Covid-19

Commonly asked questions about what you can and can’t do in Melbourne and Victoria right now

- October 21, 2020 4 MIN READ

Victoria recorded one new case of COVID-19 on Monday, another fantastic result that suggests the coronavirus outbreak there is now being well controlled. Premier Daniel Andrews said on Tuesday the state was “well placed this weekend to be able to make very significant announcements about a further step to opening”. Yesterday there were 3 new… 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 »

Global tech

Is releasing the new iPhone 12 without a charger really a smart waste-reduction move, or clever cash grab by Apple?

- October 19, 2020 4 MIN READ

Apple has released its new smartphone, the iPhone 12, without an accompanying charger or earbuds. Users have harshly criticised the company for this move and will have to purchase these accessories separately, if needed. While some see it as cost-cutting, or a way for Apple to profit further by forcing customers to buy the products… 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 »