Managed property fund EG is planning to raise $100 million for its proptech incubator EGX, as it looks to transform the real estate and property sector. Launched last year, EGX already has a portfolio investment worth $100 million and backed three startups, Willow, Reveal and FLNT, EGX provides Seed and Series A funding to founders… Read more »
The Proptech Association Australia (PAA) has announced the finalists in the 2022 Proptech Awards, the only nationally coordinated awards for Australia’s booming property technology sector. PAA President Kylie Davis said entries for the 2022 awards jumped 31% on last year to 124 across the 23 categories. “It’s super exciting to celebrate these success stories in… Read more »
The human brain is said to be the most complex biological structure ever to have existed. And while science doesn’t fully understand the brain yet, researchers in the expanding field of neuroscience have been making progress. Neuroscientists have made substantial inroads towards mapping the complex functions of the brain’s 85 billion or so neurons and… Read more »
Billionaire Mike Cannon-Brookes has picked up his pen once again, looking to take a minority stake in ASX-listed AGL Energy through his family investment firm Grok Ventures. In an announcement via JP Morgan’s equities desk after the market closed on Monday, the broker said Grok Ventures and its affiliates are looking to acquire a combined… Read more »
Atlassian co-founders and co-CEOs Mike Cannon-Brookes and Scott Farquhar have told shareholders that the company “let our customers down” when an outage disrupted service for 775 subscribers earlier this month. The acknowledgement, which stopped short of an apology, kicked off the Q3 FY22 shareholders letter coinciding with the company’s quarterly results. The workplace software venture… Read more »
One of the first challenges many people face first thing in the morning is what to wear to uni or work that day. The surprising thing, according to Mys Tyler founder and CEO Sarah Neill, is that 80% of our clothing is permanently confined to the wardrobe, leaving just 20% to do what she calls… Read more »
The Australian National University’s ANU Quantum Numbers (AQN), the world’s most popular and powerful online random number generator, has struck a deal with Amazon to make AQN available on AWS Marketplace. AQN has been operating out of a lab at ANU for the past decade and has had more than two billion requests for random… Read more »
Hudled, the Sydney startup tackling problem of companies overspending on software, has hit US$100 million worth of software as a service (SaaS) spend managed on the platform. The benchmark comes just 12 months after the Hudled solution launched in April 2021. Co-founder Alex Millar said nearly 300 companies have now signed up to the platform,… Read more »
A global team of researchers, including from Monash University, have developed a new algorithm that will enable building more resilient, efficient, and faster blockchains. The algorithm is a new Byzantine Fault Tolerance (BFT) consensus protocol, which is used to overcome faults and avoid system failures, especially in blockchain applications. The higher the fault tolerance the… Read more »
The federal government is investing $2.2 billion for university research commercialisation which would place “university innovation and industry collaboration front and centre of Australia’s economic recovery.” Part of this funding includes $1.6 billion over ten years for Australia’s Economic Accelerator – a new competitive funding program to help university projects bridge the so-called “valley of… Read more »
Melbourne startup The Room Xchange has launched a mandatory verification feature on its house-sharing platform. Founder and CEO Ludwina Dautovic said the new ‘Verified’ feature also ensures that all profiles are real and current, with the site’s search algorithms simplifying the matching process to make it easier for people to find the right housemate based on personality,… Read more »
Quantum technology, which makes use of the surprising and often counterintuitive properties of the subatomic universe, is revolutionising the way information is gathered, stored, shared and analysed. The commercial and scientific potential of the quantum revolution is vast, but it is in national security that quantum technology is making the biggest waves. National governments are… Read more »
From clean water to crypto and colostomy breakthroughs, the 11 startups in the Macquarie University Incubator are the most diverse the five-year program has seen, according to director Melissa Ryan. The 2022 cohort follows in the wake last year’s alumni, which have already attracted more than $44 million in external funding. The six-month Startup Educate… Read more »
Petrol prices are hitting eye-watering highs. As global affairs put pressure on the availability of commodities, we’re likely to continue seeing volatile petrol prices in the future. So there’s never been a better time to embrace alternative modes of transport such as e-bikes and e-scooters (also called “micromobility” devices). In Australia’s major cities, the average… Read more »
Husband-and-wife duo Dean and Diony McPherson have the classic startup beginning, launching their business form-building solution on the kitchen table. Paperform was born out of their shared frustration with the tedious administrative tasks that overshadowed their tech jobs. Australian business owners spend an estimated 81 days a year on administrative tasks. So in 2016, the… Read more »
Daily startup news and insights, delivered to your inbox.
