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Security Colony was one of six cybersecurity companies selected by Austrade & AustCyber to take part in the Federal Government’s Landing Pad program in San Francisco. In this exclusive series for Dynamic Business, Nick Ellsmore, co-founder of Security Colony shares his journey as he builds his second business (the first sold to BAE Systems) and introduces […]
After spending decades working in the ‘big end of town’, Sydney barrister Leo Tyndall turned his efforts to the ‘smaller end’, eager to help promising SMEs deprived of finance by traditional lenders. In the four years since he founded MarketLend – an online lending platform inspired by international peer-to-peer (P2P) offerings – Tyndall (CEO) […]
The NSW Government has purchased a $3.3 million stake in Wagyu beef agribusiness Stone Axe Pastoral, marking the first time it has dipped into its $150 million Go NSW Equity Fund, unveiled last October. [Related: NSW Government set to secure equity in SMEs with ‘good ideas’ using new $150 million fund] Delivered in partnership with […]
With less than a day until mandatory data breach reporting laws take effect, a cybersecurity vendor has warned that while basic cyber hygiene isn’t “sexy”, businesses that fail to practice it risk incurring “headline-grabbing data breaches” that will instantly lose them customers. [Related: A last-minute guide to preparing your business for Australia’s new data breach regulations and Small businesses face […]
As consumers increasingly opt for online shopping experiences over in-store, businesses of all sizes can ill afford having a lacklustre ecommerce presence – or worse, none at all. In the Amazon era, that means obscurity, even oblivion. But how can small businesses with limited resources go about establishing an effective ecommerce presence that captivates new […]
A new list ranking a thousand high-growth companies from across the Asia-Pacific Region features five Australian startups inside the top ten. The inaugural Financial Times (FT) 1000 High-Growth Companies Asia-Pacific list was compiled by market research company Statista, which ranked companies by their annual growth in revenues between 2013 and 2016. To make it onto […]
To avoid being disrupted, financial institutions are not just having to be far more experimental, in some cases they are having to cede control of their customers to fintech companies, according to Ian Pollari, the global co-leader of KPMG’s Fintech practice. Speaking at the Financial Services and Technology: Financial Inclusion and Stability conference, held at the University of NSW this […]
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 […]
