BBY Launches “Disruptive Technology” Lunch Series

BBY Launches “Disruptive Technology” Lunch Series

BBY is thrilled to announce the official launch of the Disruptive Lunch Series featuring speakers from “Disruptive Technology” companies. The Disruptive Lunch Series link institutional investors and high net worth advisors with what it calls “the best and brightest” of emerging technology companies.

The objective of this series is to educate investors on the latest technological advances and their potential impacts on both listed and un-listed companies, as well as on industry sectors more broadly. BBY Executive Chairman, Glenn Rosewall comments “There is so much innovation and creativity within tech companies that is yet to be put to work meaning that a lot of the time, these companies are yet to realise their potential in capital markets. There are plenty of Australian companies that have more than enough aptitude to make it to the forefront of the tech-world and BBY is committed to supporting these companies and helping them make it to the top.”

BBY Director, Corporate Finance, Nick Dacres-Mannings is the coordinator of the Disruptive Technology lunch series that will be helping expose some of Australia’s most innovative technology companies. Nick Dacres-Mannings comments “What is particularly exciting about this lunch series is the variety of different companies that we have lined up to present, all of which are in various stages of development. There is so much diversification within the Technology sector in terms of what each company has to offer. The Disruptive Lunch series is giving these companies the opportunity to showcase their solutions to a wealth of investors and Australia’s leading funds managers.”

On Thursday 5 June, BBY kick-started this exciting new lunch series by showcasing four “disruptive” technology companies at its Head Office in Sydney. Presenters from each company spoke about their key business initiatives and explained how their innovation is “disrupting” the status quo within the tech sector. Speakers concluded their presentation with an outlook of their company’s future and how they intend on further implementing their business plans. Presenters included:
¨ Car Next Door – a peer-to-peer car sharing company that is addressing the issue of how to extract value from underutilised cars.

¨ Jayride – an online platform for planning and booking passenger trips. Customers can type in where they want to go and Jayride provides all transport options from A to B (i.e. Airport shuttles, Private transfers, Relocation cars, Rideshares, etc).

¨ Snaploader – an application that matches a photograph taking by the user, to an image that is stored in the Snaploader database. This “Shazaam for images” app allows the user to interrogate the image, seek more information, find the product online available for purchase or share the experience using social media.

¨ WattCost – a wireless meter reading device that determines power usage down to the appliance level. WattCost uses an app to alert the user in real-time of power usage. The app also suggests cost savings that could arise if for example; an energy inefficient device was replaced, or if you switched to a different energy provider that would be better tailored to your energy consumption.

BBY is proud to report the launch has been a tremendous success and the reaction to the series has been universally positive. Below are the opinions of the presenters.

WattCost Chief Executive Officer, David Soutar said “the lunch showed the coming of age of technology amongst institutional investors. Whilst previously companies such as those presenting might have struggled to gain an audience, the level of debate and quality of questions being asked was indicative that technology investment is now mainstream.”

Jayride Chief Executive Officer, Rod Bishop also echoed this view on the series; “the fact that it was a full house including 18 of Australia’s leading funds managers attending showed me that the often quoted ‘shortage of capital’ is not true. There is real and genuine interest from investors in what we are doing.”

Car Next Door Chief Executive Officer, Will Davies was surprised to be challenged to go further and faster; “emerging technology companies need to realise that there are alternatives to angels and venture capital. The listed sector is watching what we do and, at the appropriate time, are prepared to fund our growth.”

The next Disruptive lunch which will be held on Thursday 19 June 2014. Don’t miss out! RSVP now to Lizzie Doyle at lmd@bby.com.au

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