A NEW YEAR is just around the corner, and with it comes the potential for savvy entrepreneurs to capitalise on a world of opportunity.

Tech and startup industries are on a sharp rise in Australia, sectors which have matured exponentially throughout 2017.

In this 2018 wishlist, Business News Australia shares insight from many of the country’s seasoned entrepreneurs who have built successful businesses in these sectors, from ASX-listed giants to agile startups.

These entrepreneurs reveal what developments they wish to see, what trends will be set and what lessons can be learned in these industries throughout 2018.

STEVE BAXTER | Queensland Chief Entrepreneur, River City Labs founder and Shark Tank ‘shark’

What do you see as the top emerging trends?
You obviously can’t ignore crypto-currency and blockchain, but I look at people and problems. Blockchain is a great way to solve some problems and it’s a terrible way to solve other problems, and it’s being applied to almost every bloody problem at the moment.

So, if I was to say any technology in particular, or rather a group of technologies known as artificial intelligence; A.I. To me these are the more important things.

Also, the revolutions in personal transportation, especially aerial transportation. I think we’re going to see a lot more happening in the flying vehicle space. You only have to google it, people are doing it, it’s out there and actually working. I’d definitely say artificial intelligence and personal airborne transportation are two trends

If you had to pick one thing you’d like to see more of next year, what would it be?
We need more people starting businesses it’s all about encouraging more people to start a business or a startup, and take their future into their own hands. It’s more of the same we have been doing over the last few years.

What are the big lessons to take away from 2017?
I think in Australia there has been a maturing in the capital space which is interesting, we’ve seen smarter money coming into the scene backing entrepreneurs who are winning, which is good. One of the biggest developments there is more and cleverer money, which is excellent.

To me it’s about needing to see more capital and smarter capital. The other thing when talking about winners is exits. We saw a great exit with Aconex in Oracle, and we need one of those every couple of months. That will be fantastic.


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