Google AI
The Times Australia

Times Media

Investible are scouting for Australia’s most innovative startup to represent Australia

  • Written by: S T E P H B A R R


Investible are scouting for the most innovative startups across Southeast Asia and Australia to represent their countries at China’s Overseas Talent Entrepreneurship Conference (OTEC).

Investible are holding seven pitch battles across Southeast Asia to find the most innovative startups to compete in the semi finals of the ultimate international pitch battle - OTEC Kunming, to qualifying for the finals in Beijing this July.

For the first time in four years, Investible have extended their Overseas Talent Entrepreneurship Conference (OTEC) search to Southeast Asia. With OTEC one of the world’s largest VC events, the move reflects Investible’s recent expansion and commitment to supporting Asian startups, with pitch battles to be held in Sydney, Jakarta, Kuala Lumpur, Manila, Bangkok, Singapore and Ho Chi Minh City.

 

"There's often too much tunnel vision focused on Silicon Valley or Tel Aviv. Investors sometimes forget that these Asian nations are just one flight away from Australia, the USA and the UK, and have economies that are uniquely placed to nurture high-growth start-up." says Investible cofounder Creel Price.

The winning startup from each country will receive flights and accommodation to complete at the OTEC 2019 Semi finals in Kunming, connections with China’s top venture capitalists, peer to peer networking with other exceptional global startups, and a one-on-one investment meeting with Investible’s Investment team.

As one of the most active early stage investment groups in Australia, Investible alongside local investors and venture capitalists, will judge the most innovative startups based on the founding team, market traction and ability to scale technology into new markets based on the Invisibility Index. Teams will have four minutes to pitch and four minutes for Q&A.

Having heard thousands of over-engineered pitches throughout his career, Price suggest startups should aim to be succinct, speak frankly, with confidence and authenticity, and have an ask of investors with a monetary value.

“If you can’t say what you do in one succinct sentence, that an average person would understand, then chances are the average angel investor won’t understand either,” explains Price.

 

Startups from around the globe that qualify to for the OTEC finals in Beijing will battle it out for the chance to win 1,000,000 RMB (approximately $150,000 USD) and the opportunity to access a RMB $5 million entrepreneurship loan. The pitch competition not only gives startups the opportunity to secure funding, but to raise their profile in the Chinese region.

Startups ready to raise Series A or B capital, with an established customer base and revenue stream are encouraged to enter the Investible search for Australasia’s most innovative startups via the links below:

Jakarta – 29 April 2019: https://promo.investible.com/otec/jakarta

Bangkok – 3 May 2019: https://promo.investible.com/otec/bangkok

Ho Chi Minh City – 6 May 2019: https://promo.investible.com/otec/vietnam

Kuala Lumpur – 8 May 2019: https://promo.investible.com/otec/kualalumpur

Manila – 10 May 2019: https://promo.investible.com/otec/manila

Sydney - 14 May 2019: https://promo.investible.com/otec/sydney

Singapore – 17 May 2019: https://promo.investible.com/otec/singapore


About Investible

Investible is an early-stage investment group that provides high potential founders the financial, human and intellectual capital needed to scale. Investible's mission is to de-risk angel investment on a global scale. With 70+ investments, including being first money in “unicorns” Canva, Brandless and Ipsy, Investible has produced an investment performance of 67% IRR over 8+ years.

Investible recently expanded its operations to the Asian markets, launching Club Investible Singapore, and sponsoring start-up pitches at OTEC Beijing and Techsauce Thailand.

Investible Website: https://investible.com/

Property Times

Four Numbers First Home Buyers Should Run Before the Spring Listings Land

Rates are on hold, listings are about to surge, and the thresholds that decide what help a first home buyer gets have moved. Here is the maths to do before you fall for a listing.Spring is when Australian property wakes up. Listings climb through Sep...

Where to Escape This Winter: Marnong Estate

As the temperatures drop, the appeal of escaping the city for rolling vineyards, long lunches and a glass of cool-climate red becomes hard to resist. Just 35 minutes from Melbourne's CBD, Marnong Estate is emerging as one of Victoria's most compell...

Major Health and Wellbeing Hub Breaks Ground at Essendon Fields

Work is now underway at 74 - 76 Hargrave Avenue following a sod-turning ceremony on Thursday, marking the latest stage in the continued transformation of Essendon Fields into a major mixed-use destination. The 4,054-square-metre development will b...

Australia's Housing Market After Labor's Tax Changes: Did the Predicted Property Crash Arrive?

Several months after changes to property investment tax settings, Australia's housing market has delivered a more complex picture than many predicted. When the Federal Government announced changes affecting property investors, some commentators wa...

Food & Dining

Kenwood My Pizzeria Pizza Oven – The easy-to-use worktop pizza shop for your home

Pizza at home can be tricky. For years I settled on ‘cook from frozen’ mass produced ones that could get chucked in the oven and would come out…well, barely acceptable. I’ve loved pizza my whole life, and in the digital age of today, it has never bee...

Caffeine: We Can Live Without It — Happily

Coffee starts the morning. Tea gets us through the afternoon. An energy drink promises another few hours of concentration. Cola quietly adds another dose. Caffeine has become so embedded in everyday life that giving it up can sound almost eccentri...

Grill'd Wraps Up Lunch With Biggest Menu Expansion in 22 Years

After more than two decades spent perfecting burgers, Grill'd is entering new territory. The Australian restaurant chain has launched its first-ever wraps range, marking one of the most significant menu additions in the brand's 22-year history and...

Martha’s Is Turning Its Cult Cinnamon Scroll Into a Giant Cake

Sydney’s favourite cinnamon scroll is getting a very big birthday upgrade. There are few things better than a warm, sticky cinnamon scroll. Unless, of course, it’s a giant cinnamon scroll big enough to share. To celebrate its first birthday, Sydney...

Business Times

Eat.com.au is for sale: The domain name is already the brand

An Australian food business could begin with this domain name, one that needs little explanation. The potential is right th...

Top doctors tip in another $3.5M into AI medtech capital raise

Medow Health AI ip in another $3.5M into AI medtech capital raise Medow Health AI, the Australian health-tech company buildin...

Australians are still spending — so why are shops closing?

Walk through many Australian shopping strips and there is a contradiction in plain sight. Australians are spending more mo...

Technology

MISSION 1, MISSION 1 PRO and MISSIO…

Today, GoPro, Inc. (NASDAQ: GPRO) announced that its MISSION 1 Series of compact cinema cameras ha...

Local News

Fitstop Global Games to Bring 1,000…

The Australian-born fitness brand is bringing its global competition home, with athletes from across...

Culture

Kenwood My Pizzeria Pizza Oven – The easy-to-…

Pizza at home can be tricky. For years I settled on ‘cook from frozen’ mass produced ones that could...

Travel

School holiday pricing: fair market economics…

Every Australian family with school-aged children knows the pattern. Look at an airfare, hotel ro...

The Times Features

Kenwood My Pizzeria Pizza Oven – The easy-to-use workto…

Pizza at home can be tricky. For years I settled on ‘cook from frozen’ mass produced ones that could...

Melbourne Local Steps Outside Her Comfort Zone to Compe…

From working in Melbourne real estate, building a career and now stepping into the Miss World Prel...

Award-Winning Author Cara Barilla Writes I Pray for My …

Following her recognition as the winner of the 2024 Christian Literature Book Awards, Australian aut...