The Briefing Room

Beaten Zone Venture Partners

Inside The Briefing Room, an Australian venture capital podcast dedicated to Defence, Sovereign Capability and National Security Innovation. Hosted by Peta Ellis, General Manager of Beaten Zone Venture Partners, and other members of the BZV team, each episode takes you behind the scenes with founders, veterans, investors, and operators who are key players in the Global Defence ecosystem that is building and supporting the future of Defence Innovation and Sovereign capability. From battlefield innovation to boardroom execution, we uncover how ideas move from concept to capability, and what it really takes to build and fund critical technology in one of the world’s most complex sectors. Real conversations with Defence founders and venture investors Insights on early-stage capital, capability, and collaboration Stories from Australia’s growing sovereign tech ecosystem This is not theory. It’s the reality of building companies that keep Australia in the fight. Subscribe to stay briefed. Beaten Zone Venture Partners | beatenzone.vc GENERAL PRODUCT ADVICE/MARKETING DISCLAIMER (Fund)  Beaten Zone Investment Manager Pty Ltd ACN 667 064 208 and Beaten Zone Management Partnership 1, LP (The Beaten Zone Group) are corporate authorised representative’s (CAR) (CAR Numbers 1303229 and 1303953) of Boutique Capital Pty Ltd ACN 621 697 621 (Boutique Capital) AFSL 508011.   This document contains general advice only and has been prepared by The Beaten Zone Group for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth).  The information herein is presented in summary form and is therefore subject to qualification and further explanation. The information in this document is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this document are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information.  The investment summarised in this document is subject to known and unknown risks, some of which are beyond the control of The Beaten Zone Group and their directors, employees, advisers or agents. The Beaten Zone Group does not guarantee any particular rate of return or the performance of the Fund, nor does The Beaten Zone Group and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance.  The materials contained herein represent a general summary of The Beaten Zone Group’s current portfolio construction approach. The Beaten Zone Group is not constrained with respect to any investment decision making methodologies and may vary from them materially at its sole discretion and without prior notice to investors. Depending on market conditions and trends, The Beaten Zone Group may pursue other objectives or strategies considered appropriate and in the best interest of portfolio performance.  There are risks involved in investing in the The Beaten Zone Group’s strategy. All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the Fund’s Information Memorandum. It is important to note that despite taking such steps, The Beaten Zone Group cannot mitigate risk completely.  This document was prepared as a private communication to clients and is not intended for public circulation or publication or for the use of any third party, without the approval of The Beaten Zone Group. Whilst this document is based on information from sources which The Beaten Zone Group considers reliable, its accuracy and completeness cannot be

  1. May 20

    Ross Osborne - Chief Engineer, Advanced Technologies Group, SYPAQ Systems

    Ross Osborne is the Chief Engineer and Technical Director at SYPAQ Systems, a Melbourne-based company founded in 1992 that has grown from professional services and consulting in defence and government into one of Australia's most capable autonomous systems developers and manufacturers. Ross has been with SYPAQ for 16 years, joining after a graduate engineering program at BAE Systems where his focus was already on autonomous systems. In this episode we trace the full arc of SYPAQ's most celebrated product: the Corvo PPDS, widely known as the cardboard drone. Ross explains how the concept came from a three-day sprint in 2018, prototyped on day one, flown on day two, bid written on day three. The idea was pitched at an Army Innovation Day, secured a contract, went through 10 months of engineering development, was shelved during COVID, and then, when the Ukraine conflict began in 2022, went from sitting on a shelf to full-rate production of 100 systems in five weeks. We also discuss the Corvo X, SYPAQ's fixed-wing VTOL surveillance drone now delivered into Australian Army service through a formal acquisition program, a journey that took close to a decade. Ross explains the difference between running a rapid innovation program and navigating a full defence acquisition cycle, why both matter, and what makes SYPAQ's engineering culture different: nearly a quarter of the workforce are veterans, the team draws from automotive, medical, aerospace, and software backgrounds, and the engineering environment is built around multidisciplinary collaboration. Ross shares his thinking on sovereign manufacturing, why the small premium to produce in Australia is worth it, how SYPAQ is now turning its decade of drone-building experience toward counter-drone technology, and why the 5,000 square metre Melbourne facility that felt large five years ago is already bursting at the seams. 🔗  GUEST LINKS Ross Osborne LinkedIn: https://www.linkedin.com/in/ross-osborne-sypaq/ SYPAQ Systems: https://www.sypaq.com.au Host Links: Peta Ellis (Host): https://www.linkedin.com/in/petaellis BZV YouTube Channel: https://www.youtube.com/@BeatenZoneVenturePartners/videos BZV Website: https://beatenzone.vc Recorded and produced at ⁠The Podcast Boss⁠ ⁠podcast studio in Brisbane thepodcastboss.com

    43 min
  2. Apr 15

    From SAS to ASX: Wayne Jones on Building the World’s Leading Tactical VR Training Platform | The Briefing Room EP19

    In this episode of The Briefing Room, Peta Ellis sits down with Wayne Jones, CEO and Co-Founder of xReality Group (ASX: XRG) and its subsidiary Operator XR.  Wayne served 21 years in the Australian Defence Force, spending the last 15 in the Special Air Service Regiment with deployments across Rwanda, East Timor, and Afghanistan. After leaving the ADF, he co-founded Indoor Skydive Australia (iFly), which listed on the ASX in 2013 as the highest-performing IPO of the year. When a legal battle halted iFly’s expansion, Wayne made a bold pivot into virtual reality, ultimately building Operator XR, now one of the world’s leading tactical training platforms for military and law enforcement.    In this conversation, Wayne and Peta cover:  What 21 years in the SASR teaches you about leadership, resilience, and taking action under uncertainty  How two SAS soldiers founded iFly and built the highest-performing ASX IPO of 2013  The legal battle that stopped iFly’s expansion and forced a pivot to virtual reality  How Operator XR now serves around 95 US law enforcement agencies with immersive, data-driven tactical training  Why counter-drone training in VR is now one of the fastest-growing use cases for the platform  Keeping the engineering culture alive in Australia while scaling the business in the US    GUEST LINKS  Wayne Jones LinkedIn: https://www.linkedin.com/in/wayne-jones-637aba58/  xReality Group: https://xrgroup.com.au    Host Links: Peta Ellis (Host): https://www.linkedin.com/in/petaellis/  BZV Website: https://beatenzone.vc Produced at our ⁠The Podcast Boss⁠ ⁠podcast studio in Brisbane

    53 min
  3. Apr 9

    From Lab to Battlefield: How Silentium Defence Built the World's Leading Passive Radar Company | The Briefing Room EP18

    In this episode of The Briefing Room, Peta Ellis sits down with James Palmer, CEO and Co-Founder of Silentium Defence, the Adelaide-based company redefining what it means to see without being seen.  James shares the full story: from meeting his co-founder at the Defence Science and Technology Group in 2006, to a decade of experimental research, to the decision in 2017 to leave the public service and build a company from scratch.  What followed is one of Australia's most compelling deep tech origin stories, navigating IP and conflict-of-interest requirements, running through the CSIRO ON Accelerate program, securing early grants and commercial contracts, and ultimately building a globally recognised passive radar business with over 100 employees across Australia and the US.  In this conversation, James and Peta cover:  How passive radar works, and why not emitting a signal is the ultimate tactical advantage  The MAVERICK family of systems, from soldier-portable units to the OmniGuard space domain awareness platform  The decision to enter the US market and post a co-founder to Virginia  How Silentium maintains a unified culture as it scales globally  What the next two years look like as the company focuses on manufacturing scale and global market expansion    GUEST LINKS  James Palmer LinkedIn: https://www.linkedin.com/in/james-palmer-sd/  Silentium Defence: https://www.silentiumdefence.com.au  Host Links:  Peta Ellis (Host): https://www.linkedin.com/in/petaellis  BZV YouTube Channel: https://www.youtube.com/@BeatenZoneVenturePartners/videos  BZV Website: https://beatenzone.vc    Produced at our ⁠The Podcast Boss⁠ ⁠podcast studio in Brisbane

    41 min

About

Inside The Briefing Room, an Australian venture capital podcast dedicated to Defence, Sovereign Capability and National Security Innovation. Hosted by Peta Ellis, General Manager of Beaten Zone Venture Partners, and other members of the BZV team, each episode takes you behind the scenes with founders, veterans, investors, and operators who are key players in the Global Defence ecosystem that is building and supporting the future of Defence Innovation and Sovereign capability. From battlefield innovation to boardroom execution, we uncover how ideas move from concept to capability, and what it really takes to build and fund critical technology in one of the world’s most complex sectors. Real conversations with Defence founders and venture investors Insights on early-stage capital, capability, and collaboration Stories from Australia’s growing sovereign tech ecosystem This is not theory. It’s the reality of building companies that keep Australia in the fight. Subscribe to stay briefed. Beaten Zone Venture Partners | beatenzone.vc GENERAL PRODUCT ADVICE/MARKETING DISCLAIMER (Fund)  Beaten Zone Investment Manager Pty Ltd ACN 667 064 208 and Beaten Zone Management Partnership 1, LP (The Beaten Zone Group) are corporate authorised representative’s (CAR) (CAR Numbers 1303229 and 1303953) of Boutique Capital Pty Ltd ACN 621 697 621 (Boutique Capital) AFSL 508011.   This document contains general advice only and has been prepared by The Beaten Zone Group for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth).  The information herein is presented in summary form and is therefore subject to qualification and further explanation. The information in this document is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this document are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information.  The investment summarised in this document is subject to known and unknown risks, some of which are beyond the control of The Beaten Zone Group and their directors, employees, advisers or agents. The Beaten Zone Group does not guarantee any particular rate of return or the performance of the Fund, nor does The Beaten Zone Group and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance.  The materials contained herein represent a general summary of The Beaten Zone Group’s current portfolio construction approach. The Beaten Zone Group is not constrained with respect to any investment decision making methodologies and may vary from them materially at its sole discretion and without prior notice to investors. Depending on market conditions and trends, The Beaten Zone Group may pursue other objectives or strategies considered appropriate and in the best interest of portfolio performance.  There are risks involved in investing in the The Beaten Zone Group’s strategy. All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the Fund’s Information Memorandum. It is important to note that despite taking such steps, The Beaten Zone Group cannot mitigate risk completely.  This document was prepared as a private communication to clients and is not intended for public circulation or publication or for the use of any third party, without the approval of The Beaten Zone Group. Whilst this document is based on information from sources which The Beaten Zone Group considers reliable, its accuracy and completeness cannot be