The Feed: Ninja Blocks

When you look at Silicon Valley in the US, it's easy to see the potential of an ideas-based economy. And Australia's young start-ups are now even starting to replace mining magnates, topping the young rich lists. Andy Park looks at one start-up success story to see if we really are facing an ideas boom.

When you look at the United States' Silicon Valley, it's easy to see the potential of an ideas-based economy.

And Australia's young start-ups are now even starting to replace mining magnates, topping the young rich lists.

The start-up scene in Australia is growing strong as many young entrepreneurs try to realise the potential.

One such company is Ninja Blocks. An Australian company that started with help from a crowdfunding campaign on Kickstarter.

Ninja Blocks co-founder Marcus Schappi said the support from online backers was overwhelming.

"We're just looking at our phones and watching the money rolling in," he said. "It was quite amazing.

" Andy Park looks at the story of Ninja Blocks to see if we really are facing an ideas boom.

The Feed airs weeknights at 19:30 on SBS 2. You can also follow us on Twitter at @TheFeedSBS2, or 'LIKE' us on Facebook (https://www.facebook.com/SBS2Australia) to stay in the loop.