"Asia Recon is a tour for Australian tech leaders to three of Asia’s most exciting tech hubs: Singapore, Shanghai and Beijing. Like a real reconnaissance mission, the goal is to take the best representatives from Australia, to visit Asia and bring back new insights, ideas and relationships for the future benefit of Australia," said Lim.
"More importantly, they will meet local high profile entrepreneurs, investors, accelerator managers and their advisors who will share deep experience and insight about doing business in Asia".
Partners that have already confirmed to be part of the tour include Innovation Works, the most prestigious incubator in China, App Annie (raised $55 million in January), Blk 47 (backed by Singapore government), and a US$500 million investment fund.
The idea for this tour came about after Lim returned home to Sydney last year and gave some presentations about China's tech startup ecosystem at places like Fishburners and BlueChilli. After seeing the strong sense of curiosity about Asia and realising there was a deep knowledge gap about it, particularly from an Australian perspective, Lim decided to do something to bridge that gap so Australian startups would become aware of the abundance of opportunities awaiting them across Asia.
"As an indicator of size, in terms of venture capital funds invested in 2013, there was US$3.46 Billion into Chinese startups, US$1.71 Billion into Singaporean startups and just US$490 Million into Australian startups. China’s largest tech company is worth well over US$100 Billion and Australia’s is less than US$10 Billion" said Lim.
"With the recently signed Free Trade Agreement with China as well as Australia’s mining slowdown, it is now a perfect time for Australian entrepreneurs, investors and their advisors to take full advantage of the tech boom in the region. With deep capital, human talent, and market size, Asia offers amazing opportunities".
If all goes well, Asia Recon will expand its tour offering to Taiwan, Hong Kong, Japan, Korea and India as well as other emerging tech hubs in Asia over the next 12 months.
Applications are now open for interested entrepreneurs, investors and corporates that are interested in taking part in the event until March 30th here.