You are here: Home › Home-grown Australian companies go global

Home-grown Australian companies go global

   Aug 09, 2018
Credit : GMI Post

Entrepreneurship in Australia is often characterized as trade-based and locally-focused, such as small construction, plumbing or accounting operations that service their neighborhoods. Unlike those in the United States and Europe, which are generally technology driven and globally oriented.

With IQ Global Group CEO Dr. George Symalis

Australia, however, has a high number of entrepreneurs. Around 17 percent of its population are entrepreneurs, while in the United States and Germany, that percentage is around 10 percent. As more individuals set up their own busines, the Australian government is formulating policies that aim to encourage entrepreneurs to adopt a global mindset.

An Australian company that has adapted such a mindset early on is IQ Global Group. Founded in 2011, IQ Global has attracted much attention for its business model, which aims to promote Australia as a biotechnology hub by providing scientific expertise and linking the sector to the global investment ecosystem.

According to CEO Dr. George Symalis, IQ Global wants to help Australia’s many biotech companies flourish by providing a wide range of services like, IP asset management, medical and clinical research, regulatory and reimbursement strategy, pharmaceutical sales and even investment banking capacities, such as venture capital, structured financial products and fund management.

“We would like to create very specific financial instruments and address the cost of managing disease, and to create more financial instruments that are pertinent to addressing the cost of clinical trials,” Symalis said.

With Austrade Head of Australia's Nation Brand Fiona de Jong

IQ Global Group’s success hinges on its vision to deliver life science research and development to the mainstream and maximize biotechnology companies’ return on investment in order to introduce medical innovation.

Meanwhile, the Australian Trade and Investment Commission or AusTrade wants to replicate that same change in outlook among Australian startups.

“Australians are quite modest people. As a consequence, we think of building our businesses the size of a cricket ball. What we’re trying to do is encourage our companies to be bold, confident and to think big,” said Fiona de Jong, Head of Australia’s Nation Brand at Austrade. 

With JAR Aerospace Co-Founder and CEO Lochie Burke

AusTrade has shifted its efforts from supporting export-ready, small and medium enterprises only to encouraging start-ups that are “born to be global.” It recently established landing pads in five locations around the world and have set up incubation spaces for startups searching for a location to test their products and meet investors.

Another global company setting the pace for Australian businesses is JAR Aerospace. Founded in 2018, the startup is disrupting the Australian aerospace industry through the development and manufacturing of military-standard drones. It hopes that in the long-term, the company will eventually expand into space exploration.

“Defense is a massive focus for JAR and that will be where we will make a solid name for ourselves. Drones are the perfect place for us to start and progress into space. It’s been a dream of ours since starting and even before that – to redefine Australia’s position in the global aerospace industry,” said Co-Founder and CEO Lochie Burke.

REGIONAL

How Tokyo can deal with Trump unilateralism

By Stephen R. Nagy
- via The Japan Times    Sep 24, 2018

Abe needs to highlight how Japan can help the U.S. resolve the region's most pressing issues.

Texas-Japan Summit: Innovating regional relationships

By Irene Hirano Inouye, President of the U.S.-Japan Council
-    Apr 10, 2018

For its second regional summit, the U.S.-Japan Council selected Texas for its venue because the state has remained a leading destination for foreig...

Business opportunities in Latin America for Japanese companies

By Javier A. Mazon
-    Mar 26, 2018

Thanks to Texas' proximity to the emerging markets of Central and South America, several major Japanese companies with significant investments in L...

BUSINESS

Honda Vietnam sees 98% year-on-year increase in car sales in first eight months

via The Japan Times    Sep 21, 2018

Honda Motor Co. is upbeat about its automobile sales in Vietnam after resuming imports that had been suspended following the country’s introd...

It's time to turn manufacturing on its head

By Tony Richards, President and CEO of Impact Dakota
-    Apr 24, 2018

The leader of a major business group in North Dakota has issued a call for government and industries to break away from long-held notions about eco...

An American SME enjoys success in Japan with a start-up distributor

By Doug Taeckens, CEO of Pace Solutions
-    Apr 04, 2018

As Japan is a very complex market, some American companies have found it hard to succeed in the country without a partner that has in-depth knowled...

CULTURE & TRAVEL

Japanese-style hospitality at the heart of Eurasia

By Francis Pacheco
-    Aug 28, 2017

Located at the heart of Kazakhstan's financial and cultural center, Rixos Almaty takes in pride in how its own brand of service and makes sure that...

DEN: The airport of the future has arrived

   Jun 07, 2016

Denver International Airport celebrated a milestone last year with the opening of a Westin hotel connected to its iconic Jeppesen Terminal.

Las Vegas airport gets facelift for the luxury traveler

   Jun 07, 2016

Las Vegas's McCarran International Airport unveiled a multimillion dollar refurbishment aimed at welcoming visitors wanting to experience a revival...

latest special features:

Upcoming Reports from

Malaysia 2018

See Preview »

Global Media Inc. and Foreign Affairs, following their successful 2013 report, return to Malaysia this year to highlight the country's increasing i...

Southeast USA

See Preview »

Global Media Inc. continues its coverage of the United States with its upcoming Special Business Report on Southeast USA, with the team traveling a...

Northern Italy 2018

See Preview »

Global Media Inc. continues its coverage of the European Union with its upcoming Special Business Report on Northern Italy. The report, in partners...

Australia 2018

See Preview »

Global Media Inc. and Foreign Affairs, following the successful 2012 report, return to Australia this year, to highlight the country's increasing i...

Ireland 2018

See Preview »

The Japan Times, in partnership with Global Media Inc., is tentatively set to publish a Special Report on Ireland in October. The report will celeb...

Eastern USA 2018

See Preview »

Stretching from Virginia to Maine, the Mid-Atlantic and New England states were part of the Thirteen Original Colonies that declared independence f...




  • Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

    Our ambition is to highlight under-reported developments and opportunities around the world, and allow leaders in these regions and sectors to take their message to the highest global level. We partner with top media to communicate with the world’s most powerful audiences. We specialize in communication and branding initiatives that help our clients effectively get their messages to their existing and potential partners. We achieve results for our clients by introducing them and their initiatives to an audience of elite international business and government leaders.

    Global Media Inc. is an independent media agency with offices in Hong Kong and Canada. GMI has more than a decade of experience in the writing, researching, and production of promotional country reports, with media partners from East Asia to North America. We have teams worldwide that develop country and thematic reports on the latest economic trends and developments.

    We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

    Nearly a century old, there isn’t a more influential or higher-reaching publication in the United States than Foreign Affairs. The journal is ranked #1 in influence by U.S. opinion leaders in a recent nationwide study conducted by Erdos and Morgan, the premier business-to-business research firm. Their findings place Foreign Affairs ahead of all media, both print and broadcast, including The New York Times, The Wall Street Journal, The Economist, and The Washington Post.

    Testimonials:

    “We were extremely impressed with how efficient, well-coordinated, responsive and reliable the Global Media Inc. team was. We owe them a lot for their professionalism. We were very pleased with the outcome, and the article was very well-written. We hope to have an opportunity to work with Global Media Inc. again in the near future.� – Japan Airport Terminal Co. Ltd.
    “The Global Media team’s professionalism was excellent. Their team was great and always gave us the right suggestions and information. The product was excellent, and we were very happy to have such a great opportunity working with their excellent team.â€� – National Graduate Institute of Policy Studies (GRIPS)
    “We were honored to be chosen as one of the good universities in Japan. This article conveyed Seigakuin University’s educational ideals and the message from President Akudo. The advertisement was conspicuous and gave a good impression that Seigakuin nurtured students to contribute to world peace. We really appreciated what Global Media Inc. had did for us.â€� – Seigakuin University

    Whom we have featured:

    • Australian Prime Minister Julia Gillard
    • Australian Foreign Affairs Minister (and former Prime Minister) Kevin Rudd
    • Japanese Prime Minister Shinzo Abe
    • Qatari Minister of International Trade and Industry Dato’ Sri Mustapa bin Mohamed
    • Japanese Minister of Education, Culture, Sports, Science and Technology Yoshiaki Takaki
    • Taiwanese Foreign Minister Yang Chin-Tien
    • Taiwanese Finance Minister Lee Sush-Der
    • Taiwanese Economic Affairs Minister Shih Yen-Shiang
    • Taiwanese National Science Council Minister Lee Lou-Chuang,
    • Taiwanese Deputy Minister of Transport and Communications Yeh Kuang-Shih
    • Taiwanese Political Deputy Minister of Education Dr. Lin Tsong-Ming
    • Indonesian Ambassador to the United States Dr. Dino Patti Djalal
    • Indonesian Investment Coordinating Board Chairman Gita Wirjawan
    • Philippine President Benigno S. Aquino III
    • Philippine Senate President Juan Ponce Enrile