{"id":38681,"date":"2023-10-20T14:58:14","date_gmt":"2023-10-20T14:58:14","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/adelaides-leading-innovation-accelerator-announces-asx-plans-as-its-50-startups-projected-value-exceeds-1-5-billion-startupsmart\/"},"modified":"2023-10-20T14:58:14","modified_gmt":"2023-10-20T14:58:14","slug":"adelaides-leading-innovation-accelerator-announces-asx-plans-as-its-50-startups-projected-value-exceeds-1-5-billion-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/adelaides-leading-innovation-accelerator-announces-asx-plans-as-its-50-startups-projected-value-exceeds-1-5-billion-startupsmart\/","title":{"rendered":"Adelaide\u2019s leading innovation accelerator announces ASX plans as its 50 startups\u2019 projected value exceeds $1.5 billion – StartupSmart"},"content":{"rendered":"
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Adelaide\u2019s leading global innovation accelerator is planning to list on the Australian Securities Exchange after four years of building world-class tech companies from the ground up.<\/p>\n

Since launching in 2012, Innovyz<\/a> has helped establish 50 startups, which have a combined value of $144.8 million based on their latest capital raises.<\/p>\n

With these investments and current growth, Innovyz projects this value to exceed $1.5 billion by 2020.<\/p>\n

Innovyz chairman Philip Vafiadis tells StartupSmart<\/em> the accelerator has been able to achieve this growth by shifting its approach to innovation.<\/p>\n

\u201cWe\u2019ve pivoted the model away from the traditional startup scene and are working on hardcore commercialisation now,\u201d he says.<\/p>\n

\u201cWe\u2019re getting access to the best innovation, now it\u2019s time to scale.\u201d<\/p>\n

Vafiadis says this pivot has opened the door for Innovyz to work with a \u201cdifferent calibre\u201d of innovative companies like Titomic, an industrial scale 3D manufacturing company developed from research with CSIRO.<\/p>\n

\u201cEveryone understands 3D printing now and we\u2019re all excited by it,\u201d he says.<\/p>\n

But the 3D printers on the market, he says, are still incredibly slow, cost a fortune and the quality isn\u2019t up to par for industry use.<\/p>\n

Titomic has developed a proprietary process that opens the world of 3D printing to manufacturers.<\/p>\n

\u201cThe Titomic process is already printing 1.4 tonnes per day, it\u2019s the beginning of industrial scale additive manufacturing,\u201d Vafiadis\u00a0says.<\/p>\n

\u201cThe titanium produced is more than thirty percent stronger [and] the powders we use are between $20 to $40 per kilogram.\u201d<\/p>\n

Vafiadias says the company has just completed a pre-initial public offering round that was oversubscribed by 500%. He cannot reveal the amount raised yet.<\/p>\n

\u201cThe South Australian government has now included Titamoc as a strategic asset for growing the greater economy,\u201d he says.<\/p>\n

\u201cIt [shows] how one business that has a unique capability can attract many other businesses into Australia.\u201d<\/p>\n

Other companies Innovyz has developed, like Chromaspeed, have also come out of research papers.<\/p>\n

\u201cWe took that out of Western Sydney University,\u201d he says.<\/p>\n

\u201cOne of the first projects that we are doing with them [is] is a liquid chromatography process. It\u2019s a multibillion-dollar industry and this is the fundamental technology that will remove a significant bottleneck in getting the data from those medical requirements.<\/p>\n

\u201cIt\u2019s not just about helping the path labs and all the researchers in the field do work faster and cheaper. Every large health organisation is hungry for IoT [Internet of Things] application, they\u2019re hungry for data to feed into their data systems.<\/p>\n

\u201cThe ability to increase this for more testing for digital health systems [makes it] the perfect technology, at the perfect time,\u201d he adds.<\/p>\n

Innovation driven from the intersection of STEMM research and strong entrepreneurship is driving great returns for the Australian economy and it will continue to do so, says Vafiadis.<\/p>\n

\u201cOne hundred percent of the last 13 companies that we worked with have agreed to move to South Australia; we\u2019re not bribing them, nobody has given them perks, they just like the ecosystem that we\u2019ve built,\u201d he says.<\/p>\n

\u201cWe do all the commercialisation work in Australia but we\u2019re open to innovations from anywhere. Our mantra is that invention drives civilisation forward.\u201d<\/p>\n

Follow StartupSmart on<\/em>\u00a0Facebook<\/a>,<\/em>\u00a0Twitter<\/a>,\u00a0LinkedIn<\/a>\u00a0and iTunes<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Adelaide\u2019s leading global innovation accelerator is planning to list on the Australian Securities Exchange after four years of building world-class<\/p>\n","protected":false},"author":2,"featured_media":61569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38681"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=38681"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61569"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=38681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=38681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=38681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}