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The NSW Government is establishing a $150 million equity fund to allow it to ‘buy a stake’ in top performing businesses across the state, Deputy Premier John Barilaro has announced. Barilaro said the GO NSW Equity Fund, which is being established in partnership with First State Super, would see the Government take an equity […]
Nearly 300,000 small businesses have taken advantage of the Federal Government’s $20,000 instant asset tax write-off scheme, according to 2015-16 tax office data. The data was revealed by Minister for Small Business Michael McCormack, who described the instant asset write-off program as a “shot in the arm” for small businesses. “The instant asset write-off is […]
Stating that small business subcontractors are vulnerable to delayed payments, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has announced she is examining payment terms and conditions for “subbies” working on government projects. “Most government departments pay their invoices within 30 days, but when a prime contractor is appointed to manage a project […]
Rapid-growth SME credit bureau CreditorWatch has been acquired by InfoTrack, a leading provider of intelligent search and automated workflow solutions for business professionals. Founded by managing director Colin Porter in 2011, CreditorWatch has, in the ensuing six years, been able to challenge the duopoly held by incumbent credit bureaus Veda (now Equifax) and Dun & […]
Solar tech startup Redback Technologies has raised US$7 million in capital from the Clean Energy Innovation Fund and Right Click Capital as part of its Series A-2 funding round. Based in Brisbane, Redback offers an energy management system that uses machine learning to optimise the generation, storage and management of solar energy for households and […]
Diversity has been a hot topic of conversation in the tech industry since 2014 (if not earlier). In that time we’ve seen major companies like Facebook, Google, Amazon, and IBM release diversity plans, recruitment strategies and statistical reports, all in the name of demonstrating and achieving improved gender, racial, and other minority equality. Substantial efforts […]
When Carl Krumins was fired from a job cleaning floors, twenty years ago, the aspiring tech entrepreneur realised he would never achieve success unless he pursued his passion. Today, his brainchild – mobile messaging tech provider SMSGlobal – is an international success story. With 70 staff across five offices (New York, Dubai, Croatia, Melbourne and […]
Every small business understands the key to growth lies in its people – the driving force. By hiring the best talent, small businesses know they can become much larger businesses by outperforming their competitors and pouncing on new opportunities the moment they arise. Sounds like a straightforward growth strategy but, it turns out, it’s not […]
Research showing that SMEs are reducing capital expenditure due to rising energy prices has prompted criticism of the state governments by the Australian Small Business and Family Enterprise Ombudsman. The Ombudsman, Kate Carnell, pointed to the latest East & Partners SME survey* of 1280 businesses, which showed that 39.5% of SMES plan to scale back […]
Think about your most recent interaction with a business online. Did you chat via message with a person? Are you sure? It’s highly possible you were speaking to a chatbot, a computer program designed to interact with customers using messaging apps and online interfaces. These bots use artificial intelligence to create fast, efficient and helpful customer […]
When GO1 raised our first seed round I went into negotiations knowing next to nothing about raising funds. But on the other side of the table, the investors that I spoke to did this every day. And that makes it dangerous. One of our first investors turned out to be a shark. Fortunately for us […]
With more than 330 active franchisees nationally, Hire A Hubby (HAH) is today the third largest player in Australia’s tradesman and handyman industry, claiming a market share of 5% – and of the big three, it’s reportedly the only one to have gained market share since 2011*. Under the leadership of CEO and owner Brendan […]
GAVL, the real estate tech startup led by Ex-AFL player Joel Smith, has kicked off a planned $6m Series A round with an initial $1.8m in funding from existing investor Harris Capital, the investment office of Flight Centre co-founder Geoff Harris. Launched in December 2016, GAVL is an auction livestreaming and analytics platform that enables […]
On-demand dry cleaning pick-up and delivery service Laundromap has now launched in Perth and Sydney, with the founders of the New Zealand tech startup in the midst of planned $3-4 million capital raise to service further capitals across Australia. Since launching in New Zealand last year, Laundromap has grown at a rate of 30% month-on-month. […]
The second round of the Federal Government’s $8 million Women in STEM and Entrepreneurship (WISE) grants program is now underway, with organisations encouraged to apply for funding to support activities that eliminate barriers to girls and women pursuing STEM education, careers and businesses. Funding between $5000 and $250,000 is available to businesses, not-for-profits, education provider […]
“What is the biggest growth barrier Australian startups are facing?” That’s the question Dynamic Business put to more than 20 entrepreneurs and industry experts, this week, for our exclusive “Let’s Talk…”, exploring success (and barriers to achieving it). Some commentators pointed to environmental factors such as a scarcity of local capital, customers and talent as well as a […]
Australia Post has announced that it has achieved gender parity in pay, with an average 0% pay gap between men and women across the organisation. This marks an improvement on 2016, when Australia Post recorded a gender pay gap of 1.4%, below the national average of 16%. Acting Managing Director and Group CEO Christine Corbett […]
Australia’s largest online jobs marketplace, Airtasker, has completed a $33 million funding round to bankroll the company’s first overseas foray, with an expansion into the UK. Airtasker had already been enjoying a milestone year, with the formation of strategic partnerships with IKEA and eBay plus the introduction of income protection insurance for its workers. The […]
It’s the web where most travellers are booking hotel rooms these days and, if you’re looking to seize a slice of the online market, that’s exactly where you should be. However, you should note that you’re going up against lots of competition. Not just individual hotels, but chains and booking agencies all looking to get […]
Spacer is vying to become the dominant marketplace for storage, parking and warehouse space in Australia, today announcing that it has acquired Melbourne-based startup Parkhound and completed a $2.7m in Series A funding round. Founded by former private equity professional Roland Tam and ex-Deals Direct CEO Michael Rosenbaum, Spacer has raised $5 million in funding from angel […]
