Techboard Startup Ranking #16

For the period ending 27 April 2016

Curtin University is behind two of Techboard’s top three ranked companies this fortnight, with Nuheara and ePAT ranked first and third respectively. They are also both finalists of WAITTA’s 2016 Incite Awards, which celebrate WA innovation.

Listed wearables startup Nuheara is one week away from completing a successful crowd-funding campaign on Indiegogo, having made US$450k of pre-sales of their IQbuds in two weeks. Their share price increased over 50% last week. The intelligent listening device technology was developed in partnership with Curtin University, though with the IP owned by Nuheara.

Storage marketplace Storekat remains in second position for the second fortnight running, picking up yet more nominations from our Panel of Experts, good local and national press coverage and strong social media engagement. It’s been a busy fortnight for co-founder Kevin Forcier and the Storekat team, who are currently in the US:

“Over the last few days we have been at the the Inside Self Storage World Expo 2016 in Las Vegas. At the expo we have been actively approached by both some of the biggest facility operators in the world. We feel strongly about our place in the industry, and feel validated that we are tracking along the right path since this huge event. Tomorrow we are off to Denver, San Francisco and London for more meetings and then back to Australia. We are also pitching to Google in the next couple of weeks to represent the Curtin Accelerate Alumni, so wish us luck!”

Here is a taster of the top 100 in Techboard’s latest startup ranking for the period ending 27 April 2016.

RankCompanyChgBest Rank
1Nuheara↑142
2StoreKat-2
3ePAT↑25
4ResApp Health↑1321
5XTV↑1876
6Bombora Wave Power↑2653
7MMJ PhytoTech↑567555
8Rent.com.au↑45
9Carnegie Wave Energy↑1701
10Covocate↓ 337

Sign up/Log in to see the full ranking… yes we are now publishing the full ranking of all WA companies on Techboard.

HealthTech app ePAT, which uses facial recognition technology to diagnose pain, rounds out the top three, having won a spot on CSIRO’s innovation program On Accelerator. The technology was also developed at Curtin University, which is a major shareholder in the company. Another shareholder is listed software development company Applabs, which is also a major shareholder in fifth-ranked xTV.

As part of the continuous improvement of Techboard’s startup ranking, two new metrics have been introduced this fortnight, with employee growth (as recorded on LinkedIn) and ASX price growth now being captured. The weighting assigned to ASX price growth is low, in order not to unduly preference listed companies as compared to unlisted startups, but we are excited by the continued expansion of inputs being captured as these lend ever more credibility to the ranking.

Listed healthtech ResApp Health is ranked fourth, with its announcement of a $12.5m funding round widely covered in the national press.

Listed media company xTV completes the top five, with a tripling of its share price following the announcement of a $120m deal with AT&T to deliver 2,500 3DCloudTVs. xTV counts Applabs as a major shareholder, as does top ranked ePAT.

How the Startup Ranking Works?

Who is on the Techboard Panel of Experts?

Check out the Archives:

Ranking #12 from 2 March 2016

Ranking #13 from 16 March 2016

Ranking #14 from 30 March 2016

Ranking #15 from 14 April 2016