Tony Starch is a Perth-based entrepreneur who has been developing artificial intelligence software using a machine-learning algorithm to randomly generate and compose pieces of music.

Tony believes his technology will have numerous applications, particularly in the marketing and advertising space. However, he is aware a lot more work is needed to develop the technology into a commercially viable product. To get things started, Tony will have to take out a loan from the bank.

Tony’s daughter, Morgan Starch, is currently completing her PHD in Computer Science and has been instrumental in helping Tony develop the code. Tony wants to start the business soon because he wants to create a stream of passive income for his retirement and set up a trust fund for his two children, Morgan and James.

Before he can retire, he wants to ensure that any income generated by the business stays in the business for research and development purposes. He would also like to channel some money into the bank accounts of his children on an ad-hoc basis.

Morgan has agreed to join the business in one to two years’ time when she has completed her PhD. She has limited capacity to take on extra work now but has agreed to help Tony when she can, including helping him set up the business. To assist Tony in acquiring the relevant infrastructure for his business, Morgan contacts Kevin Ngyuen – a recent graduate of the Computer Science Ph.D. program. Kevin now runs a very successful server farm called SuperServer Pty Ltd.