Solar equipment maker 5B received $12 million in funding led by existing investors Artesian Venture Capital and Fortune 500 company AES Corporation. The investment is part of its pre-series B funding round.
Malcolm Turnbull has indicated that the National broadband network (NBN) was a “mistake” and confessed there is a “reasonable question mark” over whether the project will ever provide taxpayers with a return. The admission was made by the Prime Minister in a doorstop interview, today, following comments NBN Co CEO Bill Morrow made to Fairfax […]
With the abolishment of 457 visas, a much-talked-about concern amongst start-ups has been that it will be harder to secure skilled labour, especially as large, international competitors continue to lure local talent with competitive salary packages. What has received less attention is the fact that the reforms will make it difficult for some entrepreneurs, such […]
The federal government is replacing 457 visas with a new type of temporary visa designed to ‘better target genuine skills shortages’. The announcement was made on Facebook by Malcolm Turnbull who explained “Australian workers must have priority for Australian jobs”. The Prime Minister said the Temporary Skill Shortage (TSS) visa will feature “new requirements including […]
Nationals MP Michael McCormack replaced Kelly O’Dwyer as Minister for Small Business in this week’s ministerial reshuffle, which saw the PM defending his decision to remove the small business portfolio from the cabinet. During a press conference on Monday, where he announced McCormack as the Minister for Small Business in the Treasury Portfolio, Malcolm Turnbull was […]
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 […]
On Tuesday Prime Minister Malcolm Turnbull, declared: “there has never been a more exciting time to be in fintech,” – but in truth, there has never been a more exciting time to be in any kind of innovation. We can’t deny that technological innovation came late to financial services but it’s here now and it’s […]
A survey of over 1,200 businesses across Australia has revealed that 45 per cent of businesses are more confident under Prime Minister Malcolm Turnbull’s leadership with only 11 per cent reporting to be less confident. The report, produced by local services marketplace ServiceSeeking.com.au represents the largest insight into business confidence and economic sentiment this quarter. […]
Prime Minister, Malcolm Turnbull, announced yesterday that Victorian MP, Kelly O’Dwyer, will replace Bruce Billson as Small Business Minister in a move that sent “shockwaves” through the small business community. Peter Strong, CEO of the Council of Small Business of Australia (COSBOA) said “there is no doubt that the decision to remove Bruce Billson from […]
Tech leaders have expressed new found enthusiasm and excitement following Malcolm Turnbull’s appointment to Prime Minister this week. As a founding director of Australia’s first internet company, OzEmail, Mr Turnbull’s credentials and acumen are expected to deliver a boost to tech start ups across Australia. “He understands the challenges we face in regard to tech disruption […]
