Shoes of Prey
Ollo Mobile, a tech start-up aiming to help seniors, has taken out top honours at this year’s West Tech Fest OzApp Awards. The Brisbane-based start-up receives a $100,000 convertible note with Qualcomm Ventures. Their product is a wearable panic button that triggers call-outs to family members and support networks. The five finalists were assessed by a judging panel including Qualcomm Ventures director Patrick Eggen and Silicon Valley-based start-up investor Bill Tai who has backed Australian start-ups including Shoes of Prey and Canva. Co-founder Ken Macken told StartupSmart getting the backing of Qualcomm and Bill Tai will increase their chances as they raise funds in the United States. They’ve this week announced an American business entity, Ollo Wearables, to simplify this process. “This is a big Australian award with international judges. This is really going to help bring things together and build the credibility of our business,” Macken says. The team of six are rolling out the fourth iteration of the hardware component and the second iteration of the support software. The $100,000 prize will go to speeding up the development of the product and growing the team. Macken says they’ve lined up 12 people they’ll be hiring in the next three months. Other OzApp Award winners include fashion networking app Infinite Wardrobe, announced as the runner-up, and time lapse photography app Project Tripod, which won the pre-revenue award. Project Tripod co-founder Catherine Eibner told StartupSmart they were lodging their developed app with investor Nokia later this week and should have it in the market shortly. Getting out and pitching the app has helped them realise the scope of the app they were creating. “The most interesting thing with Project Tripod is every time we mention it people have another idea of how to use it so it’s turning out to be bigger than Ben-Hur,” Eibner says. “It could work for anything that can be tracked and measured visually, from nature photography to construction.” Once the app is launched, the team will be focused on developing their APIs so it can be used widely.
Five start-ups have been selected by international investors and announced as finalists in Perth-based, national app development competition OzApp Awards. They were selected by a panel of judges including Qualcomm Ventures director Patrick Eggen and Silicon Valley-based start-up investor Bill Tai who has backed Australian start-ups including Shoes of Prey and Canva. “I was blown away by the quality of the ideas and teams in this year’s applications,” Tai said in a statement. “There is a growing awareness in the Valley that Australia is a great source of innovation in the digital space and the awards are providing a focal point for people to come and take a look for themselves.” Attracting international interest and investors has been a goal for the OzApp Awards since the competition launched. “The competition now has an international profile with a significant group of global entrepreneurs and investors attending the final event in Perth and checking out the scene while they are here,” says Rohan McDougall, OzApp judge and Curtin University director of intellectual property commercialisation. The five finalists come from across Australia, with only event aggregator tool Triplifier based in Western Australia. Photography app Project Tripod and toy customisation app ToyPrint herald from New South Wales, and panic button for seniors platform Ollo Mobile and fashion networking app Infinite Wardrobe are based in Queensland. The five start-ups will pitch at the upcoming West Tech Festival for a $100,000 convertible note with Qualcomm Ventures. The top three finalists will split $20,000.
The founders of successful start-ups Zambrero, TOM Organic and Shoes of Prey are among the Australian entrepreneurs shortlisted for the G20 Young Entrepreneurs Alliance (YEA) Summit.
Successful retailers have revealed their best Christmas sales strategies, after the Australian Retailers Association painted a gloomy picture for the industry with its latest predictions.
A trip overseas might not sound like an obvious springboard for business ideas, but the rise of holiday-inspired start-ups certainly suggests a link between jet-setting and entrepreneurialism.
This article first appeared August 23, 2011. An issue we've been discussing internally at Shoes of Prey lately is how to balance short- and long-term activities.
Retail giants’ use of ‘flash sales’ to improve their online offers and clear slow-moving stock looks set to pose a threat to smaller online operators.
Small retailers are being invited to attend a Federal Government online retail forum later this month, designed to encourage Australian retailers to explore online business options.
Being struck by an inspired business idea is a thrilling moment. At this time, it’s tempting to believe that every investor in town will be begging to hear an in-depth explanation of your wondrous start-up before throwing copious bundles of cash at your feet.
I'm looking to source a product from China. Do you have any tips of suggestions on the best way to go about doing this?