.Australian start-ups have a sturdy credibility overseas for being actually exceptionally financing dependable-- a simple fact that is actually more and more valued by global clients as the hangover coming from the era of easy money persists." Growth at all costs" is no more the catchcry of Silicon Valley, which is actually adjusting to market circumstances that Australian startups have needed to endure for a long times, where financing has actually not flowed as openly.
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Jayme Kwek, money at Singapore-based Prosus Ventures, told Capital Quick earlier recently that the fund is actually proactively keeping track of the Australian market for startup assets options. He highlighted customer as well as deep tech as pair of areas of interest.But Kwek is actually not the exception in his sentence, specifically in the areas that have caught his attention. Australian deep tech-- a market that has typically discovered it harder to get local backing as a result of the high expenses usually required to get going-- is emerging as a crowd favourite among offshore VCs.