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In an effort to generate innovation in the food and beverage sector, Lion has launched a 12-week accelerator program that will pair its brands with start-ups and entrepreneurs. The program, Lion Unleashed, was designed in partnership with corporate accelerator Slingshot. According to Lion CEO Stuart Irvine, the initiative is an opportunity for start-ups and scale-ups […]
Start-ups selected to participate in Creative3 Pitch, QUT Creative Enterprise Australia’s annual creative-tech pitching competition, will compete for a place in StepUp, Virgin Startup’s mini-accelerator program in London. The winner will also secure the right to represent Australia at the international Creative Business Cup (CBC) in Copenhagen, Denmark, where there will be opportunities to connect with investors […]
Venture capital investment in Australia has reached $1 billion this financial year, according to a new report launched by Minister for Innovation, Senator Arthur Sinodinos. The Australian Private Equity and Venture Capital Association Limited (AVCAL) report, titled The Venture Capital Effect, reveals Australian VC funds a) raised a record $568 million in 2015-16 and […]
Businesswomen will continue to be underrepresented in tech-related industries if they are judged against male values, according to Silicon Valley veteran Julie Demsey, General Manager of SBE Australia. Demsey spoke to Dynamic Business about the skills women bring to the tech sector, the difference between Australia’s start-up culture and America’s, and the launch of SBE Australia’s […]
Australian travel insurance provider Fast Cover has secured global financial services business Hollard as its new underwriter. The deal marks the first time the global financial services business has partnered with a specialised travel technology firm. In a statement announcing the partnership with FastCover, Hollard’s CEO Richard Enthoven said his company is “always looking to work with […]
Melbourne-based reusable cup manufacturer KeepCup has reported a 690% increase in sales enquires since the final ABC’s three-part documentary series War on Waste concluded last week. Presented by Craig Reucassel of The Chaser fame, the series finale focused on Australia’s coffee industry and highlighted the fact that 1 billion disposable cups are sent to […]
Her Fashion Box, an online fashion start-up that secured funding on the second season of Shark Tank, has been taken to court over allegations it ran an unlawful unpaid internship program and underpaid three workers more than $40,000. The Fair Work Ombudsman has commenced legal action in the Federal Circuit Court against the subscription box […]
To kick-off Global Sharing Week (4-11 June) in Australia, more than 20 gig economy platforms are participating in a free event that shows attendees how to generate additional income from their under-utilised assets and time. The Income Booster Expo runs from 11am to 4pm on Sunday, 4 June at 55 Pyrmont Bridge Road, Pyrmont, Sydney. […]
Look Who’s Charging out-pitched nine other start-ups to be crowned the winner of CeBIT PitchFest on the final day of CeBIT Australia. Founded by Stuart Grover, Look Who’s Charging is a Lake Macquarie-based FinTech start-up, which has set out to simplify the process of recognising unknown bank statement transactions and reconciliations. “Winning the prestigious CeBIT PitchFest […]
Innovation and startups are set to be the future of the Australian, and possibly even global, employment landscape. However, educational institutions place a greater emphasis on students and graduates obtaining employment in established companies in favour of startups. With reports stating that the concept of automation will see five million Aussie jobs gone in the next […]
Pre-Series-A technology start-up Sinorbis, which assists Australian companies and marketing agencies to engage Chinese digital customers, has closed an oversubscribed $2.3 million bridging round, bringing its total capital raise to $3.9 m to date. In a press release announcing the raise, co-founder and CEO Nicholas Chu explained that Australian companies have ‘traditionally struggled’ to market […]
Over a five-year period, homegrown Mexican fast-food franchise Zambrero has increased its national footprint by around 750%. The company’s CEO of more than three years, Karim Messih, spoke to Dynamic Business about the 12-year-old brand, including the humanitarian cause that has contributed to its rapid growth as well as its expansion into overseas markets. Beating […]
This week, Melbourne’s Airwallex – a fintech start-up specialising in cross-border payments – closed one of the largest Series A funding rounds ever held by an Australian technology venture. CEO and co-founder, Jack Zhang, spoke to Dynamic Business about what was involved in securing US$13 million for the company’s foreign exchange platform from three global heavy hitters: […]
The NSW government has selected 12 innovative tech start-ups to exhibit alongside 100 emerging companies at CeBIT Australia, which is being held at Sydney’s International Convention Centre from 23 to 25 May. The NSW government is an official partner of the business tech event, which is expected to attract 15,000 attendees. It will host an […]
Given Facebook, Twitter and now Snap’s billion dollar initial valuations, it may seem like easy money to build a social network from scratch. But there’s nothing simple about it. Once the poster child of internet innovation, the social media industry is now a crowded space. And it’s difficult to stand out when there’s social networks […]
There are calls from the start-up community for the Federal Government to clarify its plan to abolish 457 visas and address concerns the reform could create a skills gap, especially in the technology sector. Dynamic Business was provided with comment on yesterday’s announcement by the leadership of Shippit, Weploy, SafetyCulture, QUT Creative Enterprise Australia, Schedugram and Sail Business Loans. Offshoring and brain drain Logistics […]
Bolstered by a $1 million seed injection, Melbourne start-up Weploy has launched an on-demand recruitment platform that connects pre-screened, talented employees to employers who need short term staff to manage peak periods or cover employee absences. Co-founded by serial entrepreneurs Nick La and Vince Luong, Weploy was conceived in response to the frustration they had […]
Online healthcare marketplace HealthEngine has now raised close to $50m after closing a $26.7m Series C funding round. Sequoia India, which has worked closely with Apple’s Steve Jobs, Google’s Larry Page and LinkedIn’s Jeff Weiner and other high-profile founders, led the round. The VC firm, which counts HealthEngine as its first direct investment in an […]
Australia’s first sharing economy accelerator, The Sharing Hub, had its official launch in Sydney on Monday (3 April). The quartet of start-up founders driving the initiative – Steve Orenstein (Zoom2u), Alexis Soulopoulos (Mad Paws), Will Davies (Car Next Door) and Mike Rosenbaum (Spacer.com.au) – spoke to Dynamic Business (DB) about Australia’s ‘booming’ sharing economy and the support […]
Melbourne start-up MyDeal.com.au has closed a $5 million funding round with strategic investment firm Gandel Invest. Launched in 2012, the fast-growing online marketplace has, until now, been entirely bootstrapped by founder, CEO and serial entrepreneur Sean Senvirtne. He spoke to Dynamic Business about why the time was right to inject capital into MyDeal, which has grown […]
