Summer 2020 Update

In this update, we first explore the depth of connections between the Victorian and US entrepreneur and startup communities, followed by a Latin America update – a region that continues to offer diversification and growth opportunities for Victorian businesses.

North America

The United States (US) is Victoria’s second largest two-way merchandise trade partner, and a key target market for many Victorian exporters. In this update, we focus on the depth of connections that exist between the Victorian and US entrepreneur and startup communities.

37 Degreees Latitude podcast

As highlighted in the new podcast 37 Degrees Latitude hosted by U.S.Consul General to Melbourne Mike Kleine, "if geography is destiny, there must be something special about 37 degrees latitude."

At 37˚S, you’ll find Melbourne, Australia. At 37˚N, you’ll find Silicon Valley. In this podcast, you can learn how some of Victoria’s most successful founders scaled their startups to the United States.

Listen to the podcast

Entrepreneurship, innovation and the depths of connections between the Australian and Silicon Valley/Bay Area relationship is highlighted in The Bay Area-Silicon Valley and Australia An Expanding Trans-Pacific Partnership report released in December 2020 (released  by The Bay Area Economic Council in partnership with AmCham Australia).

Supporting women entrepreneurs

The Victorian Government announced in December 2020 funding aimed at boosting the number of women startup founders in Victoria. Funding will be delivered through LaunchVic for two entrepreneurship programs (programs by SBE Australia and Atto Accelerator). (Learn more about Atto’s Founder Kate Kendall in Episode 2 of the 37 Degrees Latitude podcast).

The Global Victoria Women (GVw) Female Business Leader in 2020 virtual seminar in December featured two Australian entrepreneurs originally from the US: Hawaiian born Jeanette Cheah, Founder and CEO, Hacker Exchange and Californian born Julie Hirsch, Co-Founder and COO, Eloments Natural Vitamin Tea.

Looking for business opportunities with the US?

If you're a Victorian startup looking to export, Global Victoria can help your business grow in international markets.

For more information on exporting to the Americas, and to connect in with our in-market teams in the US, contact our regional specialist, Pamela Wearing by sending her an email.

Latin America

Diversify your growth

Latin America continues to offer diversification and growth opportunities for Victorian businesses.

Mining and mining technology

Latin America is a traditional mining and resources market, and a growing number of Victorian mining, engineering, technology and services (METS) companies are securing business opportunities in the region. Mineral output in key Latin American countries has remained strong. Chile and Peru have deemed their mining industries strategic for economic recovery and with copper prices increasing, it is expected the sector will reactivate faster than projected.

During the last quarter of 2020, a carefully selected group of Victorian METS companies were invited to join the LATAM METS Virtual Acceleration Business Program, run by the Victorian Government Trade and Investment (VGTI) office in Santiago. Part of the cohort was invited to pitch their solutions to some of Chile’s major mining companies, including Antofagasta Mineral’s Minera Los Pelambres and Lumina Copper’s Caserones. Significant opportunities were identified for environmental monitoring technologies, level and flow measurement technologies, and efficient mineral processing capabilities.

Opportunities in Latin America were highlighted at the International Mining and Resources Conference (IMARC) online conference in November, including the following sessions moderated by Natalia Gorrono – Victoria’s Acting Head of Post, Latin America, and Pablo Schatz – Victoria’s Trade and Investment Director in Latin America:

Education and EdTech

After facing extraordinary educational challenges in 2020, an emerging sector of opportunity in Latin America is education technology (EdTech).

The LATAM EdTech Scoping Program 2020 held in December was organised by the VGTI in Santiago in partnership with EdLatam Alliance; Endeavor (the largest network of entrepreneurs in the Americas); and HolonIQ, (which launched the top 100 LATAM EdTech companies earlier in 2020, and more recently, the top 50 Australian list). Eight Victorian EdTech companies had the opportunity to showcase their technologies in front of key decision makers in the K12, higher education and corporate training sector in Latin America.

Watch the full webinar

There are significant opportunities for Victorian VET providers to develop partnerships in Latin America to respond to upskilling needs and plans through online programs. Most recently, TAFE Chisholm announced a new partnership with ALATA in Ecuador in November 2020 to deploy short courses for students and professionals.

Innovation and the digital economy

Broadly, there are opportunities for companies offering innovative technology solutions, with an emphasis on solutions delivering efficiency and productivity benefits. Our team in Santiago is working together with partners to connect Victorian companies that can solve specific industry challenges – whether these are relate to agriculture, energy, water management, mining, financial services, education or other industries.

Looking to do business with Latin America?

Reach out to Pamela Wearing, our regional specialist of the Americas to find out more on upcoming Global Victoria activities and how we can support your business to diversify and grow in Latin America.

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