[Music starts. The opening title page shows a blue panel with the Australian Government, Department of Industry, Science and Resources crest and logo appear in stack format. The panel also shows the video title and subtitle: Myriota, Right Click Capital, Venture Capital Case Study Series.
A video appears of Nicole Russo seated inside an office. She is speaking to the camera. Her full name, occupation and company name appear at the lower left-hand side of the screen. It states:
VP of Commercial Operations]
Nicole Russo: My name is Nicole Russo. I am the VP of Commercial Operations here at Myriota.
[The video cuts to Benjamin Chong, seated inside another office. He is speaking to the camera. His full name, occupation and company name appear at the lower left-hand side of the screen. It states:
Benjamin Chong: I’m Benjamin Chong. I’m a partner at Right Click Capital.
[The video shifts to Nicole Russo seated in an office, while she is speaking to the camera.]
Nicole Russo: Myriota exists to provide critical data anywhere its required. So the impact that the company can have to the world is access to data that changes the way people are able to use, and make use of, our critical resources.
[As Nicole speaks, a model satellite is shown, which is an orange rectangular prism with antennae, to show an example of where the new technology may be applied. A scene of the earth spinning on its axis appears with a satellite focusing on one specific point in North America].
[A scene of a farm appears with icons appearing labelled as “Tank Monitoring”, “Water Quality Monitoring” and “Trough Monitoring”.]
[The camera cuts to Benjamin Chong seated in an office as he speaks to the camera.]
Benjamin Chong: The tax concessions in the program has made venture capital more attractive, largely for investors who may not have had exposure or experience in venture capital before. So by giving them access to a tax offset and giving them access also to favourable capital gains treatment, its meant that we’ve been able to attract more money and that’s allowed us to make more investments in more companies that are hopefully going to create more employment and also great returns, not only for investors but for the economy at large.
[The camera changes to show Nicole Russo. She is speaking to the camera. The video shows a Myriota sub-system. It is a white plastic dome with a spire and black wires on one side, surrounded by plants. The video then cuts back to Nicole Russo speaking.]
Nicole Russo: Venture capital with a high tolerance for risk and for long term investment is really critical to enable us to make it past the chasm and into, you know, commercial viability. So, satellite technology is expensive, telecommunications is a really difficult space to work in and is occupied by really well-funded incumbents. So, to overcome those, and break into that industry, venture capital is critical to help us reach our goals.
[Video ends with a final blue panel showing the Australian Government, Department of Industry, Science and Resources crest and logo in stack format at the top left of the screen.
This URL also appears at the bottom left: business.gov.au/grants-and-programs/venture-capital.]
