Sydney startup AMSL Aero has built a battery-powered Vertical Take Off and Landing (eVTOL) aircraft with a cruising speed of 300kmh that could hit the skies as an air ambulance in 2023. The Vertiia eVTOL prototype, developed in conjunction with University of Sydney researchers and Australian aeromedical company, CareFlight, can travel at twice the speed… Read more »
US tech pioneer Vint Cerf, the man dubbed “father of the internet” for his work co-designing TCP/IP protocols, has backed his employer, Google, in its fight against the Australian government’s plans to make tech giants Google and Facebook pay media companies for using their content. Cerf, who has worked for Google as a vice president and… Read more »
2020 feels like a year where everyone should get a prize simply for making it to the end. From parents who found themselves juggling work and children during lockdowns, to founders who saw their carefully nurtured idea vanish as Covid-19 hit, and investors who doubled-down on their portfolio companies to keep the runway long enough,… Read more »
An app to maximise your tax refund and a startup that wants to turn renters into homeowners are among four startups pitching for a $150,000 investment today as part of the x15ventures Xccelerate program. x15ventures is the Commonwealth Bank’s venture building entity and this is the second Xccelerate program following on from two sisters Frances… Read more »
Morse Micro, which is reinventing Wi-Fi technology for the Internet-of-Things (IoT), has raised an extra $18 million in its Series A to take the total round to $42 million. The Sydney deep tech venture, founded in 2016, has some of original inventors of Wi-FI in the team and will use the funds to expand its… Read more »
Female startup founders in Victoria will have access to $10 million in angel investment under a new fund announced in the state budget today. Treasurer Tim Pallas allocated $10 million towards the Women Founders Angel Sidecar Fund while hoping it will unlock a further $30 million in private sector equity. The funds are part of… Read more »
Underlying Profit Before Tax of $86.1m, up 13% Revenue of $269.8m, up 12% SaaS Annual Recurring Revenue of $134.6m, up 32% Total Dividend of 12.88cps, up 8% Coronavirus has been kind to enterprise software company TechnologyOne (ASX: TNE), with the country’s market leader announcing its annual results to September 30 today with revenue, underlying… Read more »
Impact startup Like Family has raised $2 million in seed funding in a round led by Giant Leap Fund. Alberts Impact Capital and Pangaea Impact Investments also invested in Like Family (formerly Home Care Heroes) for its continued Victorian expansion and to grow the team. Jenna Leo and Mathieu Bertrand founded their NDIS-approved marketplace in… Read more »
Serial Australian entrepreneur Tim Kentley-Klay is back in founder mode two years after being fired from his autonomous mobility company Zoox, with a new robotics ventures that’s attracted support from mining billionaire Andrew “Twiggy” Forrest. His latest idea, launched this year, is HYPR – not to be confused with the US influencer marketing platform or… Read more »
Ruslan Kogan, CEO of Kogan.com, and his co-founder and CFO David Shafer have scored $75 million windfall after shareholders voted narrowly in favour of granting the duo 6 million share options at a fraction of the current share price. At today’s AGM, the deal, struck in May at an options share price of $5.29, was… Read more »
Video game production is worth around $250 billion annually, but Australia’s slice of that pie is tiny – just $114 million. It’s so paltry New Zealand’s games industry generates more revenue, while the UK and Canadian game development industries are 10 times bigger than Australia’s. The local sector believes it can easily become a $1… Read more »
New Zealand engineering startup ZeroJet is hoping to transform the boating industry by replacing outboards in a five year plan that would be like taking 1.5 million cars off the road. The Auckland-based company, founded in 2015 by Neil Mans and Bex Rempel, built the world’s fastest and lightest electric jet boat, with a top… Read more »
● Revenue of $26m, up 41% on H1 FY20 and ahead of prospectus ● Loan originations of $167m, up 33% on H1 FY20 ● Loan portfolio increased to $435m, up 42% ● NLAT (pro-forma) decreased to $3.4m, down 57% ASX-listed fintech Plenti Group Limited (ASX:PLT) released its inaugural half-year results as a listed company for… Read more »
A South Australian company that initially made its mark by pioneering school messaging systems has changed its name to help it ramp up a global push into the smartwatch market. MGM Wireless shareholders last week voted to change the company’s name to Spacetalk Ltd to reflect its move into the market for smartphone watches designed… Read more »
Innovation and ideas festival, _SOUTHSTART has moved its State Of The Re: Union event in Adelaide this Thursday, November 20 – coinciding with Global Entrepreneur Week – online in response to a Covid-19 outbreak in the city. Organisers were forced to cancel today’s event after guests flying from Queensland were forced to withdraw when their… Read more »
Victoria’s budget has $186 million for startups, including $10m for angel investment in female founders
Impact startup Like Family raises $2 million seed round to tackle loneliness
Why you should never give your MVP away for free or at a discount
Twiggy Forrest is backing a new robotics vehicle startup by Zoox’s Australian co-founder
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