‘Find your niche’: The hard lessons of building tech companies
IND Technology has made the rare leap from academia to commercial success, while legal tech start-up Nexl nearly failed but is now growing rapidly in the US.
Ask many experienced start-up sector old hands what the most frustrating aspect of working in the local innovation industry is, and they will point to the country’s universities and lament the lack of big companies resulting from big ideas.
Professor Alan Wong is trying to shift that perception, and is starting to see strong results at RMIT spinout IND Technology. The company makes an early fault detection system, used by power infrastructure asset owners, that uses Internet of Things sensors and machine learning to spot when things are going wrong.
Paul SmithTechnology editorPaul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
