How getting fired inspired this man to build a $100m app; The hard truth about startups in Australia; Time to turn your business into a company?

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Dear StartupSmart reader, How getting fired inspired Invoice2go founder Chris Strode to build a $100m app for SMEs. Startups are a bit of a “thing” in Australia right now, but, here’s one entrepreneur's “hard truths about startups in Australia”. Why this early stage Australian startup decided they were better off moving to Poland. Australian time-lapse photography app Project Tripod is representing Australia at Creative Business Cup, a global event for creative entrepreneurs, after winning at Australia’s Creative3 forum. The Asia-Pacific region is likely to be an early adopter for the internet of things (IoT), creating opportunities for Australian startups, according to Akamai president of products and development Rick McConnell. The founder of the Health Tech Innovation Queensland Meetup has called for the creation of a national heath tech ecosystem, as interest in health-related startups booms in both Melbourne and Brisbane. Is it time to turn your business into a company? Here’s a roundup of some of last week’s best of the web, including the story of WeWork, which now controls $US19.6 billion worth of office space in the United States. We’re currently running a survey to find out a bit more about our readers. There’s an iPad up to be won, should you fill it in. Bronwen Clune, Editor The hard truth about startups in Australia by Michael Mehmet Startups are a bit of a thing in Australia right now. You probably know or have heard of someone who has recently become involved with a startup – or may even be that person, yourself. VIEW ALL NEWS

Time for a national health tech ecosystem, says Queensland Health Tech Innovation group founder by Andrew Sadauskas The founder of the Health Tech Innovation Queensland Meetup has called for the creation of a national heath tech ecosystem, as interest in health-related startups booms in both Melbourne and Brisbane. gfs Asia-Pacific region could lead the way on IoT, says Akamai by Andrew Sadauskas The Asia-Pacific region is likely to be an early adopter for the internet of things, creating opportunities for Australian startups, according to Akamai president of products and development Rick McConnell. Australian app Project Tripod named as finalist in Denmark’s Creative Business Cup by Andrew Sadauskas Australian time-lapse photography app Project Tripod is representing Australia at Creative Business Cup, a global event for creative entrepreneurs, after winning at Australia’s Creative3 forum. Why this early-stage Aussie startup decided to jump ship and move to Poland by Broede Carmody Ever thought of leaving Australia behind and moving to another country?

THE NEWS WRAP: Anonymous messaging app Yik Yak raises $75 million in funding by Kye White Yik Yak, an anonymous messaging platform targeting US college students, is closing in on $75 million ($A85.4m) in new financing. READ MORE Case study: How Westpac Group is using startup thinking to reshape its business Brought to you by Sensis In a bid to shrug off its corporate image, the organisation turned to the startup world for ideas on how to adopt a more agile and entrepreneurial attitude. READ MORE Inside the phenomenal rise of WeWork; Jessica Alba, the $1 billion entrepreneur; Financial crisis looms if politics curbs the G20: Best of the Web by Cara Waters It might be an “upstart” that wants in on the office rental game, but WeWork now controls $US19.6 billion worth of office space in the United States. READ MORE How getting fired inspired Invoice2go founder Chris Strode to build a $100m app for SMEs by Kirsten Robb Getting sacked from a good job at a major bank for being too drunk at the company cocktail party would be enough to halt – or at least impede – the career ambitions of most young software developers. READ MORE Is it time to turn your business into a company? by James Solomon   When your business grows and starts taking on several employees and doing bigger deals, it could be time to turn into a company. But it’s a very big step. READ MORE