What is the 30under30?
30under30 is an Anthill initiative launched in early 2008 to encourage and promote entrepreneurship among young Australians.
Each year, we invite our readers to nominate young Australian entrepreneurs deserving of recognition for their outstanding entrepreneurial endeavours. More.
Lily Wu, NSW (b. 1994) and Jamie Lee (b. 1988)
Name: Lily Wu, Jamie Lee
Age: Lily Wu, 21 (Born: July 1994) and Jamie Lee, 26 (b. August 1988)
Known for: Austern International
Anticipating the advent of the Asian Century, Austern International‘s aim is to bridge the gap between the East and West. The company does this by holding a three week travel experiential learning programs that allows students to connect with local mentors, hang out with like-minded students and participate in activities such as pitching, networking, strategic problem solving and volunteering at charity events.
Austern International’s stated mission: to create life-changing opportunities so that Australia’s young people have an opportunity to build thriving businesses that will serve as a bridge between Asia and Australia.
If that were not impressive (and ambitious) enough as it is, all the more striking is the fact that Austern International was founded by Lily Wu along with Co-Founder Jamie Lee, just last year, when Lily was just 19.
Lily, now 21, recently told Anthill Online, “Having founded Austern at 19, I didn’t let age or inexperience hold me back. I am a risk taker and I love rising to the challenge. I’ve found that the most memorable experiences come from making mistakes and greater opportunities can arise because of them. After all, they also make great stories. I’m entrepreneurial because I’m not afraid of failure.”
Austern International started with close to zero capital.
“All I had in my bank account were a few hundred dollars which I used to set up a business name and a website domain. After 8 months, we have generated over $167,000 in revenue and a third in profit,” added Lily.
The company was also awarded the AMP Tomorrowmaker Award and $10,000 in December 2014, out of 5,600 other contestants.
Now, Anthill is pleased to announce Lily Wu and Jamie, 2015 30under30 winners.
Anthill asks: Lily Wu, what’s your favourite quote?
‘The future is something which everyone reaches at the rate of sixty minutes an hour, whatever he does, whoever he is.’ ~ C.S Lewis.
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