News & Analysis

Fintech is now a ministerial responsibility as startup sector rejoices in keeping its minister

- May 27, 2019 2 MIN READ

The reappointment of Queensland MP Karen Andrews as Minister for Industry, Science and Technology has been welcomed by a startup community relieved that they don’t have to start from scratch with a new minister once again. While most attention focused on the prime ministerial revolving door, the industry and innovation portfolios were led by eight… Read more »

News & Analysis

The FBI is investigating a hack on Canva’s user database

- May 27, 2019 2 MIN READ

Canva CEO and founder Mel Perkins Australian design platform Canva’s customer database was attacked on Friday, with hackers stealing usernames and email addresses, as well as encrypted passwords. Canva wrote to its customers on the weekend recommending they change their passwords as a precaution, while reassuring them that all user passwords were salted and hashed… Read more »

News & Analysis

Hungry Jacks is turning to science to create a fake meat burger

- May 24, 2019 3 MIN READ

Fast food billionaire Jack Cowin has partnered with the CSIRO’s innovation fund to create a plant-based burger The JV business, v2food, has been tasked with developing the ‘v2whopper’.   Fast food meat alternatives are expected to generate $7.5 billion in revenue by 2025. Jack Cowin became a billionaire selling burgers through his Hungry Jacks fast food… Read more »

News & Analysis

CSIRO: The internet is ‘fundamentally broken’ when it comes to trust and malicious threats

- May 24, 2019 2 MIN READ

  The CSIRO’s Data61 says around half of the internet’s most popular websites are at risk of malicious activity because of their dependence on third party services for ads, tracking and analytics. The problem is so profound, it’s now at the point where “the trust model of today’s World Wide Web is fundamentally broken”, experts… Read more »

News & Analysis

Online retailer Kogan.com is being sued by consumer watchdog the ACCC over false discounts claims

- May 23, 2019 2 MIN READ

 The Kogan.com promotion the ACCC alleges was misleading. Internet entrepreneur Ruslan Kogan’s online retail empire has fallen foul of consumer watchdog the ACCC (Australian Competition and Consumer Commission), which is suing the business over false or misleading conduct claims, alleging Kogan increased prices ahead of a discount sale. The ACCC has launched Federal Court action… Read more »

News & Analysis

This travel website wants to make it easier to add leisure time to your next business trip

- May 23, 2019 2 MIN READ

TRAVLR co-founders Lani and Simon te Hennepe.   Travel website TRAVLR has signed a strategic alliance with ASX-listed 8common Ltd targeting the ‘bleisure’ market The deal gives gives TRAVLR access to corporate clients such as Woolworths and Amcor and more than 100 government departments.  Travel website TRAVLR, which lets people plan and book trips in the… Read more »

News & Analysis

Three energy executives are hoping to solve one of the biggest problems facing the industry

- May 23, 2019 2 MIN READ

Ajero’s David McLeod, Farzan Marfatia and Peter Walton   While concerns about Australia’s energy mix has been focussed on the closure of old coal-fired power stations, especially among politicians, there’s a $35 billion problem sitting off the coastline that a new Perth startup is hoping to tackle. Just as power station reach the end of… Read more »

News & Analysis

This new property tech startup wants to use AI to massively disrupt the way real estate is sold and managed

- May 22, 2019 3 MIN READ

  Founders are encouraged to take on the world when building a startup and a new software-as-a-service business launched this week aims to do just that by capturing a large slice of Australia’s $7 trillion property market. Propic is targeting the real estate agents, developers and property managers in an all-in-one enterprise technology platform featuring… Read more »

News & Analysis

Entertainment visuals veteran Curiious has raised $2 million for its VR training pivot

- May 22, 2019 2 MIN READ

The veteran tech-driven Sydney visual content business Curiious – best known for its Vivid Opera House projection and the stunning visuals during the opening ceremony at the Gold Coast Commonwealth Games – has raised $2 million from sophisticated investors to help scale its VR education and training platform globally. Founder Brett Heil wants to revolutionise… Read more »

News & Analysis

An Australian startup has cracked the final 10 for Startupbootcamp’s latest global fintech accelerator

- May 21, 2019 3 MIN READ

Melbourne-based Pencil, an application management system that allows businesses to easily submit credit applications digitally, with immediate approvals, is the only Australian business chosen to take part in Startupbootcamp’s next fintech accelerator. Two social impact startups, Youthful Savings, a learning marketplace offering the next generation the tools of financial education and entrepreneurship; and ZigWay, a… Read more »

News & Analysis

Blue Sky, the $2.8 billion fund manager backing Australian startups, is in receivership

- May 20, 2019 2 MIN READ

ASX-listed investment fund Blue Sky (BLA) has been placed in receivership over a $50 million loan to US financier Oaktree Capital Management. In a statement to the ASX today, KordaMentha said it had been appointed receivers and managers to Blue Sky Alternative Investments Ltd as the business was in breach of a financial covenant relating… Read more »

News & Analysis

Here’s how the startup community is reacting to the Morrison government’s election win

- May 20, 2019 3 MIN READ

The Australian startup community has welcomed the return of the Morrison government following its surprise election win, despite the fact that the sector barely rated a mention from the Coalition during the campaign Alex McCauley, CEO of the peak national advocacy group for startups, StartupAUS,  said he hoped the result would deliver “a period of… Read more »