Investing
By supporting the local start-up ecosystem, angel investors not only stem brain drain but keep IP in Australia. According to Trevor Folsom, co-founder of Sydney-based start-up generator Investible, problems arise when investors are seduced by opportunities that see them invest ‘too heavily and too early”. This month, Investible launched First Angel, a 12-month educational program […]
Westpac has invested $16.5 million in uno Home Loans, a Sydney-based digital mortgage service that has attracted a number of investors since launching in May. According to uno CEO and founder, Vincent Turner, the platform (pronounced ‘you know’) was established to give people “greater control over the home loan process and the confidence to achieve […]
Marketing tech company TRIBE has closed its Series A funding round, having raised $5.35 million from investors led by Sydney-based VC fund Exto Partners. Founded in Melbourne by TV and radio host, Jules Lund, TRIBE connects brands with influencers who create social media content to share with their community of followers. Named Mumbrella’s ‘Marketing Technology Company of […]
Not-for-profit health fund HCF has invested $1 million into aged care tech start-up Curo Technologies. Founded by brothers Matt and Tim McDougall, the Melbourne-based company uses sensor technology to monitor the wellbeing of elderly residents in their own home or in an assisted living environment. Activity data is collected, analysed and reported on mobile devices to […]
Innovation and sport are two fundamental pillars in the makeup of the Australian psyche. Whether it is pioneering in medicine or dominating our national sports on the global stage we’ve done it with a sense of community and a touch of inventiveness. Our success in the Olympics over many generations is a testament to our […]
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 […]
Taxes are high in Australia. But when it comes to taxation policies, our government is too lenient on some large businesses and too hard on small business. Some large multi-national companies have been able to utilise tax structures that allow them to avoid paying their required tax in Australia, which has enabled them to lower their […]
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 […]
Turning your business into a success is only half the battle. Failing to make the most of the value and wealth your business generates, completely undermines the blood, sweat and tears required to extract value from your business. Business owners/managers spend so much time providing value to customers, that they often overlook the importance of […]
Many successful business owners look back on their first year of trading and often wonder how they got through those early days and created an established business out of the chaos and confusion that can sometimes engulf you during this embryonic time. From juggling your cashflow to maybe even dealing with TAC claims, there are […]
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 […]
The startup world is alive and bustling with entrepreneurs, investors, accelerators and a growing network of support industries. The Startup Economy study undertaken by PwC and commissioned by Google highlights that with the right support and growth, this could contribute over $100 billion to GDP and create over half a million new jobs by 2033. […]
Starting a business is an immensely complex process. It begins with an idea, and evolves into a long struggle of putting that idea into action. You may need to rent a workspace, hire employees, design products or organise services, and establish a working price model—and that’s all before you even open for business. Once everything […]
While there are certain things that reality television shows have in common – the vast majority of them seem to keep us glued to our seats while, at the same time, make us cringe at some of the things people do or say – not all reality TV shows are created equal. Some are little […]
For Andrey Shirben, entrepreneurialism is not defined by simply starting and running a business. Beginning in Israel at the early age of 19, Shirben soon identified himself as an entrepreneur with wider aspirations to build and grow businesses of the future. Anticipating an impending boom of online business, Shirben sought to realise his goals by […]
Bigstone Capital, a start-up Australian loan market dedicated to small business, and The Interface Financial Group (IFG), one of the North America’s largest alternative finance sources for small businesses have signed a deal to deliver a flexible invoice finance product funded by peer-to-peer market platform. As a result of the collaboration, a range of funding […]
The Institute of Public Accountants (IPA) has introduced an Australian Small Business White Paper renewing its call for a state-backed loan guarantee scheme for small business. The paper was launched at a special event in Parliament House on Wednesday, 12 August and makes a number of key recommendations. IPA chief executive officer, Andrew Conway said […]
Four creative startups will battle it out in a pitch for investment at Australia’s only event dedicated to connecting creative industries ventures with investment. Now in its 6th year, the Creative³ two-day conference attracts entrepreneurs from all over Australia looking to gather growth and investment advice from Australia’s leading international creative entrepreneurs. The four startups […]
Whether you’re taking on a franchise, buying an existing business or establishing a start-up, starting a business comes with a never-ending list of challenges and, while each business is unique, there are a few common mistakes that people make when starting out. 1. Trying to ‘do it all’ Your business is very much like your […]
Real estate is a very competitive field, and beginners need to have a thorough understanding of what they are getting themselves into in order to make smart investments.
