Sydney’s ongoing slide as one of the world’s best cities for startups has continued, falling another four places to 27th in the annual global rankings by US-based Startup Genome. The NSW capital has now slipped from 17th in 2018 to 23rd last year as the report notes the rise of Asia, with Tokyo (15),… Read more »
Antler Australia has unveiled a new program aimed at empowering and inspiring ambitious women to launch and lead their own startup. Female founders face significant hurdles when accessing capital, tapping into supportive networks and backing themselves, according to this recent government report. These hurdles are part of the reason why only 56% of startups have… Read more »
Antler Australia, the Sydney-based startup accelerator and venture capital investor, is holding its Demo Day online tonight from 7.30pm. You can watch below live. If you’re interested in engaging with the companies involved, then click on this link for the full experience to ask the founders questions and more! You can read… Read more »
Australian tech giant Atlassian plans to build a 40-storey timber skyscraper with a rooftop garden as the company’s new Sydney headquarters. The 180-metre tower will be the tallest commercial hybrid timber building in the world and is due for completion in 2025. It will be part of a new tech precinct adjacent to Central Station.… Read more »
Is it Wednesday already? Lots of global news today. Don’t forget to tune into the Startup Daily show on the business TV streaming channel ausbiz.com.au every weekday, 2-3pm, where we talk to startup founders, investors and innovators about everything tech. If you’ve missed an episode, you can catch up on the ausbiz site here. 1. Wirecard’s ex-CEO arrested We… Read more »
Andrew Paykel worked for more than two decades in his famed family business, the New Zealand whitegoods brand Fisher and Paykel, before deciding the time had come to spread his own wings as an entrepreneur. So in 2015 he set out to disrupt the travel industry with a startup that gives people the chance to… Read more »
One of the biggest challenges restaurateur Peter Petroulas faced over nearly two decades of running top restaurants at Sydney’s GPO, including Intermezzo, Postales and Prime, was organising to bookings to maximise the use of the dining spaces. Five years ago he decided to develop his own solution to the problem, knowing that existing booking platforms… Read more »
● Canva raises US$60m for a US$6bn valuation ● The design platform now has 30m+ monthly users in 190 countries; ● Increases workplace collaboration tools, including talking presentations Privately-owned Australia design giant Canva has raised US$60 million (A$87m) in a round that nearly doubled the company’s previous valuation of US$3.2 billion to US$6 billion (A$8.7bn).… Read more »
Hello Monday’s experts Here’s some of what’s going down. 1. Wirecard’s missing billions German payment processor and financial services provider Wirecard AG may or may not be missing €1.9 billion (A$3.1bn) in a bank somewhere in Asia, but that doesn’t really matter, because investors have already wiped more than €6 billion in value from… Read more »
Technology is now a central weapon in the Trump administration’s self-professed “strategic competition” with China and the battle between the two giants has the potential to cause major problems for Australian tech companies according to Brendan Thomas-Noone, a research fellow at Sydney University’s United States Studies Centre. Thomas-Noone authored Tech Wars: US-China tech competition and… Read more »
Shares in ASX-listed US design software company Altium Ltd (ASX:ALU) fell by more than 12% in morning trade on Monday after the company said its revenue growth for FY2020 will be behind analyst expectations. The global multinational, one of the top 5 tech shares in Australia, saw its shares fall below $32 within the first… Read more »
The Australian government is setting out to develop a “bargaining code” to address power imbalances between news media publishers and digital platforms such as Facebook and Google. The creation of this code was recommended last year in the final report of the Digital Platforms Inquiry held by the Australian Consumer and Competition Commission (ACCC). The… Read more »
A new study into Australian companies found profitability, performance and productivity increase under female leadership Female top-tier managers add 6.6% to market value of ASX companies Increasing female representation on ASX-listed company boards by 10% or more added $78.5 million in market value A female CEO led to a 12.9% increase in the… Read more »
Thursday was a very good day for ASX-listed buy-now-pay-later venture Splitit which, just before 11am, told the market it had “signed a multi-year agreement” with Mastercard “to accelerate the adoption of Splitit’s instalment solution around the world”. The market was bullish for the Afterpay rival – itself hitting new record highs today before closing at… Read more »
Fine Defender was founded by Adam Cockayne in 2016 after he saw first-hand the challenges related to unjust fines. So he developed software to help assess and challenge fines issued for everything from parking to traffic, public transport and more recently Covid-19, charging a $25-$35 fee to launch the challenge after they’ve completed an online… Read more »
AI-based engineering startup VAPAR, founded by two women, just raised $700,000 in seed funding
Amazon Launchpad is offering innovation grants worth $80,000 to help small businesses and startups
Afterpay is getting into the frequent flyer business with Qantas
Fintech Sezzle’s share price went beserk – so the ASX hit the pause button
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