Covid-19

‘CAUTIOUS PAUSE’: Victorian Premier puts Melbourne reopening on hold amid Covid-19 outbreak in city’s north

- October 25, 2020 3 MIN READ

Expectations that Victoria would begin to ease lockdown restrictions in Melbourne earlier than the planned have been put on hold by Premier Daniel Andrews as the state deals with a minor Covid-19 outbreak in the city’s Northern metro area. Andrews labelled it a “cautious pause”, but offered some hope that an announcement on easing could be… Read more »

News & Analysis

Former Hotelscombined.com boss Hichame Assi is replacing Collis Ta’eed as Envato CEO

- October 20, 2020 < 1 MIN READ

  Digital travel industry veteran Hichame Assi has been chosen to replace Envato founder Collis Ta’eed as CEO of the Melbourne-based tech marketplace.  The choice of the former HotelsCombined.com boss, who has a Masters in eCommerce from the University of London, follows a year-long global search. Ta’eed announced in August that he would step down… Read more »

Fintech

Afterpay shares crashed through the $100 barrier after announcing a savings account deal with Westpac

- October 20, 2020 2 MIN READ

Shares in Melbourne-based buy-now-pay-later fintech Afterpay are up more than 5% in the first hour of trade this morning to top $100 after the company announced it had signed a deal with Westpac to offer savings accounts and cash flow tools to its Australian customers. The partnership will allow Afterpay (ASX:APT) to provide Westpac (ASX:… Read more »

News & Analysis

Some of Byron Bay’s most famous brands are collaborating to create products to help tackle climate change

- October 20, 2020 < 1 MIN READ

The founders of three prominent Byron Bay brands from the NSW far north coast holiday town have launched a new environmental initiative to produce carbon neutral products that are also designed to generate investment income for climate positive projects.  ‘We, the many*’ has been founded by the Brook family—Pam, Martin and their sons Will and… Read more »

Funding

Fake meat venture V2food raises $77 million in series B from foreign investors for Asia expansion

- October 20, 2020 < 1 MIN READ

V2food, the fake meat joint venture between Hungry Jacks billionaire Jack Cowin and the CSIRO, has raised $77 million (US$55 million) in a series B round involving several Asian investors including Singapore’s state-owned Temasek Holdings as it looks to push into region with its plant-based burger mince. Investment companies ABC World Asia, Altitude Partners and… Read more »

Startup Daily on Ausbiz

Startup Daily TV: AI-based trading app Jaaims makes automatic trades for investors in a hurry

- October 19, 2020 2 MIN READ

Jaaims is Australia’s first fully automated trading app which does the hard work for investors when it comes to analysing stocks and making calculated trades. It connects to your broker account and uses an artificial intelligence (AI) trading algorithm analyse your chosen stocks and then automatically buy and sell. Jaaims works on on more than… Read more »

News & Analysis

Victoria is easing lockdown restrictions – amid hopes to open up more ahead of November 1

- October 18, 2020 5 MIN READ

Melburnians will be able to roam up to 25km from their home from midnight tonight, with outdoor real estate auctions returning, as well as tennis courts, golf courses and skateparks reopening under a softening of Victoria’s lockdown restrictions announced by Premier Daniel Andrews on Sunday. The “third step” to reopen retail, hospitality, gyms, and personal… Read more »

Funding

Scale ups now have access to new equity capital through the government’s $540 million Business Growth Fund

- October 16, 2020 2 MIN READ

The Morrison government and Big Four banks have committed $100 million each to the fund It will invest in around 30-50 high growth SMEs annually in return for a 10-40% equity stake The Business Growth Fund will have an independent management team selecting investments The fund will grow to $1 billion.  The nation’s biggest banks… Read more »

Funding

Techboard names Australia’s top angel investors

- October 15, 2020 3 MIN READ

  Perth-based angel investor Greg Riebe has been named the Angel of the year for his contribution to and impact on angel investment in the startup community in the annual Techboard 2020 Australian Angel Investment Awards. Despite fears that it would be a lean year for angel investment, Techboard found that total funds deployed by… Read more »

News & Analysis

Startmate’s first virtual Demo Day is on today and includes the first New Zealand cohort

- October 15, 2020 2 MIN READ

Startmate’s first-ever fully remote cohort of 16 Australian and New Zealand startups to pitch at live-streamed Demo Day this afternoon, October from 4.30pm. The event comes as Startmate opens applications for its hugely popular Office Hours program, on again this November, which aims to support up to 1000 founders from Australia and New Zealand by… Read more »

News & Analysis

IKEA’s Adelaide store will be self-powered by 2025 as the retailer eyes a move into renewable energy generation and supply

- October 14, 2020 2 MIN READ

IKEA Australia will install solar panels generating 1.2MW of electricity on the rooftop of its Adelaide store as it moves towards operating with 100% renewable energy by 2025.  The project will create largest grid-connected commercial microgrid, connecting with the South Australian power network, and will be coupled with a 3.4MWh onsite battery – think around… Read more »