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ACS Week in Review: 15 August 2014

Friday, 15 Aug 2014

How to disrupt yourself – Ajay Bhatia in the CXO Challenge

Former Fairfax exec Ajay Bhatia has seen first-hand the consequences of clinging to an outdated business model - and isn’t going to let it happen on his watch at carsales.com.au.

A former technical trainer and project manager, Ajay Bhatia learned about digital disruption the hard way as an employee of F2, the online arm of the Fairfax newspaper empire set up with $100m of funding in 1999.

Bhatia’s first job was to rebuild the drive.com.au website. It was a dream job, in many respects - the job satisfaction that came from building tools for mass media consumption was “amazing”, he said.

Standing on a burning platform – Andrew Walduck in the CXO Challenge

Andrew Walduck is so driven he has developed an almost perverse attraction to taking on tasks most of us would think impossible.

“I love solving difficult problems,” says the Australia Post CIO, recalling one of his first jobs in the tech sector, which required him to promote the adoption of RFID a good decade before it hit the mainstream.

Today Walduck is leading the build of a digital capability in possibly the most critically disrupted industry there is - postage services.

Incubator nurtures likely achievers

MORE than 100 start-ups are expected to benefit from a new $10 million early-stage investment fund in the next five years.

The fund is a joint initiative of the ilab incubator, which operates as a division of the University of Queensland’s commercialisation arm UniQuest, and Artesian Capital Management.

UniQuest chief executive Dean Moss said start-ups across the state would benefit from the new fund, which was expected to begin operating this year.

“Artesian provide the necessary capital to de-risk at that early stage, that initial market exposure, and that is the most critical stage for these entrepreneurs,’’ Dr Moss said.