Queensland sports tech startups will have the chance to pitch to the NRL as part of an innovation program run by the Australian Sports Technologies Network (ASTN). The collaboration with the NRL and Advance Queensland (AQ) features a 10-week program facilitated by ASTN involving up to eight Sunshine State-based startups keen to work with the… Read more »
Sydney early-stage VC Investible will partner with UNSW’s Trailblazer for Recycling and Clean Energy (TRaCE) program in a co-investment partnership to back climate tech startups emerging from the university. The Technology Commercialisation Venture Scheme will target Seed and Series A investments into UNSW climate-tech spin-offs and companies supported through TRaCE. The first-of-its-kind for an Australian… Read more »
Former spy boss Paul Symon, Australian Missile Corp CEO Rear Admiral Lee Goddard and former Senator Arthur Sinodinos have signed on with VC fund Salus Ventures as strategic advisors as the firm sharpens its focus on defence and national security. The Sydney-based $40 million fund, launched in 2023 and led by former Salesforce Ventures Australia… Read more »
Zip cofounder Larry Diamond has called time on his board roles at the ASX-listed buy-now-pay-later fintech, stepping down as a director and US chairman, effective immediately. “Now is the right time for me to step back from my day-to-day role at Zip,” he said in a statement to the ASX. “I’m very proud of what… Read more »
MGA Thermal has added climate tech fund Electrifi Ventures and Climate Salad to its cap table with another top up of the clean energy startup’s pre-Series B, taking the total raised to $14.15 million. While the Hunter Valley startup, developed what it calls Miscibility Gaps Alloy (MGA) Blocks to absorb and store thermal energy made from… Read more »
Law firm Maurice Blackburn is wading into an issue that’s vexed the federal government, competition watchdog the ACCC, as well as the media, investigating a potential class action against Google for alleged anti-competitive conduct in Australia’s digital advertising market. The idea is likely to be tempting to publishers Google has not struck deals with under… Read more »
Skip Capital has led a $6.6 million raise for a construction tech platform that keeps track of quality and compliance during a build. The first raise for three-year-old Melbourne startup Visibuild was also backed by unnamed private and non-institutional investors, with the funding earmarked for product development as the business looks to expand across Australia… Read more »
WiseTech Global director and cofounder Maree Isaacs has sold her 8.17% stake in RealWise Holdings, the company that owns more than a third of ASX-listed logistics company (ASX: WTC), to the man she launched the business with 30 years ago, Richard White. White already owns the other 92% of RealWise Holdings, meaning he now owns… Read more »
The federal government has launched a review into Australia’s research and development performance but may not live to see the result. The year-long review strategic review will be led by Robyn Denholm, chair of Telsa and the Tech Council of Australia, founder of Wollemi Capital, and operating partner at VC fund Blackbird. The review was announced… Read more »
The $271.8 million settlement by US ride-sharing giant Uber against a class action by the Australian taxi industry is now official, eight months after it was struck, with the Victorian Supreme Court ratifying the deal today. Justice Patricia Matthews approved the settlement of the group proceedings brought by Nicos Andrianakis and Jamal Salem on behalf of… Read more »
The Victorian government will invest $150,000 each to create 50 new startups and pay their salary for the year as part of an entrepreneurship program run by Breakthrough Victoria. Treasurer and economic growth minister Tim Pallas announced a $7.5 million million investment in the Breakthrough Victoria University Innovation Platform Fellowship Program, which will establish up… Read more »
Perth VC fund Purpose Ventures has continued a busy week leading a $4 million raise for mental healthcare marketplace My Mirror. Purpose also backed a $2 million raise for WA venue booking startup SpaceToCo this week. The round for My Mirror was also supported by new and existing investors, including Roger Allen, the pioneering startup… Read more »
A parliamentary inquiry into generative artificial intelligence has suggested products of tech giants such as OpenAI, Amazon, Meta, and Google should treated as “high-risk” under dedicated AI laws. On Tuesday, the Senate Select Committee on Adopting Artificial Intelligence tabled a report on the “opportunities and impacts” coming from Australia’s uptake of AI. The 222-page report raised 13… Read more »
Sydney cultivated meat startup Vow, best known for its “woolly mammoth meatball“, has launched in a second Asian city, with a new product resembling the French delicacy foie gras. The release of Forged Gras as a cell-based meat tackles one of the key ethical issues in foie gras production, gavage, the force-feeding of ducks and… Read more »
Western Australian venue rentals startup SpacetoCo has raised $2 million from Purpose Ventures, as the booking platform look to take its international ambitions to the UK. SpaceToCo simplifies the venue hire process for owners such as local government and community centres. Its enterprise-level software streamline the booking process and reduces repetitive administration tasks as well… Read more »
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