The Queensland government has opened applications for the latest round of grant funding for two programs that help to bring startup ideas from prototype to market-ready stage. The Ignite Ideas Fund is for Queensland Small to Medium Enterprises (SMEs) with high-growth potential to bring their product or service to domestic and international markets, with grants of… Read more »
Seer Medical will get a second life after the metech startup’s administrators found three investors willing to back the business with $40 million. Creditors signed a Deed of Company Arrangement with neurodiagnostic equipment manufacturer Cadwell Industries, existing investor Breakthrough Victoria, and Singapore’s TrialCap in a deal worth $40m. All three will take an equity position… Read more »
Qantas and European plane manufacturer Airbus have jointly committed to invest AUD$15 million into local VC Climate Tech Partners (CTP), in the hope it will accelerate the development of sustainable aviation fuel (SAF) and other aviation decarbonisation solutions. Qantas is using the Airbus A350-1000 for its “Project Sunrise”, with plans to launch non-stop flights to… Read more »
Back on February 13, Startup Daily announced news that battery storage tech startup Allegro Energy had bagged a $1.85 million federal government grant. The Newcastle-based startup was one of five early stage tech companies funded under the $400 million Industry Growth Program, and the money is for the mass production of their water-based Redox Flow Batteries… Read more »
A Sydney startup tackling visual merchandising for retailer has raised $6 million (US$3.75m) in a second Seed round as it looks to ramp up its presence across the Pacific amid rapid growth in the US market. US VCs Coreline and Veridical Ventures led the round for Flagship, with support from Tidal Ventures, and Macdoch Ventures, for… Read more »
EVP has lodged legal action in the Federal Court of Australia in a bid to recoup the $10.44 million it invested in Melbourne startup StrongRoom AI. The Sydney venture capital firm headed to court in Brisbane on Monday afternoon to seek an urgent order freezing assets worth up to $10,440,969 million against 13 defendants, including… Read more »
The Australian startup ecosystem has all the ingredients for success: hardworking founders, world-class talent, and abundant capital. We have enormous amounts of potential, so how do we make sure we realise it? Most people think we are held back by our inherent tall-poppy syndrome. I think this has historically been true, but this is certainly… Read more »
Battery storage tech startup Allegro Energy has scored a $1.85 million federal government grant to bring its battery technology to mass production. The Newcastle-based startup is one of five early stage tech companies funded under the $400 million Industry Growth Program. Allegro Energy has developed water-based Redox Flow Batteries (RFB) to store renewable energy. The… Read more »
US businessman Dana White has a net worth of around A$800 million. As CEO and president of the Ultimate Fighting Championship (UFC) his salary tops A$30 million annually. His good friend, Donald Trump, rocked up to UFC 309 in New York last November with Elon Musk in tow. Last month White joined the board of… Read more »
Venture capital alternative Lighter Capital has extended another $30 million fund offering non-dilutive funding to startups, with the Victorian government and iPartners, The 15-year-old revenue-based financier, originally from New York, launched in Australia in 2021, and was subsequently backed by Invest Victoria, the state government’s investment attraction agency, and iPartners, with an initial $30 million fund.… Read more »
Victorian startup agency LaunchVic is offering grants of up to $300,000 to venture capital funds and angel groups to set up in Victoria and back local startups. To qualify, they’re either just kicking off or “new to Victoria”, which means interstate VCs looking to put boots on the ground in the southeast can apply for… Read more »
Woolworths CEO Brad Banducci, who departed the grocery retailer in February with a $24 million golden handshake, not long after vacating the chair during a notorious Four Corners interview about grocery prices, has put some of that windfall to use backing a $2 million Seed round for a startup taking on Salesforce’s Slack and Meta’s… Read more »
It’s 411 BCE, and Aristophanes is slaying his audience in the Theatre of Dionysius with a mix of laughter and tears. In his play Lysistrata, the title character leads the women of Sparta and Thebes in a bold and humorous campaign—a sex strike—to end the devastating war between their two cities. On the surface, it’s… Read more »
An artificial intelligence (AI) startup of develop real-time data analysis of sales for retailers has raised $4 million in a Seed round led by Square Peg. GoodWork.ai is working with global retailers to build analytics AI for retail merchandise, finance and operations teams to make trade performance analysis fast and easy. The AI analyses the… Read more »
An eight-year-old health tech startup helping elderly people live safely at home has scored $2 million in funding, led by Breakthrough Victoria. Umps Health is developing sensors and AI for proactive aged care at home. Breakthrough Victoria invested alongside Intervalley Ventures, with follow-on funding from existing investors Sprint Ventures, the Cerebral Palsy Alliance, the 5Point… Read more »
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