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I think it's hard to find funding because all wealthy people in Australia made their wealth in mining. If you want to open a coal mine in the middle of the Outback, you will find investors easily - Just show them the report on soil composition; they'll get it instantly. If you want to start a tech company; good luck.

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Not to mention that the current federal government is pretty hostile to tech- and research-based industries.

They seem to be hostile to reality.

This is similar to the complaint you hear from startups in Hong Kong: it's hard to find funding because all wealthy people in Hong Kong made their wealth in real estate.

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