Brisbane-based electric vehicle charger manufacture Tritium will live, but under new Indian owners. New Delhi-based EV charger manufacturer Exicom has scored a bargain, snapping up the rival business, at one stage worth $2 billion before it was handed to administrators in April, for $45 million (US$30m). The acquisition will save around 300 Australian jobs, but will… Read more »
Ten startups tackling emissions challenges ranging from industrial heat to passive cooling solutions, energy storage and electric aviation, having been selected for EnergyLab’s 2024 climate solutions accelerator. EnergyLab is ANZ’s largest climate tech startup accelerator and innovation network dedicated to reaching net zero emissions and has supported more than 180 startups and 125 aspiring founders… Read more »
The federal government says it will “reset” the Consumer Data Right (CDR) after three years to improve its uptake and make it cheaper to access. Assistant treasurer Stephen Jones is going back to the drawing board, opening a month-long consultation process, with Treasury releasing a paper on proposed changes to the consent and operational rules… Read more »
Victorian startups will have eight new early-stage venture capital (VC) funds to hit up for cash, seeded with $300,000 each from LaunchVic. All up, $2.4 million in grants will go to the VCs, including some from Sydney, to open shop in Victoria. They are: Australian Medical Angels, Ecotone Partners, Era VC, Flying Fox Ventures, Mandalay… Read more »
Crowdfunding platform Birchal has launched an angel network platform, with backing from LaunchVic. Birchal First is designed to connect angel investors with early-stage Victorian startups in the hardware technology space, investing from pre-seed to Series A. The roll out has been underpinned by a $300,000 grant from LaunchVic and is the 10th angel network the… Read more »
Breakthrough Victoria CEO Grant Dooley has pulled the pin, less than three years into the role, as the $2 billion tech innovation and commercialisation fund sustains continued political pressure and community criticism. In a statement announcing his departure, the fund said Dooley “intends to spend more time with his family before looking for a new… Read more »
Cauldron, the path-finding fermentation biomanufacturer from regional NSW, has appointed David Weiner as Chief Technology Officer as the startup looks to ramp up production globally. Weiner will run the technology R&D pipeline for Cauldron at it looks towards international expansion. He was previously VP and head of R&D at Solugen, where he helped develop the… Read more »
Automated facial recognition is becoming widespread in Australia. The technology has already been used by retail outlets, sport stadiums and casinos around the country. And in November, the Australian government’s digital identification system will be expanded, after new laws passed parliament earlier in the year. As the technology becomes less expensive and more powerful, it… Read more »
A startup developing cheaper, copper-based solar panels, and backed by Australian tech royalty, has shed jobs and changed its executive leadership as part of a major restructure of the business SunDrive’s investors include Atlassian founder Mike Cannon-Brookes, VCs Blackbird and Main Sequence, the federal government-backed Australian Renewable Energy Agency (ARENA) and Clean Energy Finance Corporation,… Read more »
Google has created an illegal monopoly in the search engine industry by violating US antitrust law and spending billions on contracts to be the default search provider on most devices in the US, a judge has ruled. The case, which could have major implications for Google’s parent company Alphabet and other tech giants, also marks… Read more »
Buoyed by the sale of its stake in Employment Hero late last year and with more exits on the horizon, pioneering Sydney VC fund OneVentures says it will return around $100 million more to investors over the next eight months as it looks to raise a new $200 million fund. OneVentures founding partner Dr Michelle… Read more »
Online retail deals marketplace Little Birdie will spring back to life two months after its sudden shuttering after being acquired by cashback sales platform Cashrewards The terms of the deal were not disclosed. But Little Birdie’s resurrection is undoubtedly is a big win for ANZ’s venture team, 1835i, over rival CBA. CommBank was part of… Read more »
Artificial intelligence-based loans assessment platform Rich Data Co has topped up its Series B, nine months on, with another $9 million, this time from Acorn Capital, for a total raise of $37 million. The fintech banked $28 million last November in part 1 of its Series B, led by Westpac and Nasdaq-listed cloud banking firm… Read more »
AgriFutures is on the hunt for the next generation of agrifood innovators with applications opening for the evokeAG. Groundbreakers program. The annual leadership mentoring event has rebranded from Future Young Leaders to the 2025 evokeAG. Groundbreakers Program. It will give five innovators the chance to present their ideas or research to an international audience at… Read more »
Climate startup Goterra is continuing to kick goals in industry collaborations, with the country’s largest hotel, the 878-room Hyatt Regency Sydney, installing the modular food waste management system onsite. It’s the second version of Goterra’s compact unit, which can also be found at Melbourne Airport, where fly larvae munch through more than two tonnes of… Read more »
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