Aussie start-up backed by Apple luminaries and Stephen Fry collapses

An Australian technology start-up that raised more than $1 million to develop “unlosable” glassesand was supported by comedian Stephen Fry and Apple luminary Ron Johnson has gone into administration.

Called Tzukuri and founded by 24-year-old Taiwanese-Australian university drop-out Allen Chin-Te Liao, the company went into administration on December 20, Australian Securities and Investments Commission filings show. Mr Liao poured $35,000 of his own money into the company, according to the documents.

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