Telstra is set to compensate 42,000 customers who paid for “speed boosts” on its National Broadband Network (NBN) plans after the Australian Competition and Consumer Commission (ACCC) found the telco was not capable of delivering the specified maximum speeds in “real-world conditions”. According to the ACCC, Telstra was offering services including a “Super Fast Speed… Read more »
Australian venture capital firm Square Peg Capital has led a US$7 million ($9.1 million) raise for Malaysia-based on-demand services startup Kaodim Group, along with Shanghai’s SIG Asia Investments. The round brings the total raised by the startup, founded by Jeffri Cheong and Choong Fui-Yu in 2014, to US$11.5 million. With the startup operating across Malaysia,… Read more »
Australian venture capital firm Right Click Capital has participated in a US$3.1 million Series A round for Singapore cybersecurity startup Horangi. Led by Monk’s Hill Ventures with participation from investors including 500 Startups, Hub Ventures Fund, and 6Degrees Ventures, the funding will go towards further development of Horangi’s technology, scaling its business operations, and its… Read more »
Australian fintech startups are seeing median revenues of $95,000 a month, up from a median of $30,000 a month last year, the 2017 Fintech Australia census has found. With the census based on a survey of 166 fintech companies across Australia, 24 percent of respondents reported they had seen annual revenue growth of 700 percent… Read more »
Traditionally seen as an organisation representing legacy technology enterprises, the Australian Computer Society (ACS) is doubling its efforts in the startup space, announcing it is set to launch an accelerator program and “collaborative workspaces” for members. In an address this afternoon at the ACS Thought Leaders’ Summit, Reimagination, the organisation’s president, Anthony Wong said while… Read more »
It may still be incredible to the rest of us who grew up with Walkmans or Discmans, but Gen Zers are growing up taking it for granted that they get to walk around with almost the entirety of all music ever recorded throughout history in the palm of their hand. As if technology hadn’t advanced… Read more »
Telstra has acquired Australian company MTData for an undisclosed fee, as it aims to grow out a “key pillar” of its connected vehicle offering. Founded in Australia in 2003, MTData has 11 global offices and operates across the UK, US, Canada, New Zealand, the Middle East, providing GPS telematics and fleet management technology across industries… Read more »
The Victorian Government and Optus have partnered on a $16 million program to build 25 new mobile towers across regional Victoria, which are expected to provide 5,000 households and businesses with new mobile coverage when they are up and running by the end of 2017. The 25 new towers will be located across 15 local… Read more »
Alan Jones, advisor at BlueChilli and prolific angel investor, has joined KPMG Australia’s High Growth Ventures practice, taking up the role of Entrepreneur in Residence. In this role, KPMG stated Jones will work with the High Growth Ventures team to strengthen its product offering for local startup founders. He will also continue working with BlueChilli… Read more »
With a growing number of startups working within the insurance space, industry association Fintech Australia is today launching Insurtech Australia as a standalone division focused on representing insurtech startups and others working within the space. The launch of the body, which is supported by partners including QBE, Suncorp, and IAG, comes as data from CB… Read more »
The South Australian Government is calling for applications from global accelerator and incubators to manage local programs as part of the state government’s recently-announced $4 million Space Innovation Fund. According to Martin Hamilton-Smith, Minister for Defence and Space Industries, the Fund will support a Space Incubator Program and Space Accelerator Program with $900,000 in funding… Read more »
Given construction operates with some of the thinnest profit margins of any industry, startups have little hope of disrupting established players in the space, but there is significant scope for ‘constructiontech’ companies to add value to the sector locally by working with established players, a report has found. Produced by StartupAUS in conjunction with the… Read more »
With such a focus on securing venture capital funding and global domination, it can sometimes seem that the startup space will pursue fast growth ahead of all else. While these kinds of businesses may often dominate the headlines, the Talent Unleashed Awards have been celebrating businesses and founders working for social good since launch in… Read more »
Millennials are busy, easily distracted, and hard to impress. Marketers today have many mediums and channels available where they can target and retarget campaign messages to get to them, however this is causing marketing budget to be too easily thrown at numerous platforms that are noisy and oversaturated, to ensure being seen and heard. … Read more »
Despite what the startup world may think, many corporates do know they need to work out what ‘innovation’ means and how to do it if they want to survive the wave of disruption that’s upon them. The problem is that most don’t know where to start. Taking on the task of helping them with this are the… Read more »
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