Creative marketplace Envato has hit a new benchmark, with its 81,000 content creators earning more than US$1 billion. Company chair and co-founder Collis Ta’eed, who last month stepped down as CEO last month, 14 years after launching the company, said they reached the milestone a year ahead of expectations. “The $1 billion goal has always… Read more »
With NAIDOC Week currently underway and celebrating the history, culture and achievements of First Nations people in Australia, we asked Dean Foley, founder and CEO of indigenous accelerator program Barayamal, to share his take on entrepreneurship in the Indigenous community and highlights up and coming entrepreneurs. Aboriginal and Torres Strait people have the oldest culture… Read more »
Online service directories venture Hipages Group lists on the ASX today, November 12, at 11am, having raised $100.4 million at $2.45 a share in its IPO. Best known for the tradie home improvements site the company takes its name from, it also has marketplaces for pets and natural therapies. Anyone flummoxed by IKEA products can… Read more »
Femtech startup Lactamo, which helps breastfeeding mothers, and Xceptional, a recruitment firm helping autistic people find jobs, have won the St George Kick Start competition, receiving $40,000 each. The competition, in partnership with TEDxSydney, saw 12 small business founders and entrepreneurs for a share of the program’s $100,000 grant pool prize across two categories –… Read more »
Physicist and CSIRO chief scientist Dr Cathy Foley will become Australia’s next Chief Scientist, replacing Dr Alan Finkel in 2021. She’s just the second woman to lead the nation’s scientific endeavours, 13 years after Professor Penny Sackett ‘s tenure from 2008-2011. Dr Foley was appointed the CSIRO’s chief scientist in 2018, having risen through the… Read more »
Melburnians will no longer have to stay within 25km of their home from midnight tonight, November 8, as the “ring of steel” is lifted and other restrictions are eased under the Victorian government’s “third step” reopening plan. Premier Dan Andrews announced the changes on Sunday morning as the state had yet another day of no… Read more »
A timeless tradition in political journalism is trying to find a narrative that explains an electoral outcome. A widely accepted narrative to explain Barack Obama’s win over John McCain in 2008 was that Americans wanted to embrace the “change” candidate who appeared the most dissimilar to then-President George W Bush. The narrative four years later… Read more »
Victoria is planning to build a 300 megawatt Tesla battery near Geelong, snatching the title for the Southern Hemisphere’s biggest battery from South Australia. French renewable energy company Neoen will pay for construction of the lithium-ion battery, as well its ongoing operation and maintenance, Victorian energy minister Lily D’Ambrosio announced today. The 300MW battery will be… Read more »
This year marks the 20th anniversary of Australia’s first ever incubator, Cicada Innovations. To date, Cicada Innovations has incubated over 100 startups, and helped more than 300 companies raise over $450 million in venture capital and government grants, create hundreds of jobs, build local manufacturing capability, file more than 500 patents and trademarks, and launch… Read more »
Owing to the large numbers of mail ballots, counting in some states has been very slow. What we know is that Donald Trump won Florida, Texas, Ohio and Iowa. With the exception of Florida, these states were regarded as only winnable for Biden if he won by a landslide. Trump is narrowly ahead with almost… Read more »
Freelancer and solo entrepreneur accounting platform Bookipi has raised $1.6 million in a seed round co-led by Sydney VC Our Innovation Fund and Steve Baxter’s investment syndicate TEN13. Bookipi, founded in 2017, is targeting the freelancer and micro SME sector with its book-keeping platform and already has a user base of more than 640,000 customers… Read more »
Accomodation comparison site Trivago has lost an appeal against a Federal Court finding that it misled consumer in its TV and online advertising. In January this year, the court found the German tech company, which is listed on the Nasdaq and operates in Australia, had breachedAustralian Consumer Law, in a case brought by competition watchdog the… Read more »
Australian comedy and satire group The Chaser have had their verified account suspended by Twitter overnight after @chaser changed its name to Donald J Trump, including a photo of the US President and wrote “Don’t vote for me, I’m a massive idiot”. Twitter’s response was surprisingly quick given it occurred while most of the US… Read more »
78% of survey respondents were familiar with Open Banking (CDR). 71% of industry respondents intend to use CDR, 58% of whom stating that they intend to use CDR data within the next 12 months 64% of banks and lenders, and 54.6% of technology providers plan to spend more than $500,000 54.2% of fintechs expect to… Read more »
Australian e-tailer Booktopia is planning to list on the ASX in December with a market capitalisation of nearly $315 million. The business lodged its prospectus today, hoping to raise $43.1 million, with an offer of 10.9 million new shares and 7.9 million existing shares at $2.30 per share. Existing shareholders will cash in $18.1 million… Read more »
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