Funding

Climate tech startup Good Heat raises $2 million to transform industrial energy

- October 17, 2025 2 MIN READ

A Sydney startup using batteries to replace gas for industrial heat, and cut business energy costs, has raised more than $2 million. Good Heat will deploy large-scale thermal energy storage (TES) systems powered by cheap renewable electricity to provide industrial heat at prices below gas. Plans for Australia’s largest heat battery development, for a significant… Read more »

AI/Machine Learning

Melbourne Uni spin-out PredicTx Health, an AI-powered oncology platform, raises $1.6 million pre-Seed

- October 17, 2025 2 MIN READ

PredicTx Health, a University of Melbourne spin-out that uses AI to personalise chemo dosing based on body composition analysis, has raised $1.6 million. The funding came from the University’s Genesis Pre-Seed Fund, a government grant and angel investment and will be used to commercialise a world-first AI-powered precision oncology platform. PredicTx was cofounded Professor Justin… Read more »

Events

Propeller Aero cofounder Rory San Miguel named the 2025 NSW Pearcey Entrepreneur of the Year

- October 17, 2025 2 MIN READ

Rory San Miguel, cofounder and CEO of drone-based site survey company Propeller Aero, has won the 2025 NSW Pearcey Entrepreneur of the Year Award. The Pearcey Foundation, a non-profit named in honour of Australian ICT industry pioneer Dr Trevor Pearcey, recognises leaders in information and communications technology. The Pearcey NSW Entrepreneur Award is presented to… Read more »

Firmus founders
AI/Machine Learning

Green-powered AI data centre plan goes national with $73.3 billion project across 4 Australian capitals

- October 16, 2025 2 MIN READ

Australian-founded AI infrastructure startup Firmus Technologies is heading to mainland Australia with a $73.3 billion plan in partnership with CDC Data Centres and Nvidia to build four more AI data centres in capital cities. The initial deal for Project Southgate – the plan to build an AI data centre in Tasmania – is worth $4.5 billion,… Read more »

Funding

Breakthrough Victoria hands out $150,000 fellowships to 3 academics to turn their ideas into startups

- October 16, 2025 2 MIN READ

Breakthrough Victoria has selected the first three recipients of its new Fellowship program, which hopes to turn academic research into startup reality. The $7.5 million, multi-year program offers each recipient $150,000 to kick off their entrepreneurial efforts, and Breakthrough Victoria is hoping it will result in around 50 startups commercialising research and IP. The trio… Read more »

AI/Machine Learning

Australia’s large language model, Matilda, joins the global AI race, as Maincode’s Dave Lemphers outlines his national ambitions

- October 16, 2025 3 MIN READ

By the time I slipped into the packed SXSW Sydney expo theatre, the crowd was already deep in discussion. On stage, Dave Lemphers, cofounder and CEO of Maincode, sat alongside Dr Catherine Ball, steering one of the most grounded, technical and groundbreaking conversations of the festival: the debut of Matilda, Australia’s national large language model.… Read more »

Bitcoin ATM
Cryptocurrency

The Australian government is cracking down on cryptocurrency crimes with new regulatory powers over Crypto ATMs

- October 16, 2025 2 MIN READ

Home Affairs Minister Tony Burke on Thursday will outline new powers to combat money laundering, terrorism financing and crime risks associated with cryptocurrency and Crypto ATMs. AUSTRAC, Australia’s anti-money laundering and counter-terrorism financing regulator, estimates 85% of the transactions sent by the top users of Crypto ATMs comes from the proceeds of scams or money-mule… Read more »

Venture Capital

A note to financial services: fertility and being a woman are not ‘credit risks’

- October 15, 2025 4 MIN READ

This isn’t about shopping. This is about the power you hold and wield every day with your wallet. Every woman-owned purchase you make chips away at a system built to extract and reward exploitation. Women build differently. And when we back them, we are not just buying products. What happens when profit comes first? Lovisa… Read more »

 Holly Cardew Mike Angell 
Business

4 years after a record $13m Seed raise, Blackbird-backed ‘ultimate wishlist’ shopping app Carted shuts down

- October 15, 2025 2 MIN READ

E-commerce startup Carted will close next week, four years after raising $13 million in one of Australia’s largest seed funding rounds and pledging to change how people shop online. The Carted wishlist app, which informs shoppers when coveted items go on sale, will close on Wednesday, October 22. “We’ve loved building Carted with you, but we… Read more »

Business strategy

Startup Daily joins Growth Summit, the Melbourne and Sydney event for ambitious startup founders

- October 15, 2025 2 MIN READ

Finance expert and startup investor David Koch and Breakthrough Victoria’s chief operating officer Lauren Morrey will be among the key speakers at the Growth Summit in Melbourne in February 2026. Presented by SmartCompany and Startup Daily, in partnership with Optus, the Growth Summit is Australia’s premier event for ambitious startup and SME founders and leaders. Following the success… Read more »

Global tech

Google comes out swinging over government including YouTube in its under 16 social media ban

- October 15, 2025 3 MIN READ

Google has strongly criticised Australia’s impending ban of under-16s holding social media accounts after its popular video streaming platform YouTube was added to the ban following a federal government backflip. YouTube was expected to be exempt from the nation’s social media age ban, set to begin on 10 December, after the legislation was first introduced by the… Read more »

Events

Spark Festival reveals its free events across NSW

- October 14, 2025 2 MIN READ

Spark Festival, Australia’s largest startup festival, has released its initial lineup of free, community events across NSW between October 27 and November 2. The annual Spark Festival has connected founders, investors, universities and innovation hubs since 2016, through hundreds of events, building a network of over 40,000 participants.  This year, more than 100 speakers will… Read more »