Danielle Morton, the Founder of agtech startup Zondii, is no stranger to doing things differently. “As a regional female founder I knew I would be an outlier on the path to big city investment,” she said. In support of this sentiment, according to research done by SBE Australia and Deloitte Access Economics she was fortunate to… Read more »
A National Anti-Scams Centre will be up and running by July under a $58 million federal budget commitment. Assistant Treasurer Stephen Jones revealed details of the new centre on Monday, saying it will sit within the Australian Competition and Consumer Commission (ACCC) and act as a central place to report scams and share information with… Read more »
Applications for the second round of Tennis Australia’s AO StartUps accelerator program are now open. Seven tech startup were part of the inaugural cohort, developing and testing out their ideas in real time during the Australian Open (AO) in January, including Cape Bionics, Equidi, Calyx, MATCHi, Amperfii, Recut and YBVR. The program helps startups develop their technology at the AO and across… Read more »
Four-year-old Melbourne online mortgage broker Finspo has raised another modest round, pulling in $2.55 million in a Series D for upgrades to its digital platform. The company did not disclose who supported the raise. Founded by ex-bankers in 2019, and launched in 2020, Finspo previously raised $2.7 million in Series A in November 2020, $4 million… Read more »
Hospitality ordering platforms Mr Yum and Me&u are exploring a potential merger as their rapid ascent during Covid begins to plateau post pandemic. A spokesperson for Mr Yum confirmed to Startup Daily that talks are currently underway. “Mr Yum confirms that it is in preliminary discussions with me&u regarding a potential merger to accelerate the… Read more »
Like so many of the world’s great tech companies, Reactory’s story starts in a garage. In the midst of the Covid-19 pandemic, while others were making their own kombucha and sourdough, Mark Eltom bought a still, and started making and maturing booze. A few lockdowns in, he was getting pretty good at it. Mark is… Read more »
SBE Australia has launched a new advisory model to connect high potential female-founded businesses with the services they need for high growth in a partnership with professional services firm BDO. SBE CEO Nicole Cook said the SBE Advisory Collective was developed in response to reports the organisation commissioned last year, which found that between 2017… Read more »
Melbourne healthtech startup Eyetelligence, which uses advanced artificial intelligence (AI) technology and retinal imaging to screen for eye and other diseases, has raised US$12 million (A$17.75m) from New York investor Ascertain. Eyetelligence’s AI-enabled products are already being commercialised in Australia, including by Bupa Optical and the optometry chain George & Matilda, as well as in… Read more »
New Zealand procurement startup Cotiss has raised $2.2 million in pre-Seed funding. The round led by Blackbird Ventures, supported by Icehouse Ventures, AfterWork Ventures, Phase One, and Co-Ventures. Cotiss is looking to help small and medium-sized procurement teams with simple, intuitive software that improves efficiency and saves money for organisations in high regulation and compliance industries… Read more »
There’s been a changing of the guard at Australia’s first angel investor network for women-led startups, Scale Investors, with the founding team selling the business to the current management team Scale was created a decade ago by Susan Oliver, Carol Schwartz, Annette Kimmitt and Laura McKenzie. Over that period the angel investors backed 47 women-led… Read more »
A torrid 12 months for startups in the food sector has also had an impact on one of the most high profile ventures, the billionaire-backed faux meat company v2food. Founder and CEO Nick Hazell, a former former Masterfoods and PepsiCo executive, has left the business and the 4-year-old startup’s $20 million Wodonga production plant is… Read more »
Australian innovation has the capacity to protect us – our environment, our digital world, our borders and our health. All of these are focuses of this year’s federal budget. But the science, technology, engineering and mathematics (STEM) sector has been sounding the alarm for years that our research system is in crisis. Reviews in progress… Read more »
Labor’s second budget in 7 months focused on cost-of-living pressures, with modest concessions for the business sector in an equally tough economic environment. The $392 million Industry Growth Program (a revamped version of the former government’s Entrepreneurs’ Program and Accelerating Commercialisation grant program, with increased funding), was the headline act. The program will support SMEs… Read more »
The Tech Council of Australia (TCA) has welcomed federal budget announcements backing skilled migration, cybersecurity and a new commercialisation fund. TCA CEO Kate Pounder said the measures by Treasurer Jim Chalmers aligned with the priorities in the Council’s pre-budget submission. “The Budget takes important steps to address the big challenges facing our country, including skills… Read more »
Treasurer Jim Chalmers has delivered his second budget with a heavy focus on cost-of-living relief for Australians who are struggling due to persistently high inflation and rising interest rates. While Chalmers says the economy should continue to create jobs and unemployment is expected to remain historically low, inflation remains the top economic concern. Chalmers says… Read more »
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