Seemingly out of nowhere, insurance tech is suddenly hot. Last month, Honey, a home and contents insurance startup that few had heard of, made global headlines raising Australia’s largest ever seed round, coming in at around $15 million. That’s remarkable when you consider that most rounds in Australia are less than $1 million. What could… Read more »
Welcome to Ignition Lane’s Weekly Wrap, where they cut through the noise to bring you their favourite insights from the technology and startup world. Ignition Lane works with ambitious business leaders to apply the Startup Mindset to their technology, product and commercialisation problems. This wrap goes out free to subscribers every Saturday. Don’t forget you can catch Gavin Appel discussing… Read more »
Three South Australian startups have furthered their plans to support the international space industry. All based in Adelaide, the companies include Fleet Space Technologies, Inovor Technologies and Southern Launch. Southern Launch has been approved to conduct three rocket test launches from its site at Whalers Way reserve on the southern tip of the Eyre Peninsula… Read more »
The world of cryptocurrency is weird and complicated. In this four-part series, we look at the history of crypto, how you can get your hands on some, what you can do with it, and the Australian innovators looking to capitalise on this emerging technology. Part III: Throughout this series (Part I and Part II), we’ve learned about… Read more »
A report from the US task force dedicated to investigating UFOs — or, in the official jargon, UAPs (Unidentified Aerial Phenomena) — has neither confirmed nor rejected the idea such sightings could indicate alien visits to Earth. Last Friday June 25, the Office of the Director of National Intelligence (ODNI) released its eagerly awaited unclassified… Read more »
The last few weeks have highlighted the volatility of the cryptocurrency market. We live in a world where a few tweets affect values which is pretty worrying for your average investors. At the same time, keeping abreast of the tax issues associated with cryptocurrency is now as challenging as ever. Within Australian tax legislation, there… Read more »
When deciding what startups to back, investors would be smart to consider female-led companies. Research shows that startups with female founders consistently outperform those led solely by men, generating higher profits and higher returns on investment. A study by BCG and MassChallenge found that female-led businesses generated 12% higher revenues annually, using an average of… Read more »
Starting a new business is an exciting yet daunting idea for many, and there is a sobering reason for that – statistically, most startups are bound to fail. Despite the unique experiences of each business, there are a few golden rules to follow regardless of your product or service. Here are four key steps on… Read more »
Meenah Tariq is a powerhouse. For the past two years she’s had a front row seat witnessing the growth of Pakistan’s entrepreneurship ecosystem as a partner in the Venture Capital fund, Karavan. When Tariq was Head of Strategy at the Pakistani accelerator Invest2Innovate (i2i) in 2017, she took part in an Australia Awards course run… Read more »
Construction of the first processing plant to use a seaweed-based feed supplement for cows to reduce their methane production by 90% will begin near Port Pirie towards the end of this year. The $90 million advanced processing facility will be built by Pirie Meats, with CH4 Global, Organic Technology Holdings and Siemens Australia signed up… Read more »
Two young brothers behind South African cryptocurrency investment firm Africrypt have disappeared with an estimated $5 billion worth of investors’ money in what could be the largest ever cryptocurrency scam. Raees and Ameer Cajee – 21 and 18-years-old respectively – founded Africrypt in 2019 and promised customers significant returns on investment, reportedly as high as… Read more »
When the pandemic hit early last year, like many business owners, I had two immediate questions. One: are our people safe and how can we support them? Two: how is this going to impact our business in the short and long term? Adventus.io connects students with recruiters and universities around the world. The international education… Read more »
The world of cryptocurrency is weird and complicated. In this four-part series, Casey Tonkin looks at the history of crypto, how you can get your hands on some, what you can do with it, and the Australian innovators looking to capitalise on this emerging technology. Part II: Now that you know a bit about bitcoin, its history,… Read more »
Tim Berners-Lee, creator of the World Wide Web (WWW), is auctioning off the source code for his world-changing invention as a non-fungible token (NFT). The winning buyer will receive files of the source code Berners-Lee wrote in between 1990 and 1991, a 30-minute silent animation of the code being written – which you can view at Sotheby’s –… Read more »
Five antitrust laws proposed in the United States aim to aggressively rein in the market power of “big tech” companies and change the way they do business. The set of bills, introduced on June 11, targets the enormous economic power wielded by the likes of Amazon, Apple, Facebook and Google (owned by parent company Alphabet).… Read more »
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