Shark Tank Australia brings in US great white Robert Herjavec to join Showpo’s Jane Lu on the investor panel

- March 22, 2023 2 MIN READ

Shark Tank Australia, which is returning to the screen in 2023 on 10, has revealed five new investors for the new series.  Crossing the Pacific from the US edition is prolific veteran investor Robert Herjavec, who’s ploughed more than $23 million into more than 50 companies across 14 seasons on the show. The Ferrari-racing IT veteran… Read more »

Shadi Haddad

Till Payments founder Shadi Haddad steps down as CEO

- March 22, 2023 < 1 MIN READ

Till Payments founder Shadi Haddad has stepped down as CEO in the wake of the fintech a $70 million raise, announced a fortnight ago. The company has declined to comment on changes to its C-suite amid board changes, and job cuts, but Paul Kawtal, CEO of Sydney-based IT and telecommunications business Ethan Group, is reportedly… Read more »

Mark Calvetti

Afterpay helped deliver a record year for mergers & acquisitions in Australia in 2022 – even as the number of deal fell to its lowest level in a decade

- March 21, 2023 2 MIN READ

Russia’s invasion of Ukraine and rising interest rates dampened merger & acquisition (M&A) deals in the first half of 2022, but even as company valuations fall, the size of transactions is growing according to William Buck’s annual Dealmaking Insights Report 2023.   In 2022, the aggregate value of M&A deals in Australia increased 59% on 2021… Read more »

AROSE lunar rover

Australian lunar rover projects just scored $8 million in federal funding

- March 21, 2023 2 MIN READ

Two Australian space startups will receive $4 million grants each from the federal government as part of its Moon to Mars Trailblazer initiative to design semi-autonomous rovers to land on the Moon. Perth-based Australian Remote Operations for Space and Earth (AROSE) consortium and the EPE and Lunar Outpost Oceania consortium will each receive $4 million towards… Read more »

Alex and Chris Naoumidis

Hypnotherapy medtech raises $17.8 million Series A

- March 21, 2023 2 MIN READ

A Melbourne medtech building hypnotherapy-based apps so people can self-manage a range of illnesses has raised a US$12 million (A$17.8m) in a Series A. The round for Mindset Health was led by King River Capital, supported by Andrew Forrest’s Tattarange VC health fund Tenmile, Perennial Partners, impact funds Giant Leap and Alberts, Yard Ventures, WordPress founder… Read more »

Pivot founders

Female-founded edtech startup Pivot banks $1.4 million to support student and teacher wellbeing

- March 20, 2023 2 MIN READ

Melbourne education tech startup Pivot has raised $1.4 million for its schools feedback platform to improve teaching.  The round was led by the Catholic Diocese of Maitland-Newcastle and technology firm DiUS, with support from LaunchVic’s women-led investment program the Alice Anderson Fund. The funding will be used to re-platform the company’s survey-based technology and launch… Read more »

R&D, science

Medtech startups can score up to $5 million from a new incubator fund

- March 20, 2023 2 MIN READ

A new medical technology incubator program developed by the Medical Research Future Fund (MRFF) during the former Coalition government will offer up to $5 million in funding for early-stage medical research projects with commercial potential. The $50 million BioMedtech Incubator program is being backed by the MRFF and the Medical Research Commercialisation Initiative. Responsibility for… Read more »
ASX, Dubber, Redbubble among 7 ASX companies dropped from the All Tech Index

- March 20, 2023 2 MIN READ

Online retailer, along with six other ASX-listed companies, have been dropped from the S&P/ASX All Technology Index, as part of a quarterly rebalancing of indices. The change takes effect from today, March 20. Alongside (ASX: KGN), Dubber (ASX: DUB), RedBubble (ASX: RBL), Temple and Webster Group (ASX: TPW), Cettire (ASX: CTT), Frontier Digital… Read more »

Dorothy (Dot) Lee and Jarrod Walsh.
Food and drink

The team behind one of the coolest restaurants in Sydney’s Inner West, Hartsyard, have a new seafood place

- March 17, 2023 2 MIN READ

Former Hartsyard owners Jarrod Walsh and Dorothy “Dot” Lee are diving back into restaurant game after Easter with a new venue at the Old Clare Hotel in Sydney’s Chippendale, across the road from UTS Startups. Longshore, a seafood-focused restaurant and bar, will open in mid-April at the former Automata site at the Old Clare Hotel, seating… Read more »

National AI Centre. Stela Solar
AI/Machine Learning

A new analysis reveals business is clamouring for AI, but struggling to find the people to do it

- March 17, 2023 2 MIN READ

Artificial Intelligence (AI) has gone mainstream, but implementing it is still a major challenge according to a new report by the government-funded National AI Centre (NAIC). The report, Australia’s AI Ecosystem Momentum report, spoke to more than 200 business decision-makers and AI service providers about how they were using the technology to grow their revenues… Read more »

Lisa Byrne
Cyber security

A data security expert says the federal government’s cybersecurity strategy has the wrong end of the stick

- March 16, 2023 2 MIN READ

The Australian government’s ambition to “become the most cyber secure nation by 2030” is destined to fail unless customers demand “security certifications” from businesses, according to a leading data security expert. Lisa Byrne, from data strategy firm Notitia, said customers will be the catalyst for businesses to “wake up” to their responsibility to provide effective… Read more »

Lewi Software, Geraldine Terada-Bellis, Vishnu Avudainayagam

Skalata backs Queensland Uni grads in software startup transforming chemical engineering

- March 15, 2023 2 MIN READ

A software startup developed by two University of Queensland graduates has raised $200,000 in a Seed round backed by Melbourne VC Skalata Ventures. Lewi Software is tackling an unsexy part of asset management in the chemicals sector – wastewater management, which has suffered from underinvestment on the software from compared to the rest of the… Read more »