People and culture platform Culture Amp has been forced to shed 8% of its workforce as global impact of coronavirus hits the international arms of the business. CEO and co-founder Didier Elzinga announced the redundancies to the team on Thursday, with 36 positions going. While the company continues to grow, it has revised down growth… Read more »
As companies were suddenly forced into remote working, there was a massive surge in demand for collaboration software to help employees collaborate when not physically together. There was plenty of emphasis on video conferencing tools like Zoom, which recently revealed it now has 300 million daily meeting participants, but what about when you actually need… Read more »
The astonishing resurrection of Afterpay’s share price after falling below $10 just two months ago continued today with the buy-now-pay-later fintech’s share price briefly topping $50 in morning trade today. Afterpay (ASX: APT) closed at a new record high on Monday of $49, having announced that interim chair Elana Rubin will step into the role,… Read more »
Sydney Angels, the 100-plus member investment group backing early stage startups, has sent a strong signal to founders with good ideas, announcing $2.4 million in total investment across three tech startups. The three ventures are: Trendspek, a Sydney software ventures that converts drone footage of critical infrastructure that’s difficult to inspect for maintenance, such as… Read more »
Venture capital (VC) funding for startups has fallen by around 20% since December 2019 as the covid-19 pandemic smashed the global economy, but the impact is unevenly distributed according to new research from Startup Genome. The California-based analytics firm’s latest report into global startup funding, the first in a series its planning looking at the… Read more »
The quantum technology sector could be worth more than $4 billion annually and create 16,000 jobs by 2040, according to a report by CSIRO. The Growing Australia’s Quantum Technology Industry report sees potential in everything from national security to mineral exploration, drug and materials development, and communications from spin offs resulting from quantum physics developments.… Read more »
G’day team, it’s Friday and just as you’re allowed out, it starts to rain.. And here’s what’s going on. 1. Apple comes to CovidSafe’s rescue Remember the problems for iPhone users with the Australian government’s contact tracing app, CovidSafe? It was all about the Bluetooth – the detection device in the app – not working… Read more »
One of the biggest issues companies face when on a cost cutting drive is getting employees on board with the plan, but a recently launched Sydney startup, Expense Mate is hoping to change that by rewarding staff for helping make savings. Founder Cemlyn Jones said the software platform, which launched in early February, was initially… Read more »
The Morrison Government released the eagerly anticipated discussion paper for the Technology Investment Roadmap overnight, with the 74-page paper, prepared by the Department of Industry, Science, Energy and Resources, focused on climate change, emissions reduction and energy sources. The paper’s name is somewhat misleading for the broader startups sector, with the goal of the plan… Read more »
Scientists will focus on genes to improve cancer treatments and make better wine at a new $7 million research centre in Adelaide, South Australia. Interim scientific director Professor David Lynn said the state-of-the-art South Australian Genomics Centre would open in July to advance the state’s increasingly important work studying the genes that make up animals,… Read more »
Welcome to Tuesday and some big news globally. 1. SoftBank posts record loss Japan’s SoftBank has posted a shocker in its annual results for the fiscal year to March 31, revealing its first annual loss in 15 years in a A$49 billion turnaround. Alibaba co-founder Jack Ma resigned from the board, just ahead… Read more »
While many businesses have been forced to close as part of social distancing measures to reduce the risk of coronavirus, one entrepreneur’s poison is another’s meat and alongside covering how to get through the next six months, and detailing what’s happening in small business land in our series “From The Frontline“, as well as recognising… Read more »
It’s Friday. Where did the week go? Here’s the latest. And to anyone in NSW, enjoy your pub schnitty if you can get a seat among the lucky 10. 1. Google Australia pays more tax Google Australia paid $133 million in tax in 2019, following on from an agreement with the ATO late last year to… Read more »
Alongside the negative impact to trade, recent research by MYOB has revealed two-thirds of small business owners feel their mental health and wellbeing has also been impacted by the COVID-19 pandemic. In response to the findings, MYOB has joined forces with mental health provider Smiling Minds to help small business owners tack control of their… Read more »
The medtech and telehealth are sectors that have benefited greatly from the disruption caused by covid-19 as the digital transformation of healthcare escalated dramatically. Among the online ventures riding that wave is Umbo, an online allied health services provider specialising in speech and occupational health. Umbo makes it easier for people to see a… Read more »
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