements of the business model as well as given tips and insight. The outcome from this will be better entrepreneurs, better companies and the beginnings of networks that will be critical to scaling their businesses into the US.
So as we kick off our third US tour this week there is excitement, trepidation and expectation amongst this year’s participants. It’s a great honour to be here with the companies and share this journey with them. It’s a commitment from the firm and our partner Advance to building a stronger Australian entrepreneurial ecosystem, it’s a direct investment in the future of Australian business and recognition that the future of our economy needs strong global companies. It’s practical direct action with real outcomes. In past years we have seen a number of participants make the move to the States (Simpro, Gym Sales and Cover Genius) and others continue to refine and grow their Australian businesses.
This week and next we’re doing our bit to help make entrepreneurship more normal and culturally acceptable in Australia.
10.00am - 10.45am: Presentation | Q&A: Navigating the legal and investment strategy in the US. Led by Chris Shoff, Partner, Latham & Watkins Law.
11.00am - 11.30am: Presentation | Q&A: LA's Booming Tech Scene: The trends, investors and companies you need to know. Led by Erin Shipley, Managing Partner, The Helm Fund.
11.30am - 12.00pm: Presentation | Q & A: Bring Your A Game. Led by Nick Bishop, Aussie Pies.
1.00pm - 2.30pm: Pitch Coaching, by Pitch Coach Michael Barton, Centre at the Bullseye.
3.00pm - 3.30pm: Presentation | Q&A LA: Startup Scene. Led by Dan Dato, Founder & CEO, Cross Campus.
5.30pm - 7.30pm: Private networking event | Meet LA based Australians | Hosted by Ms Chelsey Martin, Australian Consulate General, Los Angeles