Funding | Investment
Start-ups and fast-growing SMEs are being encouraged by the NSW Government to adopt a global export focus, not only to accelerate business growth but generate new jobs. Speaking to an audience of start-ups, yesterday, at Haymarket HQ, a not-for-profit incubator in Sydney’s Chinatown, Deputy Premier and Minister for Small Business, John Barilaro said the state’s […]
Australia’s first HR-tech start-up accelerator program is being delivered by corporate start-up accelerator Slingshot in collaboration with talent solutions provider Hudson, online employment marketplace SEEK and The University of Technology, Sydney (UTS). Start-ups accepted into Human Capital, a 12-week program that kicks off in March, will receive up to $50,000 from the Slingshot Investment […]
The Queensland Government is granting four industry-focussed business accelerators access to a $9 million fund to create jobs and rapidly grow up to 120 early stage businesses and start-ups between them. BlueChilli, Innovation Centre Sunshine Coast, QUT Creative Enterprise Australia (CEA) and Unearthed are the first four accelerators to receive funding from the Advance Queensland […]
Pharmaceutical giant GSK has thrown its support behind BlueChilli’s SheStarts, a national accelerator program that seeks to address the under-representation of female entrepreneurs in Australia’s start-up ecosystem. Dynamic Business spoke to Anne Belcher, general manager, pharmaceuticals with GSK Australia, about the initiative, which has seen BlueChilli select ten female-led start-ups, from hundreds of applicants, to receive […]
A fintech start-up accelerator has received a $2 million loan guarantee from Jobs for NSW, the state government-backed job creation agency, to access $4 million in funding to grow up to 40 new companies. H2 Ventures will invest $100,000 in each start-up for a 10% equity stake. The start-up accelerator, which has a focus on […]
Buoyed by $8 million in seed funding, Yanir Yakutiel launched a fintech start-up in November, last year, to assist small businesses under-serviced by banks and other traditional lenders. The former finance and shipping expert spoke to Dynamic Business about Sail, including the process of raising capital and its participation in the Tel Aviv Landing Pad […]
Australia’s tech start-up sector continues to face barriers to achieving world-class status, according to peak advocacy group StartupAUS, which yesterday launched a report recommending 14 actions to unlock the sector’s full potential. Speaking at the launch of the third annual Crossroads report, held at International Towers in Barangaroo, StartupAUS CEO Alex McCauley highlighted the importance of fostering the […]
Ideas and execution go hand in hand. There is no greater importance placed on either aspect of starting and running a successful business. Without one another, a business cannot wish to exist and succeed. Ideas and plans exist together. Once you’ve established a grand idea, it’s time to put that into a master plan and […]
With the emergence of a range of new funding sources for small and medium sized businesses, it’s crucial to understand what your company’s debt funding options are and the most competitive interest rate you will be able to obtain. The following sets out the broad categories of the different funding options for businesses and the […]
City of Sydney Lord Mayoral candidate, Christine Forster has pledged support for local start-ups and entrepreneurs in the form of grants, affordable office space and overseas opportunities ahead of Saturday’s election. “Sydney has become Australia’s entrepreneurial hub, but we are still struggling to attract, nurture and retain world-class talent,” the Liberal candidate said. “We still […]
The NSW Government has made a suite of financial support programs available to SMEs and startups, as well as incubators and accelerators, as part of its long-term plan to accelerate jobs growth. In releasing the Jobs for the Future report on Friday, Premier Mike Baird explained that small, fast growing companies – known as gazelles […]
The first few years are crucial for any new business. This is the make or break time that so many start-ups fail to make it through as they look to find their feet. In fact, the Australian Bureau of Statistics says that more than 60 per cent of small businesses shut within three years of […]
Investors are quickly waking from the unicorn dream to the reality of a start-up world where only the ‘cockroaches’ will survive, StartCon manager Cheryl Mack told Dynamic Business. Held at Sydney’s Royal Randwick Racecourse on 26 to 27 November, the 2016 StartCon conference features an international line-up including Elena Verna (Survey Monkey), Nate Moch (Zillow), Annabell […]
With the increasing number of debt financing alternatives available to small and medium sized businesses, should businesses be bypassing the major banks and going to straight to these alternative lenders and platforms? For some businesses the answer will be yes though there are a number of considerations that must be weighed up in deciding who […]
Startups that fail to exercise resource parsimony or understand the job their customers want to get done will not survive against larger companies and risk falling afoul of investors, a prominent strategy expert has warned. In Sydney last month to participate in the World Business Forum (25 to 26 May), Rita McGrath, a professor at […]
The Prime Minister’s recent pledge to pump $15 million into his government’s Incubator Support Program for startups, if re-elected next month, is a good start but far from sufficient, according to Australia’s peak startup body, StartupAUS. CEO of StartupAUS, Alex McCauley said the additional funding for accelerators and incubators will genuinely help startups. “Funding for incubators and accelerators is important and […]
As a budding startup founder, you must have a lot of questions about your potential but you are also probably aware that 4 out of 5 startups fail. So, let’s start this piece with an inspirational story. Meet Frederik Van Huyn, a CEO of Absolute Internship. Frederik started his company with only $2000 in his pocket, and today […]
It’s hard to disagree that the 2015 budget wasn’t a cash cow for small business. Across Australia some two million businesses cashed in on $5.5 billion in tax breaks as the government attempted to stoke the home fires of the economy. The key prize allowed small business to claim basically any item needed for the […]
Entrepreneurs, along with their start-ups and innovative ideas have certainly been discovered as the new ‘best friend’ of the Australian economy – or at least, they have only recently been recognised as such at a governmental level. Welcome to the ideas boom. In December 2015, the National Innovation and Science Agenda (NISA) announced a suite […]
Mixing car finance & home loans isn’t something a traditional mortgage broker would consider. But I’m not your traditional mortgage broker. Off the back of a digital advertising & intelligent investment in technology, I’ve built a business that continues to grow exponentially. The Positive Group is now one of Australia’s fastest growing financial services companies. […]
