The Australian Small Business and Family Enterprise Ombudsman has today released a study into factors impacting small to medium enterprise investment. According to Ombudsman Kate Carnell, SME investment is being impeded by limited access to capital as well as red tape and energy prices and that removing these barriers would “give them confidence to grow […]
The NSW Government has awarded a total of $200,000 in funding to ten programs encouraging leadership and economic empowerment for women. The Investing in Women funding program offers grants of up to $25,000 per project for organisations that demonstrate practical and direct ways to engage and support women. Minister for Women, Tanya Davies, said the […]
Choosing a monopolised market to enter with a new business idea is tough, most people find industries with a major dominant players and high barriers for entry an instant turn off. For instance, the NSW rice industry is the last remaining government controlled monopoly in Australia, meaning rice farmers don’t have control over where their […]
The Turnbull Government has drafted legislative reforms to support investment in innovative fintech companies by venture capital and angel investors, Treasurer Scott Morrison has announced. Released yesterday for a public consultation period ending Friday, 10 November, the exposure draft of the Treasury Laws Amendment (2017 Measures No. #) Bill 2017 proposes amendments to the Tax […]
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 […]
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 […]
Sydney-based fintech startup zipMoney (Zip) has secured a $40m equity investment from Westpac as part of a strategic alliance with the ‘Big 4’ bank. The investment follows the announcement, in May, that Zip – a provider of point-of-sale credit and digital payment services – had secured a $260m debt facility with $200 million in funding from […]
Three in four SMEs (76%) have invested in technology over the last 12 months to boost their innovative capacity, according to research undertaken by cloud accounting provider MYOB. Other key findings from MYOB’s latest Business Monitor, which involved a survey of more than 1000 business owners and directors, also found that: Almost a third of […]
Female founders are outnumbered three to one in Australia’s startup ecosystem because they often lack the support of a strong network of ‘door openers’, according to Fiona Boyd, the CEO of Heads Over Heels. She explained that Head Over Heels, an Australian not-for-profit founded in 2010, provides female entrepreneurs with a “powerful platform” to scale – and […]
The mantra of many successful entrepreneurs is the idea that you must spend money to make money. It is also one of the biggest reasons that some people fail to act on their business aspirations, because they believe that they don’t have the money required to take their business to the next level. I believe […]
