‘Find your niche’: The hard lessons of building tech companies

Ask many experienced start-up sector old hands what the most frustrating aspect of working in the local innovation industry is, and they will point to the country’s universities and lament the lack of big companies resulting from big ideas.

Professor Alan Wong is trying to shift that perception, and is starting to see strong results at RMIT spinout IND Technology. The company makes an early fault detection system, used by power infrastructure asset owners, that uses Internet of Things sensors and machine learning to spot when things are going wrong.