A number of Australian startups have been invited to participate in the annual Startup Summit, a series of events organised by the Australian Venture Capital Association (AVCA).
In an interview with the ABC’s AM program, VC Tony Ruprecht said he hopes to hear from the companies that have recently been named among the top 100 startups.
The event, which is also open to accredited investors, aims to give investors insight into the challenges of running a company.
“We want to hear about the challenges that are facing Australian startups right now, the challenges they’re facing, and how they’re doing it,” he said.
The company selection process will be similar to that of other events, with the selection committee looking for companies that are: innovative and disruptive in some way; have an exceptional brand; and have an existing business plan.
The panelists will also include business leaders, VCs, entrepreneurs, and media.
There are currently seven finalists from the list.
Mr Rupremcht said the startup summit would focus on three areas: building and expanding a business, developing and marketing your business, and scaling.
Mr Mckenzie, the CEO of the Australian Cannabis Association, said the event would highlight a number of factors that could potentially impact the industry.
“These are just a few of the reasons that a company like [cannabis company] Blue Ridge [which he founded] will have an impact,” he told the ABC.
The fact that you’re going, in a way, to build that up to a bigger scale.” “
The fact that they’re going to bring new people into the company.
The fact that you’re going, in a way, to build that up to a bigger scale.”
For the past 12 months, Mr Mcleney said he has had a “big picture” view of what the cannabis industry could look like.
He said the industry needed to have a vision and an understanding of what it was going to look like, and a strong business plan to build on that.
However, the summit also comes at a time when some in the cannabis community are questioning whether the industry is truly ready for the future.
“There is a lot of scepticism in the industry about whether cannabis is a viable alternative to alcohol, and alcohol is a major industry in Australia,” Mr Mkenzie said.
And the reality is that in Australia, in the foreseeable future, the legalisation of cannabis is going to be a real game changer.”