Bright ideas need money


What did we do?

Innovations don’t just happen. Bright ideas need planning, organisation and money – lots of money.

Client Luke Williams of Solar Development Pty Ltd is considered to be one of the founding fathers of the Australian solar industry.

He has a world patent on PV Stop, the first-ever product to quickly safely deactivate solar panels and he’s ready to go to market with it.

Since becoming a Moore Stephens New South Wales’ client, working with Adam Dyson, he’s been able to get on with what he does brilliantly well – designing renewable energy solutions – secure in the knowledge that his financials are in order.

The challenge

Luke’s immediate need was money and the reticence of Australian investors to take a punt on innovations.

“You could reinvent the wheel and be unable to get it to sell if you don’t have the money or some idea of marketing,” he said.

Luke had extended his personal finances to develop PV Stop. A global market launch would require millions more. But it wasn’t just money that was holding Luke back.

“We didn’t have the processes and plans in place from a business perspective. I’m technical, an ideas person, not an accountant.”

Our approach

At Moore Stephens New South Wales, we believe in getting to know our client. That doesn’t simply mean putting a name to a face. We get to clients really well. We learn what makes them tick.

“I wish I’d found Adam and Moore Stephens New South Wales earlier,” says Luke Williams. “Adam is helpful, and genuinely interested in what I want to achieve.”

We helped Luke choose a business structure that would provide asset protection along with tax advantages.

During this process, Adam ensured all financials were current and well-presented. This assisted Luke in securing some grant monies. It also has proved to have positive implications for finding investors and getting support from banks.

The results

“I’m hoping to take off to a desert island and drink Pina coladas,” quips PV Stop inventor Luke Williams, one of the founding fathers of Australia’s solar industry. “Truthfully, market success will enable reinvestment to continue so that I can pursue further innovations in solar safety.”

Combined with the federal government’s proposed innovation incentive and Moore Stephens New South Wales, innovators like Luke may be one step closer to the dream. Contact Adam Dyson and his team on +61 2 8745 3433 and grow the possibility.