Dispelling the myths that sustainability is too pricey or difficult for small businesses to implement, a free digital masterclass next week will sort fact from fiction. Startup Daily’s sister publication Kochie’s Business Builders and cleantech startup Greener for Business are inviting startups to join the charge and discover how to tackle your net zero emissions… Read more »
ASX-listed Earlypay is acquiring invoice financing fintech Timelio in a deal that delivers a major haircut for the startup’s investors. The Melbourne fintech provides invoice and trade financing to Australian SMEs, but appears to have been on a downward trajectory for more than 12 months. Cofounders Charlotte and Andrew Petris left Timelio in mid-2022. Charlotte… Read more »
Solar panel startup SunDrive has opened a pilot production and commercialisation facility in southern Sydney, having also landed another $11 million in funding from the government-backed Australian Renewable Energy Agency (ARENA). Prime Minister Anthony Albanese and climate change and energy minister Chris Bowen opened the plant in Kurnell on Wednesday. SunDrive, which has received extensive… Read more »
UNSW Founders held its annual 10x Demo Day this week with 25 startups taking part, spanning programs focused on synthetic biology (synbio), climate, health, defence and an all-industries cohort that includes the crowd-lending impact platform LendForGood. The Climate 10x Accelerator was set up as part of the $280 million Trailblazer for Recycling and Clean Energy (TraCE)… Read more »
Getting the right technology and expert advice has brewed success for Perth-based coffee roasting company and online retailer Grouch & Co. Renata Taylor’s grandma was quite the legend. Picture this: a Croatian immigrant in Australia, roasting coffee beans over a stovetop in her kitchen, and then throwing them across a table with newspapers to cool… Read more »
Pioneering brewery management software start-up Abbl is recipient of unicorn status Scalapay’s inaugural $10,000 Scale Up Scholarship Quiet Australian fintech Scalapay has launched a new $10,000 scholarship program to support founders as they take their startup to the next level. The Wollongong-headquartered buy now pay later (BNPL) became a $1 billion+ valuation “unicorn” in 2021 after… Read more »
Australia’s newest biotech incubator, Jumar Bioincubator, is seeking expressions of interest from early-stage biotech to be part of the Melbourne-based program. The $30 million incubator will connect early-stage and scaling biotech ventures with state-of-the-art facilities, infrastructure, and support to turn ideas into treatments and commercialise medical research. Jumar is a mountaineering technique where climbers receive… Read more »
Biotech incubator CUREator has allocated $12 million in venture funding to 19 projects focused on a range of global health issues, ranging from treatments for lupus, motor neurone disease, brain and ovarian cancer, and inflammatory bowel disease, as part of its second cohort. Backed by the federal government’s Medical Research Future Fund (MRFF), which invested… Read more »
The “global first” of $5 a litre “raw” milk has not been the innovation goldmine the founders of diary tech startup Made by Cow had hoped, with the business placed in voluntary administration last week and closing its doors. The Sydney startup developed a patented method to treat milk so it was safe to drink… Read more »
Electric vehicle sales are surging. Australian sales doubled in 2022 to 3.8% of all new vehicle purchases, and were up 780% in the first two months of 2023 compared to a year ago. In the United States, Europe and China, the market share of electric vehicles is much higher, helped by greater government support. As… Read more »
ASX-listed regional airline REX has taken a 20% stake in electric passenger planes startup Dovetail Electric Aviation. The terms of the deal were not disclosed. A REX board member will join the Dovetail board. The investment follows a collaboration partnership struck last year with REX, which provided Dovetail with a Beechcraft King Air as flying… Read more »
New NSW Labor premier Chris Minns has deleted his TikTok account as the state follows in the footsteps of federal Labor in banning the Chinese-owned social media app on government-issued devices. Minns said the decision follows advice from the Commonwealth. On Tuesday federal Attorney-General Mark Dreyfus issued a directive to remove the TikTok app from… Read more »
ASX-listed accounting platform Xero has more than doubled its net loss on the previous year to the chagrin of investors who wiped more than $1 billion from the company’s valuation following the announcement and news that CEO Steve Vamos is stepping down after nearly five years at the helm. The New Zealand tech company’s half… Read more »
Startup Daily and AWS invite you to a unique panel and networking event to lift your founder spirit: AWS Think Big. In a series of short, sharp chats, Startup Daily Editor and Host Simon Thomsen will talk to leading founders, VCs, and tech leaders who’ve been through scaling up. As the adage goes… “a problem… Read more »
Co-working startup space operator Tank Stream Labs is preparing to open a new premium office in Sydney’s Barangaroo later this year. Tank Stream Labs has pre-committed to 4,400 square metres across two levels in International Tower Three, part of Lendlease’s carbon neutral Barangaroo precinct. “It’s very exciting,” Tank Stream Labs CEO Bradley Delamere told Startup… Read more »
Job-ready sales talent edtech Earlywork banks $1.5 million Seed round 
Airtasker cofounder Jonathan Lui’s proptech app, Soho, banks $750,000 to hit $20 million valuation 
Sweat re-equity: Bikini Body founders Kayla Itsines and Tobi Pearce buy back their fitness app 
B2B BNPL BizPay, which hoped to list at a $400 million valuation, has been placed in voluntary administration 
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