News & Analysis

Australian-designed electric air ambulances are set to hit the sky by 2023

- November 26, 2020 2 MIN READ

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 »

News & Analysis

One of the internet’s inventors backs Google in its fight over paying Australian media for news

- November 26, 2020 2 MIN READ

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 »

News & Analysis

Victoria’s budget has $186 million for startups, including $10m for angel investment in female founders

- November 24, 2020 4 MIN READ

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 »

ASX

Enterprise SaaS veteran TechnologyOne had a bumper 2020

- November 24, 2020 2 MIN READ

  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 »

Funding

Twiggy Forrest is backing a new robotics vehicle startup by Zoox’s Australian co-founder

- November 24, 2020 < 1 MIN READ

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 »

News & Analysis

The Australian video game industry’s push for a 30% tax offset just landed another powerful ally

- November 19, 2020 3 MIN READ

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 »

News & Analysis

Kiwi electric engine startup ZeroJet wants solve the boating industry’s massive pollution problem

- November 19, 2020 2 MIN READ

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 »

Fleet Space Technologies
News & Analysis

Southstart moves Thursday’s State of the Re: Union festival online as Covid-19 resurfaces in Adelaide

- November 18, 2020 2 MIN READ

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 »