News & Analysis

Australia is building a research submarine

- January 10, 2020 4 MIN READ

A three-year project to design, manufacture and test Australia’s first yellow submarine will begin next month. The fully reconfigurable Australian Research Experimental Submarine (ARES) will be used for hydrodynamic and crew efficiency testing of future submarine designs. A full business case is still being finalised ahead of the kick-off meeting in Adelaide, South Australia, in… Read more »

News & Analysis

Lithium-sulfur batteries could be the next big breakthrough in battery technology

- January 8, 2020 3 MIN READ

Lithium-ion batteries have changed the world. Without the ability to store meaningful amounts of energy in a rechargeable, portable format we would have no smartphones or other personal electronic devices. The pioneers of the technology were awarded the 2019 Nobel Prize for chemistry. But as society moves away from fossil fuels, we will need more… Read more »

News & Analysis

Adelaide’s space sector is shooting for the stars with some heavy hitters

- December 30, 2019 3 MIN READ

South Australia’s space industry has grown from infancy to adolescence in the 12 months since it was announced that the Australian Space Agency would be headquartered in Adelaide. The December 2018 Federal Government announcement has been a dose of rocket fuel for the local industry, attracting global companies, major investment and inspiring Adelaide’s space startup… Read more »

News & Analysis

Investors exit residential property startup BrickX with sale to VC firm Thundering Herd

- December 20, 2019 < 1 MIN READ

BrickX, the fintech startup that gave millennials an in to Australian real estate investment through a fractional ownership model in residential property, has been sold to Melbourne VC and private equity firm Thundering Herd. Investors buy “bricks”, currently worth between $34 and $159 each, in the 19 properties the startup has bought in Sydney, Melbourne,… Read more »

News & Analysis

Google settles ATO tax battle for $481.5 million

- December 18, 2019 < 1 MIN READ

Google has settled a long-standing dispute with the Australian Taxation Office (ATO) agreeing to pay an extra $481.5 million in additional tax in a major financial win for the federal government. The search giant’s agreement follows in the wake of similar deals with Microsoft, Apple and Facebook as part of a multinational e-commerce crackdown by… Read more »

News & Analysis

How a former tech journo, now at Australia’s startup coalface, sees the sector now and beyond

- December 18, 2019 6 MIN READ

Around about the time Melanie Perkins, Cliff Obrecht and Cameron Adams were founding Canva, Harrison Polites started out as a young technology journalist covering the nascent startup sector. A few years later, he’d cross over to what the media calls “the dark side” (with some, but not all jest), to work in PR specialising in… Read more »

News & Analysis

5 things you should know about tech today

- December 17, 2019 3 MIN READ

ACS President Yohan Ramasundara and CEO Andrew Johnson at the ACS AI Hub. Photo: Supplied   Hello Tuesday. Hello to the select few still working. Just a reminder that this time next week, you’ll be putting out carrots for the reindeer. Here’s what’s happened in the meantime. 1. Blackbird sings VC fund Blackbird Ventures scored… Read more »

News & Analysis

Openpay is the latest buy now pay later fintech to list on the ASX – and its shares slumped

- December 16, 2019 2 MIN READ

Melbourne buy now, pay later (BNPL) fintech Openpay (ASX: OPY) became the last major startup listing for 2019, although initial trading wasn’t as auspicious as MoneyMe’s debut last week and Tyro in early December. Openpay raised $50 million issue at $1.60 per share for a market capitalisation of $150 million. Demand for the IPO exceeding… Read more »

News & Analysis

The startup sector responds to a scathing report into the fraught R&D Tax Incentive

- December 13, 2019 4 MIN READ

  Australian Small Business and Family Enterprise Ombudsman Kate Carnell has recommended a suite of reforms to how the beleaguered Research and Development Tax Incentive (R&DTI) in a report released yesterday. The program has caused alarm in the startup sector since the government announced changes to it in the 2018 Budget, looking to save $2.9… Read more »