When Fleet launched in 2015, its three founders faced an uphill battle. They had created an IoT nanosatellite technology startup in Adelaide at a time when Australia’s commercial space sector was practically non-existent and – in the absence of a national space agency – they were told the venture would likely fail. Fast-forward to today […]
Property Exchange Australia (PEXA), which has positioned itself as ‘the ASX for property settlements’, is facing a significant threat to its monopoly over the market from a potential new joint venture. PEXA is currently the only company in Australia licensed to settle property transactions electronically through its ELNO (Electronic Lodgement Network Operator) platform. However, it […]
The passage of legislation establishing the Australian Financial Complaints Authority (AFCA) will result in small businesses having access to “free, fast and binding” dispute resolution, according to Small Business Minister Craig Laundy. The Treasury Laws Amendment (Putting Consumers First – Establishment of the Australian Financial Complaints Authority) Bill establishes a one-stop shop for the resolution […]
Australia’s first hardware incubator launches in Brisbane, next week, with the entrepreneur at its helm promising resource-intensive startups efficient and affordable access to equipment that will streamline the development and commercialisation of ground-breaking products. Arc Hardware Incubator is being delivered by Vektor Innovation whose CEO, Victor Vicario, told Dynamic Business that early-stage hardware ventures can […]
The launch of the Sydney Startup Hub, today, has coincided with an announcement that Microsoft has signed up as a tenant and will run its acclaimed Scale-Up accelerator program from the new $35 million facility. Announced by the NSW Government in July 2017, the Sydney Startup Hub was funded by Jobs for NSW, which anticipates […]
“Some first-time startup founders buy into the myth that they will have more time, more freedom and more money… it couldn’t be further from the truth.” For our “Let’s Talk…” feature, this week, we asked 18 thought leaders to discuss the personal sacrifices that first-time founders generally overlook when they’re bitten by the startup bug. An oft-overlooked […]
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has encouraged small businesses that have suffered from ‘questionable conduct’ by the banks to tell the Royal Commission into misconduct in the banking industry, now underway. Regarding the Royal Commission, Carnell told Dynamic Business that she’d like to see small businesses share examples of “scenarios […]
The incoming CEO of fintech startup Tyro, Robbie Cooke, spoke to Dynamic Business about the value he plans to create for SMEs when he takes the reins of the challenger bank at the end of March. Taking over from acting CEO Rob Ferguson, Cooke will join Tyro after departing lotteries business Tatts Group, where he […]
A Senate committee has deemed it ‘wholly appropriate’ that employers pay a levy to access overseas workers; however, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, considers this “another blow” for small businesses. [Related article: Federal Budget: foreign worker tax introduced] In October, last year, the Federal Government introduced the Migration Amendment (Skilling Australians […]
Small businesses are falling short of meeting the needs and wants of digital-savvy customers due to a reliance on gut feelings and traditional ways of operating, according to Telstra Executive Director, Small Business, Brendan Donohoe. Commenting on the 2018 Telstra Small Business Intelligence Report, Donohoe said there was a gap between what customers want and […]
