News & Analysis

OZDAQ: The ASX’s new tech index goes live on Monday with 46 companies worth $100 billion

- February 21, 2020 4 MIN READ

  A new index featuring ASX-listed companies in the fast-growing technology sector launches on the Australian stock exchange on Monday. The S&P/ASX All Technology Index (All Tech Index), a partnership between the ASX and  S&P Dow Jones Indices using the S&PDJI methodology, will go live on February 24, with an Australian version of the US… Read more »

News & Analysis

DiDi’s Sydney expansion is about to make things tougher for ridesharing rivals Uber and Ola

- February 20, 2020 2 MIN READ

  First mover Uber has managed to capture 90% of Australia’s ridesharing market, a Roy Morgan study has revealed, but competition is expected to heat up as Chinese rival DiDi enters the Sydney market next month. When Uber first arrived in 2013, the service was illegal, but managed to establish its dominance before ridesharing was… Read more »

News & Analysis

A simple finger prick test by an Adelaide medtech startup could transform the global nutrition market

- February 20, 2020 3 MIN READ

Blood testing technology developed by South Australian medical researchers is poised to transform the nutrition industry. Adelaide-based Trajan Nutrition is starting to market its new nutrition testing globally after proving the technique can replace costly and time-consuming vial blood testing with a simple finger prick. The team is looking to break into the United States,… Read more »

News & Analysis

POWERING UP: Mike & Annie Cannon-Brookes are spending $12 million to bring a little sunshine to 100 bushfire-hit communities

- February 20, 2020 2 MIN READ

Fire-ravaged Australian communities struggling for power will have an solar energy solution thanks so Atlassian co-founder Mike Cannon-Brookes and his wife Annie. The duo are investing up to $12 million in a venture called Resilient Energy Collective (REC), designed to rapidly deploy solar panels and Tesla batteries in communities that have lost power in natural… Read more »

News & Analysis

5 things you should know about tech today

- February 19, 2020 3 MIN READ

  Happy humpday. We hope you’re being paid the right wage.   1. WiseTech shares smashed (again) as it blames coronavirus for revenue downgrade Shares in Sydney-based logistics company WiseTech (ASX: WTC) are being smashed today after the company downgraded its revenue and earnings forecasts for the second half of FY2020, blaming coronavirus. The company… Read more »

News & Analysis

Australia’s Space Agency HQ launches in Adelaide

- February 19, 2020 3 MIN READ

More than 1000 space leaders including NASA representatives and the president of the Italian Space Agency are in Adelaide today for an industry forum as the local sector continues to gain momentum. Prime Minister Scott Morrison began the day by officially opening the new Australian Space Agency headquarters at the Lot Fourteen innovation precinct. The… Read more »

News & Analysis

5 things you should know about tech today

- February 18, 2020 4 MIN READ

Hello and happy Tuesday. For Jeff Bezos, it’s just another Day One on earth.   1. Holden out Tesla’s share price shot through the US$800 barrier last week and on Friday Elon Musk’s company announced it was selling 2.65 million secondary common stock offering at $767, a 4.6% discount from the closing price, to raise… Read more »

News & Analysis

Australia’s agtech sector is lagging behind New Zealand and the USA when it comes to connecting

- February 17, 2020 3 MIN READ

An investigation of social network connections – seen as a key indicator of innovation – on LinkedIn between Australia, the US and New Zealand concluded Australia’s agtech sector is falling behind the others.  Australia’s agtech network is dominated by a few key players while the US and New Zealand agtech networks are more evenly distributed. Compared… Read more »

News & Analysis

Bootstrapped procurement software venture Portt waits a decade to take on $4 million VC stake

- February 17, 2020 < 1 MIN READ

A Sydney-based contract and supplier software platform Portt, which spent a decade bootstrapping its way into a global business, has finally take on its first outside funding as it looks to tackle slavery risks in company supply chains. Co-founders and co-CEOs Chris Holmes and Andre Pinkowski raised $4 million in a round led by the… Read more »

News & Analysis

The Victorian startups walk out with $450,000 in contracts from the first accelerator for government work

- February 14, 2020 2 MIN READ

  Three Victorian startups, Envision Systems, Sky Ledge and WeGuide, have landed contracts worth $450,000 as the first cohort of CivVic Labs, the accelerator to startups to gain access to government procurement contracts. Each startup received $150,000 from the Better Care Victoria Innovation Fund. Sky Ledge will work with St Vincent’s Hospital to build out the prototype of a… Read more »

News & Analysis

Sextech is a thing and a Valentine’s Day hackathon in Melbourne is spending the weekend figuring out where to next

- February 13, 2020 2 MIN READ

  Two years after Sydney put on its best o-face for Australia’s first Sextech hackathon, it’s Melbourne’s turn to find its erogenous zones this Valentine’s Day. Future of Sex entrepreneur Bryony Cole and Disruptors Co. founder Gavin Heaton are hosting a weekend-long hackathon at South Melbourne co-working site CreativeCubes.Co, running February 14-16. Amid ongoing debate… Read more »