Victoria’s online marketplace startups have created jobs for 93,000 people and contribute $1.6 billion to the state economy, according to new report from EY-Parthenon and startup ecosystem development agency LaunchVic. The report, A Review of Melbourne’s Digital Marketplaces, shows the sector is growing at 11% per year, well above Victoria’s current industry growth rate of […]
Although it’s becoming easier for startups to raise capital in Australia, high-growth companies are hamstrung by a shallow pool of global talent, warned Alex McCauley, CEO of StartupAUS and lead author of the 2017 Crossroads Report. The report, a comprehensive review of the nation’s startup ecosystem, features a state-by-state brief on the progress of local startup […]
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 […]
Australia’s small businesses have been slow to leverage technology that would improve the customer service experience even though consumers are increasingly turning to large organisations to satisfy their spending needs, according to Katrina Konstas, Vice President Small Merchant JAPA, American Express. Konstas spoke with Dynamic Business about findings from American Express’ Economy of Shopping Small: […]
The current design and rollout of the National Broadband Network is likely to maintain – and perhaps even increase – Australia’s ‘digital divide’, according to the parliamentary committee tasked with inquiring into the NBN rollout. In a report handed down, last week, the Joint Standing Committee on the NBN noted the network’s rollout presents many […]
Australia’s tech start-up sector continues to face barriers to achieving world-class status, according to peak advocacy group StartupAUS, which yesterday launched a report recommending 14 actions to unlock the sector’s full potential. Speaking at the launch of the third annual Crossroads report, held at International Towers in Barangaroo, StartupAUS CEO Alex McCauley highlighted the importance of fostering the […]
The Federal Government has encouraged businesses to submit feedback on findings from Research and development (R&D) Tax Incentive Review report, released this week Undertaken by Chair of Innovation Australia Bill Ferris, Australia’s Chief Scientist Alan Finkel and Secretary to the Treasury John Fraser, the review had the purpose of identifying opportunities to “improve the effectiveness […]
Millennial entrepreneurs are a resourceful and ambitious bunch with a majority aspiring to launch multiple businesses. However, they’re also driven by a belief in social good and the desire for work-life balance. These characteristics were revealed in a new report from Sage, which challenges generalisations about the youngest generation of business people. Sage’s Walk with Me […]
The infrastructure that holds the internet provides access to about 3 Billion users. So it’s absurd that, when it comes to website hits, billions of humans are beaten by another, larger, community.
Australia’s small and medium-sized enterprises (SMEs) are unable to realise the full potential of the cloud due to internet speeds and costs.
