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QUANTUM LEAP: CSIRO predicts a new tech sector will generate $4 billion annually within 20 years

- May 22, 2020 2 MIN READ

The quantum technology sector could be worth more than $4 billion annually and create 16,000 jobs by 2040, according to a report by CSIRO. The Growing Australia’s Quantum Technology Industry report sees potential in everything from national security to mineral exploration, drug and materials development, and communications from spin offs resulting from quantum physics developments.… Read more »

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5 things you should know about tech today

- May 22, 2020 3 MIN READ

G’day team, it’s Friday and just as you’re allowed out, it starts to rain.. And here’s what’s going on.   1.  Apple comes to CovidSafe’s rescue Remember the problems for iPhone users with the Australian government’s contact tracing app, CovidSafe? It was all about the Bluetooth – the detection device in the app – not working… Read more »

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An Adelaide startup has found a way to mimic tropical timbers using wood waste

- May 22, 2020 4 MIN READ

An Australian company that has developed technology to turn wood waste into timber that looks and performs like 100-year-old tropical hardwood has entered an agreement with Bosch to globalise the product. Based in Adelaide and Melbourne, 3RT has spent six years developing its world-first technology in collaboration with Flinders University in South Australia, launching its… Read more »

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FROM THE FRONTLINE: How startups are tackling the coronavirus crisis

- March 31, 2020 4 MIN READ

The economic crisis brought on by COVID-19 is unlike anything the startup sector and broader business community experienced before. The economic rule book has been thrown out the window and Australian government’s response reflects gravity of the situation, with Prime Minister Scott Morrison announcing a massive $130 billion stimulus package yesterday, worth 11% of annual… Read more »

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CHARTS: Global startup funding in the post-coronavirus era fell hard, but is already showing regrowth

- May 23, 2020 2 MIN READ

Venture capital (VC) funding for startups has fallen by around 20% since December 2019 as the covid-19 pandemic smashed the global economy, but the impact is unevenly distributed according to new research from Startup Genome. The California-based analytics firm’s latest report into global startup funding, the first in a series its planning looking at the… Read more »

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