Here’s your disturbing fact of the day: the surface of your smartphone contains up to 18 times more bacteria than a public toilet, according to Dr Simon Park, senior lecturer in molecular biology at the University of Surrey.
Australian venture capital firms, angel groups, incubators, accelerators and other industry stakeholders have pledged to open source the legal documents used in their seed fundraising processes. Industry-wide standardised fundraising documents can now be downloaded via AVCAL’s website and used during early-stage equity investment rounds.
Perth-based technology accelerator, Amcom Upstart, has whittled its list of over 70 applicants down to eight startups that will receive $40,000 in seed funding, working space at Spacecubed, and professional mentorship in a three-month program commencing on the 2nd of June.
Skyfii, which provides consumers with in-store WiFi and retailers with data on and analytics of consumer behaviour, has announced that it has raised $2.8 million from investors including Jan Cameron and Bruce Gordon.
Due to the failure of last year’s budget, and strong expressions of public disapproval, the Australian government has smartly chosen to revise its plans. Treasurer Joe Hockey took to the podium yesterday to deliver the details of the new budget, which focuses on small businesses, a welcome change.
Sydney-based venture capital fund Tank Stream Ventures has today announced that it has closed $20 million and is looking to invest in early-stage startups with global objectives. The venture fund promises to open up pathways into China for startups interested in that market.
The Internet DealBook report for Q1 2015 shows that total deal value grew 41 percent in the Asia Pacific region over the last 12 months. The ‘Transactions’ sector experienced the greatest growth, though interest in Games and Hardware & Infrastructure has dropped drastically.
Small Business Minister Bruce Billson yesterday announced the preliminary details of a Jobs and Small Business package to be delivered in next week’s Budget.
After a year of work behind the scenes, Elance-oDesk has relaunched as Upwork, with the company also launching a new platform that allows businesses to make hires within minutes.