A Victorian startup based at Monash University has raised $9 million to develop carbon-neutral “green” ammonia for the agriculture sector. Jupiter Ionics is the result of research by scientists at the university’s School of Chemistry, Prof Doug Macfarlane, and Assoc Prof Alexandr Simonov. The electrochemical technologies they’ve developed has resulted in modular ammonia production systems… Read more »
More than $9 million has been awarded to Australian startups focused on space supply chain solutions for NASA’s Artemis program for lunar exploration. The recipients include Victorian startup NextAero, which is developing cryogenic rocket propellants, and South Australia’s Neumann Space, which is focused on electric spacecraft propulsion. The both received $1 million grants from the… Read more »
With _SOUTHSTART in Adelaide on this week, March 5-7, we asked the festival’s co-directors, Danielle Seymour and Craig Swann, to explain how to get the best out of one of the most popular and well-loved gatherings on the startup calendar. Here’s what they said. _SOUTHSTART is Australia’s largest festival of innovation, big-thinkers and game-changers. Since… Read more »
ASX-listed voice data company Dubber is on the hunt for more than $26 million in missing funds, with the company’s CEO and cofounder, Steve McGovern, suspended, along with its shares (ASX: DUB) as investigations get underway. The issue came to light as part of the audit review for its half-year accounts to December 2023. Dubber… Read more »
Sydney fintech Avenue Bank has been granted a full banking licence by the financial regulator APRA. Avenue has been on what’s known as a a restricted Authorised Deposit Taking Institution (ADI) licence since mid-2021 after raising $37 million in a series B earlier that year. The granting of a full ADI by the Australian Prudential… Read more »
There’s no I in team, the saying goes, and according to Atlassian’s gender gap pay figures, no W either. The difference between base salaries for men and women at the software company, reported to the federal government’s Workplace Gender Equality Agency (WGEA) report, released this week, show the blokes are paid 17.4% more as a… Read more »
Cyber-skulduggery is becoming the bane of modern life. Australia’s prime minister has called it a “scourge”, and he is correct. In 2022–23, nearly 94,000 cyber crimes were reported in Australia, up 23% on the previous year. In the latest high-profile attack, around 15,000 customers of alcohol retailer Dan Murphy, Mexican restaurant chain Guzman y Gomez,… Read more »
The annual FinTech Australia Finnies Awards will return to Sydney for the presentation night in June after six years in Melbourne. The awards, now in their eighth year, were first held in Sydney in 2016 then 2017 before heading south. The presentation night will be held on June 6 at Doltone House in Jones Wharf,… Read more »
Expanding internet service provider Aussie Broadband is weighing its options after fibre infrastructure operator Superloop rejected as “opportunistic” a proposed acquisition that Aussie said would have created a serious market rival to “incumbents” Telstra and Optus. A merger of the companies – which would have created a “scale player” providing a wider product offering to… Read more »
Disrupting a $3.5 trillion industry is difficult. Just ask fintechs like Cannon-Brookes-backed Spaceship, Superhero, and Verve Super. Australia’s superannuation industry gets a $362 billion compulsory cake from fees – more than $30 billion annually – and wants to eat it all too. Treasury put out a consultation paper titled Securing Australians’ Superannuation late last year… Read more »
Need a little extra fuel in the tank to power your startup’s growth? Global payments fintech Airwallex is giving founders the chance to win a $10,000 acceleration grant. The Melbourne-born unicorn is celebrating its recently announced partnership with Formula 1 racing team McLaren with a new competition to help businesses fast-track their growth. Airwallex is… Read more »
Startup founders need to think about how to integrate artificial intelligence (AI) into their business with care and attention to potential risks in order to attract investors, a leading VC says. But a fear of those risks and regulation shouldn’t cause a “paralysis moment” that stop innovation, says Lee Hickin, the AI technology policy lead… Read more »
ASIC has pushed “finfluencer” Tyson Robert Scholz to bankruptcy over $450,000 in legal costs awarded to the corporate regulator following court action that banned him from offering financial advice. Scholz, 38, dubbed ASX Wolf on social media, has more than 110,00 followers on Instagram, where he likes to stand in front of the the trappings… Read more »
Fashiontech startup Bandicoot Imaging Sciences has raised $1 million in pre-Seed funding for its fabric digitisation technology. The round was led by Hong Kong VC qonvolv Ventures and included Precision Textiles and Mou Fung Ltd., as well as previous investor, NewSouth Innovations from UNSW. Bandicoot Imaging previously raised $330,000 in July 2020 in an angel… Read more »
Tech-focused coworking community Tank Stream Labs has launched an AI Hub powered by Microsoft at the Sydney Startup Hub Tank Stream Labs CEO Bradley Delamare said the AI Hub will be a dedicated community to founders, developers and startup/scale-up companies in the AI sector. “We are excited to introduce the Tank Stream Labs AI Hub… Read more »
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