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The ‘Holy Grail’, for many business owners, is to launch a business, grow it, sell it at a profit and retire early. Even for entrepreneurs who are committed to their business for life, the mere knowledge that they could sell if they chose provides a security blanket. However, selling a business can be a complex […]
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 […]
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 […]
Cryptocurrencies, and specifically digital currency offerings, have literally become the modern, investment market equivalent of the Wild West. Hundreds of prospectors have heard about the money on offer and are throwing caution to the wind, risking a lot (everything, in some cases) to make their fortune. It’s almost lawless territory and you need to keep […]
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 property monitoring service that alerts landlords to unauthorised subletting through Airbnb and other rental websites has been launched by Sydney-based tech startup BnbGuard. The brainchild of serial entrepreneurs Reuben Schwarz and Richard Frey, BnbGuard is an automated technology platform that monitors long-term and short-term rental websites such as Airbnb, Flatmates.com.au and Stayz for clients, […]
Harnessing technology more than a decade in the making, the medical minds behind Opus Medical are pursuing a global opportunity exceeding $800 million to improve treatment outcomes for breast cancer patients. Co-founded by Dr Sean Pollock (COO) and University of Sydney Professor Paul Keall (Director), the Sydney-based medtech startup is in the business of developing […]
The Australian Taxation Office (ATO) reports that, as of 1 July 2018, companies with 20 or more people on staff will be required to comply with a new system of real-time wage reporting called Single Touch Payroll. If you have fewer than 20 employees, you have an extra year, or until 1 July 2019, to […]
It’s far from a secret that macroeconomic trends can have a major impact on small businesses. Among the trends that typically has the greatest impact on these small enterprises is volatility in the market. When markets become unstable, the results can make or break the small businesses that make up the core of most economies. […]
Hiring people with entrepreneurial spirit. Supporting the open flow of ideas. Celebrating wins in creative ways. Encouraging experimentation while tolerating failure. Promoting competition within teams. Making every employee the ‘CEO’ of something and giving them ‘skin the game’. Role modelling entrepreneurial characteristics and leading with zeal. These are some of the ways in which business […]
Melbourne-based EduTech startup Typsy is on track to reach 500% year-on-year sales growth this year after successfully courting its largest client to date – Switzerland’s prestigious hospitality management school, Ecole hôtelière de Lausanne (EHL). Launched in May 2016, Typsy – an online hospitality training platform – is the brainchild of serial entrepreneur Jonathan Plowright, whose […]
Michael Burton’s love affair with beer started when his wife Brooke put him onto the ‘good stuff’. Since then, the Wollongong duo have made it their mission to protect the bottom lines – and reputations – of local and international brewers. Their technology startup, Binary Beer, has developed an Internet of Things (IoT) platform that enables breweries to […]
Blockchain, cryptocurrencies and e-wallets. Wearables such as Google Glass and fitness trackers. Sharing economy platforms. ConstructionTech. Machine learning and artificial intelligence. Bots, smart home devices and self-driving cars. Virtual and augmented reality. Big Data. Internet-connected fridges and other IoT gadgets. Depending on who you ask, some of these technologies are either ‘hot properties’ or ‘hot […]
Depending on your source, it’s estimated that ‘technical people’ account for around 7% of the global population. That includes everyone from quantum computing experts right through to your brother-in-law’s childhood friend who knows how to mock up a WordPress site. If you’ve got a great idea but you’re in the ‘other’ 93% of the population […]
Named Australia’s ‘Accelerator of the Year’ at StartCon 2017, SheStarts returns for its sophomore series tomorrow (Tuesday, 30 January) with nine female founders, representing eight early-stage tech startups, taking part in the BlueChilli-backed program. The second SheStarts cohort includes Dr Annie McCauley (Talk-i-Wear), Andrez Coco (Knowlly), Karen Hind (Recall App), Danielle Owen Whitford (Pioneera), Laura […]
Victoria’s online marketplace startups have created jobs for 93,000 people and contribute $1.6 billion to the state economy, according to new report from EY-Parthenon and startup ecosystem development agency LaunchVic. The report, A Review of Melbourne’s Digital Marketplaces, shows the sector is growing at 11% per year, well above Victoria’s current industry growth rate of […]
Last year, the Weinstein scandal shone a light on the pervasiveness of sexual harassment in Hollywood, with members of the Boys Club brought to task in its wake. More recently, the producers of ‘All the Money in the World’ drew heavy criticism after Mark Wahlberg earned 1500 times more than his co-star Michelle Williams for […]
Sydney-based startup LoyaltyX is seeking to reinvent the way consumers engage with loyalty programs while simultaneously contributing to the mainstream adoption of cryptocurrency, according to co-founder and CEO Philip Shelper. Supported by a $15,000 TechVoucher grant from the NSW Government’s Boosting Business Innovation Program, LoyaltyX recently completed a six-week trial of its solution in partnership […]
