Startup
Major energy retailer Origin has entered an agreement with Perth-based energy trading startup Power Ledger to explore the ability for consumers to buy and sell energy to and from their neighbours. The agreement will see Power Ledger’s blockchain-powered peer-to-peer energy trading platform undergo a three-month technical trial, commencing next month. Historical and anonymised Origin […]
The Australian Small Business and Family Ombudsman is urging the Government to simplify small business registration. In a submission to the Government’s consultation on Modernising Business Registers, Ombudsman Kate Carnell has called for the consolidation of registration requirements for small business. “The optimal outcome would be one form hosted by a single agency on a […]
Sydney fintech startup Waddle is expanding into New Zealand due to strong interest for its cloud-based funding software technology amongst SMEs from the neighbouring nation, its co-founders explained. Founded in 2014 by high-school friends Simon Creighton, Leigh Dunsford and Nathan Andrews, the SME lender integrates with accounting software platforms and provides businesses with a real-time view […]
By partnering with ecommerce platform BigCommerce, Sydney-based logistics startup Shippit has gained access to “thousands of new customers”, says co-founder and joint-CEO, William On. The partnership enables BigCommerce customers to access enterprise shipping rates and shipping carrier discounts via Shippit’s logistics management platform, which determine the best courier for a merchant, then fulfills the […]
Ten startups and scaleups have been selected to participate in Lion’s 12-week food and beverage industry accelerator program. Run by corporate accelerator Slingshot, Lion ‘Unleashed’ will pair this cohort with Lion’s brands. The following startups and scaleups were drawn from amongst 300 applicants worldwide: BoozeBud – an alcohol discovery and delivery platform Earlypay Exchange – […]
Changes made to the draft crowdfunding legislation, which will allow private companies to crowdfund equity, will protect investors while reducing costs and red tape for companies, according to advocacy group FinTech Australia The draft crowdfunding legislation was introduced into the Australian Parliament by Treasurer Scott Morrison, yesterday. FinTech Australia expects the legislation to provide a new fund-raising […]
Sydney-based Parcel delivery startup Sendle has partnered with Ebay Australia to provide the ecommerce heavyweight’s 40,000 small to medium sellers with convenient, cost-effective logistics solutions. According to James Chin Moody, co-founder and CEO of Sendle, sellers that integrate their eBay accounts directly with Sendle gain free access to Sendle Premium and are able to instantly […]
Atlassian co-founder and co-CEO Mike Cannon-Brookes has thrown his support behind Brighte, leading the home energy fintech’s $4 million Series A round through his venture capital business Grok Ventures. Based in Sydney, Brighte is a digital credit platform that provides on-the-spot finance for home energy improvements, allowing homeowners to access solar panels, insulation and batteries […]
Ahead of Amazon’s arrival in Australia, corporate accelerator Slinghot and retail network NORA have partnered to launch Australia’s first retail tech accelerator. According to Slingshot CEO Karen Lawson, the 12-week ‘RetailTech’ program will assist a consortium of four large-scale retail companies (including logistics and payments businesses) to ‘fast-track’ the development of new revenue streams, processes […]
The federal government has offered 11 businesses a share of $6.6 million in funding to help launch innovative products, processes and services locally and abroad. The commercialisation grants are available to successful recipients through the Accelerating Commercialisation element of the Entrepreneurs’ programme, which is delivered by the AusIndustry division of the Department of Industry, Innovation […]
The world’s once-disruptive tech giants have become increasingly preoccupied with cannibalising one other, leaving themselves vulnerable to disruption by nimble Aussie startups with global ambitions, according to Cheryl Mack, the head of StartCon, which returns to Sydney this December. The tech startup conference and expo will run from 1 to 2 December at Royal Randwick […]
We’ve all seen the grim statistics: more than 90 percent of startups fail. It’s widely acknowledged that many of these failures are caused by “rookie mistakes”. Yet, having worked with hundreds of startup founders as a mentor and investor I continue to see the same mistakes made again and again. At the same time I […]
Brisbane will soon boast a new co-working space with the launch of The Cove in Newstead at the end of September. According to owner and director Courtney Norris, the experience has been designed to encourage creatives to be “brave in business” while eliminating their “Monday blues”. Norris told Dynamic Business that Brisbane has always […]
LaunchVic, the Victorian Government’s startup investment agency, has made available a new round of funding to attract world-class accelerator programs to Melbourne. LaunchVic is seeking to invest up to $3 million per application in the very best Australian or international accelerators and teams with proven track records for running accelerators. LaunchVic CEO, Dr Kate Cornick […]
Western Union’s president of global payments, Jean Claude Farah, has indicated the 116-year-old money transfer giant isn’t at risk of being usurped by FinTechs but does realise the value of partnerships, admitting “today, no one can do it on their own”. Farah told Dynamic Business that the global payments industry is undergoing change, citing disruptive […]
In the wake of their $1.1 million capital raise, property management startup MadeComfy has built out its senior team with three high-profile recruits to help sustain its growth rate in the short-term rentals market. MadeComfy currently manages over 300 properties across Sydney and has seen its revenue increase by more than 500% over the last 12 […]
Michael Nixon – a 14-year-old entrepreneur from Wagga Wagga, NSW – has out-pitched seven startups to be crowned the first-ever Australia Post Regional Pitchfest national champion. Impressing the judges with his innovation, The Amazing Annoyatron – an educational kit that introduces kids and teens to electronics and coding – the EduKits founder was awarded $7,500 […]
A new report into Victoria’s startup landscape reveals that a majority of ventures are revenue positive within the first two years but are not giving thought to an exit strategy. Commissioned by LaunchVic in collaboration with Startup Victoria and dandolopartners the report – titled Mapping Victoria’s Ecosystem – defines a startup as any business with […]
As the innovation capital of the world, Silicon Valley has given birth to some of the world’s most successful start-ups. Organisations that have grown to be the big brands infiltrating every aspect of our lives – Netflix, Facebook, Apple, eBay, among them. There are many more. It makes you wonder, is there something in the […]
Five organisations have secured a total of $1.4 million in grants from LaunchVic to deliver programs that will help first generation migrants and refugees launch startups in Victoria, including regional and remote area of the state. According to LaunchVic CEO Dr Kate Cornick, the aim of LaunchVic’s latest funding round is to increase diversity […]
