Stamp duty waived on EVs priced under $78,000 from Sept 1 $3,000 rebate on 25,000 EVs priced under $68,750 $171 million for new charging infrastructure The NSW government will waive stamp duty for electric vehicles (EVs) costing less than $78,000 and offer $3,000 rebates to 25,000 people who buy a battery and hydrogen fuel cell… Read more »
The world of cryptocurrency is weird and complicated. In this four-part series, Casey Tonkin looks at the history of crypto, how you can get your hands on some, what you can do with it, and the Australian innovators looking to capitalise on this emerging technology. Part II: Now that you know a bit about bitcoin, its history,… Read more »
The world’s first electric flying racing cars flew successfully in Sth Australia The octocopter has a 250kmh top speed and will start racing using remote pilots in 2021. Piloted craft will start racing in 2022. Tech experts from Boeing, McLaren, Brabham and Rolls-Royce helped develop the cars A flying electric race car that its developer… Read more »
QR code contact-tracing apps are a crucial part of our defence against COVID-19. But their value depends on being widely used, which in turn means people using these apps need to be confident their data won’t be misused. That’s why this week’s revelation that Western Australian police accessed data gathered using the SafeWA app is… Read more »
The CSIRO has named Professor Bronwyn Fox as its new Chief Scientist, nearly three decades after she first began her career at the national science agency as a research assistant. Prof. Fox, the agency’s fourth female Chief Scientist, replaces Dr Cathy Foley, who became Australia’s Chief Scientist in January this year. Prof. Fox joins the… Read more »
Tim Berners-Lee, creator of the World Wide Web (WWW), is auctioning off the source code for his world-changing invention as a non-fungible token (NFT). The winning buyer will receive files of the source code Berners-Lee wrote in between 1990 and 1991, a 30-minute silent animation of the code being written – which you can view at Sotheby’s –… Read more »
US-based angel VC The Fund is launching in Australia + NZ Local founders are joining forces to invest in next gen ANZ startups Investors come from Canva, CultureAmp, Adore Beauty, Linktree, Safety Culture + more The Fund aims to back 50% female founders Founders and others from Australia’s most successful startups, including Canva, Culture… Read more »
The founders of rival BNPL companies Zip and Afterpay have piled into a record $15.5 million seed round for a 10-month insurance company designed for the smart home era. The seed investment for Honey Insurance was led by an impressive list of institutional investors: RACQ, which is underwriting the challenger brand; property settlement platform PEXA,… Read more »
Five antitrust laws proposed in the United States aim to aggressively rein in the market power of “big tech” companies and change the way they do business. The set of bills, introduced on June 11, targets the enormous economic power wielded by the likes of Amazon, Apple, Facebook and Google (owned by parent company Alphabet).… Read more »
Financial advice startup Lumiant, has extended its $1.17 million seed capital raise through equity crowdfunding site Equitise and is now looking to raise a further $2 million. The fintech it’s seeking the additional capital amid high demand for its services to investing in its ability to scale and increase distribution across Australia. Lumiant is a… Read more »
Startup founders who want to do more to change the world through philanthropy now have an easier way to achieve it as part of the global Pledge 1% movement. The Atlassian Foundation has partnered with PwC Australia, Herbert Smith Freehills, and Australian Philanthropic Services to create a Deed of Equity Gift. The Deed gives startup… Read more »
Nine late-stage energy startups have been chosen for the second cohort of EnergyLab’s Scaleup Program including Australian ‘digital twins’ tech venture Neara. TransGrid and Endeavour Energy are partnering with the program, which kicks off later this month, allowing the startups to collaborate with the utilities, investors and founders. The two power utilities operate across NSW… Read more »
ASX-listed software company Nuix Ltd (ASX: NXL) has parted ways with its Chief Financial Officer, Stephen Doyle, with the company’s CEO, Rod Vawdrey, also announcing his retirement after the company recently revealed it will miss some of its prospectus guidance by tens of millions of dollars. Shares in the 20-year-old Sydney-based, global risk, compliance and… Read more »
Emmi, a carbon risk management startup that lets institutional investors improve their understanding of how financially exposed they are to carbon risks, has launched after attracting a series of high profile investors to join its board. Tim Samway, chair of Hyperion Asset Management, Coca-Cola Amatil and Boral director Catherine Brenner and Startmate investor Patrick Sieb… Read more »
Construction tech platform Mooven has raised $5 million in a series A. VC firm Equity Venture Partners led the round supported by Five Ventures Investment. The funds are earmarked to scale its Australian and New Zealand teams, and prepare for expansion into the United States. Mooven provides construction teams, project managers and governments with the… Read more »
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