Prepared for C J. | Delivered March 24, 2020
Internationalizing Start-Ups Through Incubators
To identify data on the impact of incubators helping local companies succeed internationally.
The Kiln incubator is a service for existing
wanting to grow it supports quality technology companies.
Kiln's clients benefited in terms of: "expert advice, lessened stress of growth, legitimized the business to others, and ability to
CBRIN's KILN incubator program has assisted over
companies through incubation. There are currently
companies in the incubator space and
in programs of virtual incubation."
's startup clients found "advice relating to scaling their business for an
very helpful in looking beyond their current situation and establishing customers overseas." Some of their clients include Automed, Gymaware, and Spinify.
is a client of the Kiln Incubator.
The company was founded in
in 2012 and is a Canberra based company. It is a "
in automatic livestock medication systems."
"It was a finalist in the
Export awards, an Asia Pacific ICT Alliance industry application award winner and a three-time iAwards winner, including Mobility Innovation of the Year Award and Industrial and Primary Industries Award in 2016."
Gymaware is a
business and a client of Kiln Intensive.
"It has eight full-time staff and a turnover of around
The business sells products that
and power during gym training for elite athletes.
of Gymaware’s customers are international, with
being USA based elite sports teams and athletes."
"The sports tech products that Gymaware sells, are seen as the ‘
’ for movement-based tracking systems."
A spokesperson from Gymaware says that the help of CBRIN/Kiln staff was critical in getting the company ready for
. The advice they received from the incubator helped
Spinify, another client of Kiln, is a startup that "provides workforce in customer organizations with a
competitive environment through interactive activity leaderboards and dashboards".
Spinify's founder received a lot of value from CBRIN, which offered him advice for problems, made him feel a part of a community, and helped him focus on
CBRIN also connected him with Canberra’s universities, which led to
Spinify's founder also gives back and
invests in other start-ups
, serves as a mentor to others, and talks about his experience.
Spinify's founder wants more government funds invested in CBRIN to increase the extent of
. He also felt that more needs to be done to
and the private sector, and advocates that students receive course credits through working in start-ups.
For the initial hour, we tried identifying as much of the requested information as possible. We were able to identify some insights on an incubator that helps companies succeed internationally, as well as examples of the benefits those companies gained. Most of the companies identified were from Canberra, Australia.
For this hour, we were unable to immediately identify specific examples in terms of positive impact on the local economy or job creation for start-ups that worked with incubators, but we were able to find general insights on the positive outcomes of working with an incubator.
In the course of our research, we also came across some insights in terms of the challenges of internationalizing start-ups, as well as insights on the economic importance of incubators (in general), which might also be of interest.
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510 assignments | 5.0