The 2023 federal budget has earmarked $392 million Industry Growth Program in advice and grants for startups and small businesses, to help them commercialise their ideas. The announcement by federal treasurer Jim Chalmers in the 2023 budget on Tuesday night is part of more than $500 million in funding that science and industry minister Ed Husic… Read more »
Blockchain provenance startup Everledger has been placed in voluntary administration after an existing investor failed to follow through on the 2nd tranche of their funding. The Brisbane tech company, founded in 2015 by former Queensland chief entrepreneur Leanne Kemp, offers supply chain traceability using blockchain, artificial intelligence, intelligent labelling and Internet of Things. They were… Read more »
Ten startups have emerged out of Curtin University’s 12-week Accelerate program spanning healthcare, education, mining, and technology. The 2023 cohort is Wata Watcha, Procuracon, Care Corner, Luddi, Heal Domain, Rock AI, Matilda Health, Insole Lab, STEM XR, and Speed Signature. Several are already generating revenue from customers and together they share $100,000 in equity-free funding,… Read more »
The first time a founder goes to set up an Equity Plan, also known as an ESOP, or employee share scheme, they’re faced with many challenges. They’ve been told that they need one, but what is it, and how is it done properly? Your team are your greatest asset at a startup. In the earliest… Read more »
Victoria will join NSW, Queensland and South Australia in offering a digital licence for drivers from next year. The state government announced this week that motorists will be able to carry their licence on their phone with a digital driver licence trial in Ballarat from July before a statewide roll-out by 2024. NSW pioneered the… Read more »
Brisbane workplace learning platform Go1 has stitched together an undisclosed capital raising deal to acquire German summary startup Blinkist in a deal believed to be worth $100 million. Go1 has been on a merger spree since raising $140 million on a $2.8 billion valuation in June last year. GO1 previously raised $273 million in a… Read more »
Welcome to our regular column on the important things to see and do for the ANZ startup community, brought to you by the director of the Spark Festival, Maxine Sherrin. If you’d like to know more, sign up to the Weekly Sparks, Maxine’s roundup of all that’s on in Australian tech and startups, which comes out… Read more »
Debates about AI often characterise it as a technology that has come to compete with human intelligence. Indeed, one of the most widely pronounced fears is that AI may achieve human-like intelligence and render humans obsolete in the process. However, one of the world’s top AI scientists is now describing AI as a new form… Read more »
Data strategy veteran Lisa Byrne from Notitia expects to see increased investment in cyber security investment in the federal budget next Tuesday, saying the move is a ‘”no brainer” for the government. Byrne argues it’s critical for small business to be incentivised to implement cyber security systems and upskill their workforce to deal with the… Read more »
While it’s been a torrid time for Australia’s food delivery sector in recent months, those making the things we love to eat continue to thrive, with more than 8,000 local small batch food makers helping feed the nation. Their delicious talents will be celebrated in Sydney on Friday, May 19, at the inaugural Foodpreneurs Festival at… Read more »
Atlassian’s March quarter revenue has grown 24% on 12 months ago to $915 million (A$1.365bn), with subscription revenue up 37% to $761 million (A$1.136bn), but last year’s US$32.9 million profit has turned into an operating loss of US$161.6 million (A$240m) for Q3 in FY2023. The US-listed (NASDAQ: TEAM) Australian workplace software giant released its quarterly… Read more »
Startmate and Boundless Earth, the philanthropic venture of Mike Cannon-Brookes, have accelerated their partnership to recruit and upskill 300 new founders and operators into climate tech startups over the next 18 months. Startmate has launched its inaugural Climate Tech Fellowship last week as part of the plan. The 8-week virtual program with Boundless Earth is… Read more »
Australia’s long-awaited first National Quantum Strategy launched on Wednesday as the government looks to cement the country’s position as a world leader in quantum technologies which are forecast to create 19,400 jobs by 2045. The strategy focuses on five critical themes relating to the development, investment, and use of quantum technologies; securing the industry’s supply… Read more »
Short-term rental management startup MadeComfy has raised $10 million in venture capital and debt as it looks to cover more cities across Australia. Founded in Sydney in 2015, and Airbnb strategic partner, MadeComfy previously raised $1.1 million in 2017 and then $6 million in 2018 from Investec. Commencer Capital acquired the $60 million Investec Emerging… Read more »
The 2020 decision by the founders of BoozeBud to buy back their online drinks retailer from Japanese brewing giant Asahi Beverages has not panned out as planned, with voluntary administrators taking control of the business on Tuesday and shutting down sales. A majority of the board members had resigned over the recent months and the… Read more »
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