FTA draws UK tech to Aus

The forthcoming Australia-United Kingdom Free Trade Agreement (Aus-UK FTA) has attracted a huge influx of British technology companies, with post-Brexit Britain keen to capitalise on a strengthened relationship.

Facilitator Tech Nation is working with the UK Government’s Department for International Trade (DIT) on the Digital Trade Network between the two countries — an initiative that aims to assist British tech companies with access, trade and investment opportunities, and forging new international partnerships in Australia.

Tech Nation has helped 25 companies with their expansion into Australia over the past 18 months, with a fresh delegation of 10 companies landing in Australia this week.

“The demand by the UK tech sector to explore opportunities in Australia is very strong. We have engaged with over 300 scale-ups who are interested in expanding Down Under, and this is on top of the 25 who we have already supported with their growth in Australia,” said Sam Evans, Director of International at Tech Nation.

“British companies are attracted by the common values, culture and language; access to Asia; and strong federal and state government support for technology and innovation. This is fantastic for both the Australian and British markets.”

The 10 companies arriving in Australia this week include:

• Hammock — a property finance platform that helps landlords save time and money. They provide banking, bookkeeping, tax statement and business intelligence services for the property sector.
• Topolytics — a data aggregation and analytics business that makes the world’s waste visible, verifiable and valuable. Topolytics’ WasteMap is a data analytics platform that ingests, processes and normalises data on waste movements, sites and companies, and generates insights for waste producers, recyclers, investors and governments.
• Wombat — a consumer investment platform making investing accessible and enjoyable, by building products that smash down the barriers to the stock market.
• Versed.ai — an AI that helps companies monitor, manage and mitigate their supply chain risks with AI-powered supply chain visibility and transparency.
• Recap — a solution for crypto taxes. It helps users calculate crypto taxes in a simple-to-use, privacy-focused app. Recap’s users can easily track all their crypto assets in one place and automatically calculate their crypto tax position.
• DDM Health — an AI-led, data-driven population health solution that empowers patients to achieve their health goals. DDM works with global partners within health care, insurance and diagnostics to engage populations and improve clinical health outcomes, leading to reduced costs for the healthcare system.
• Avvoka — a document automation, negotiation and analytics tool designed to help law firms, in-house legal teams and businesses draft documents, negotiate them and leverage data insights from that process to draft better documents, and get to ‘yes’ faster.
• IGS (Intelligent Growth Solutions) — a multi-award-winning international agritech innovator delivering vertical farming solutions to customers across the world. The approach and technological design are based upon a culture of continuous innovation, a refusal to accept conventional thinking and brilliant, simple design.  
• Authenticate — a company that helps businesses to create more transparent, sustainable and resilient supply chains through collaborative supplier engagement. By leveraging the power of its software solution, the company delivers innovation and value to pioneering businesses by increasing efficiencies and mitigating risk whilst striving for a sustainable world, fit for the future.
• Moneyhub — a group of developers, financial experts and optimists who share a vision for improving the financial wellness of people, their businesses and their communities.
   

Image credit: iStock.com/AlexLMX