Haymarket HQ Square Table is a regular, informal and fun get-together at Australia’s first Asia-focused startup hub located in Chinatown. Listen to entrepreneurs open up about their setbacks, learnings and experiences starting up in Asia.
This week’s topic: running a cross-border education startup/company in China, the pros and cons of accelerator programs, closing VC capital, challenges and lessons learnt selling to China’s booming education sector.
This week's speaker: Jemma Xu from Tripalocal
Jemma is the CEO and cofounder of Tripalocal, a startup that graduated from the Telstra Muru-D accelerator program and that closed an angel round of A$850,000 in 2015 led by Chinese VCs. Now headquartered in Beijing, she recently decided to focus the company’s efforts on targeting a new market segment: cross-border educational tourism to connect Chinese schools and students to unique educational experiences in English speaking countries, often hosted by our international university partners.
But as Jemma will share, there is no sure-fire way to success and it often involves making difficult decisions. Jemma will share the challenges she faced and her journey from co-founding Tripalocal to relocating to Beijing and growing her company in China.
This week's interviewer: Martin Beeche – CEO and Co-Founder of Prosper
Martin is an entrepreneur seeking to improve the way children access and experience education around the world. In 2014 he co-founded Global English (now called Prosper) on the belief that all children have the right to an academically rigourous, supportive, creative and fun experience in education.
Prosper has recently created King’s School, an engaging virtual 3D language learning platform targeting China. Prior to founding Prosper, Martin had a successful, 14 year, global career in investment banking, where he built a number of businesses within Credit Suisse.
Martin was a founding member and sits on the board of EduGrowth, Australia’s national acceleration network for high growth, scalable, borderless education.
Martin will lead a discussion with Jemma regarding:
• The story behind Tripalocal and why the focus on China
• Closing capital in China: The good, the bad and the ugly of raising a seed round
• War stories in doing business in different regions of China beyond Tier 1 cities
• Challenges encountered in China and why Tripalocal’s current focus is on education tourism
• Lessons learnt in selling into and through government school/VET/university channels
• What foreign startups, especially education, could do to enter the China market
The format: one speaker, one interviewer (or as we like to call them: grillers), a few drinks and a lively discussion where everyone can join in.
SPONSORED BY EDUGROWTH
EduGrowth is Australia's national acceleration network for scalable, borderless education.
We are a national not-for-profit organisation, run for the benefit of our members all across Australia. We are focused on accelerating the next generation of international education for Australia, around the world.
EduGrowth is a truly national network, connecting Higher Education, K-12, VET, early childhood learning, and industry, represented in capital cities and regional hubs, with outbound missions across the world and inbound events attracting global investors and partners.
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