Almost two thirds of Australian workers believe that their employer investing in mental health and wellbeing would improve productivity, a report has found, while 55 percent believe it would reduce sickness and absenteeism.
With startup founders working an average of 64 hours a week and the majority drawing a smaller salary than in their previous role, 96 percent report feeling stressed.
Almost $850 million (US$630 million) of venture capital was invested in Australian startups in the 2017-18 financial year, a new record for the local ecosystem.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
Smartpay is a payments company which offers its own open payments service API and physical EFTPOS devices to merchants and retailers.
The report from Committee for Sydney and KPMG found that the number of fintech companies in Australia has grown from fewer than 100 in 2014 to 579 today.
RMIT University has announced the launch of RMIT Activator City Hub, a new space to support the university members with innovative ideas and programs.
Pam is at heart a sign management application accessed through the cloud, specialised for design companies creating sign layouts for clients.
KPMG Australia’s High Growth Ventures practice has partnered with Taronga Ventures to develop opportunities for Taronga’s RealTech Venture Fund.
The government has announced funding of $151.5 million to develop four CRC’s dealing with food, agtech and transport for research and innovation.
KPMG will look to address the core needs of startups gearing up for growth, and “bring the rigour, expertise, and connections” of a global firm.
According to KPMG, 35 percent of online purchases made in Australia and New Zealand were imported, with 25 percent coming from North America and Europe.
KPMG has today launched a series of proposals aimed at spurring the economic growth of the Australian Indigenous community. To encourage further involvement in business and entrepreneurship, KPMG has developed 20 recommendations in conjunction with Indigenous thinkers to focus on areas of innovation, education and the Empowered Communities reform.
KPMG Australia has launched this year’s edition of Energise, its accelerator program focused on startups working in the energy and natural resources (ENR) sector.
Sydney’s home loan marketplace, HashChing has reached a $1 billion loan milestone as the fintech space builds momentum. The announcement was made at yesterday’s H2 Venture Fintech Expo that saw a range of fintech startups graduating from the accelerator program.
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