Episode Summary:
Bruce Tulloch is the co-founder and managing director of BitScope Designs, which creates IOT (Internet of Things) and cloud computing tools for industrial and educational use. Bruce is also chair of The Studio Limited, Australia’s first media tech incubator based at the Sydney Startup Hub. And as if that wasn’t enough to keep him busy, Bruce is also Director of New Technologies at JetPack Aviation, which was the first company to develop a working jet pack which was flown around the Statue of Liberty in New York in 2015. In his conversation with Adam, Bruce discusses the origins of The Studio Limited, as well as what Bruce sees as some of the key challenges that the Australian startup ecosystem faces.
Chapters:
00:00 Introduction to Day One Podcast
00:24 Meet Bruce Tulloch
00:43 Overview of Bitscope Designs and Jetpack Aviation
01:25 Bruce's Early Career with Fairlight
02:53 Involvement with the Studio Limited
04:25 Growth of the Studio and Impact on Startups
05:34 Bruce's Entry into the Startup Ecosystem
06:14 Importance of Raspberry Pi in Education
07:44 Changes in the Startup Landscape from 2010
10:22 Experience with Venture Capital
12:13 Building Relationships in the Ecosystem
15:29 Challenges Facing the Startup Ecosystem
18:12 Hardware vs. Software Startups
19:29 Advantages of the Australian Startup Ecosystem
21:04 Unpopular Opinions about the Ecosystem
23:17 Recommendations for Government Support
24:26 Key Developments in the Early Years
25:32 Advice for New Entrepreneurs
27:57 Closing Thoughts on the Future of Startups
