It may be down to distance, but even nowadays, Australia is not usually known for producing big name start-up companies, even though it is a home for some of the greatest ideas. But as the web helps globalisation accelerate, ideas that develop in Australia can now mature there too.
Angel investment, which is where a private investor provides funding for your business idea, was previously more common in the US and European markets. However, many global networks have been developed and realised that these opportunities exist in countries all over the world. Global sites like Australia's branch of the Angel Investment Network help local entrepreneurs connect with potential investors both in Australia and abroad.
As a result, the key factor may no longer be location, but in fact the actual concept. This means that Australian entrepreneurs and businesses will find it easier to push their ideas forward, whether they are an improvement on an existing business model or a unique innovation set to capture a niche market.
Many of the biggest start-ups in the offline and online world started up from angel investment, and nowadays, thanks to technology, you don't even have to live in one of the major financial hubs of the world in order to generate interest from potential investors.
The Australian Investment Network provides a platform for business entrepreneurs to generate capital and for investors to find investment opportunities. Most of the communication is done online which gives investors the chance to invest in businesses - regardless of where the business is based, and allows entrepreneurs to raise venture capital and funding not just from potential angel investors in Australia but anywhere in the world.
Mike Lebus works with entrepreneurs seeking investments, via the Angel Investment Network , which has since expanded into a worldwide network of websites that help angel investors connect to business entrepreneurs in Australia and around the world.