News & Analysis

Investment group Sydney Angels just gave 3 startups a $2.4 million boost

- May 26, 2020 2 MIN READ

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 »

Opinion

How paying for a ‘gap year’ for young people to work in startups is a better bang for taxpayer bucks after Jobkeeper

- May 25, 2020 4 MIN READ

If we want the best bang for our economic stimulus buck, we need young workers in startups  As we crawl towards our new definition of ‘normal’, one thing that’s become clear is that ‘recovery’ from COVID-19 isn’t a single goal; it’s a thousand small wins we will need to reach at different speeds.  Despite the… Read more »

Brains Trust

ACS Past President Yohan Ramasundara on how tech can respond to covid-19 and why ongoing investment matters

- May 19, 2020 3 MIN READ

  Yohan Ramasundara is an entrepreneur – the co-founder of Beta Launch and ISKOLE – and the Immediate Past President of ACS, the professional association for Australia’s technology sector. After two years helming ACS through one of the most productive eras for the local tech industry, Startup Daily asked him for his views on the… Read more »

News & Analysis

Appreci, a Queensland startup that lets you shout colleagues a coffee, is going global

- April 23, 2020 2 MIN READ

  Coffee break shout app Appreci, which lets colleagues buy each other cafe beverages, has a new backer, with Sydney-based Lakeba Group, which specialises in commercialising technology startups, taking a 35% stake in the gratitude platform to help it scale globally. The $430,000 investment is timely for the Queensland-based startup, which has 59 corporate customers,… Read more »

Opinion

FinTech Australia says government should invest directly in the sector to create a startup boom

- March 5, 2020 4 MIN READ

FinTech Australia managing director Rebecca Schot-Guppy appeared before the Senate Select Committee on Financial Technology and Regulatory Technology last week. The committee is investigating the potential and opportunities in FinTech and RegTech for Australian business and consumers and initiatives to promote startups in the sectors. The committee is due to hand down its final report in… Read more »

News & Analysis

Overseas investors are increasingly important to Australia’s venture capital market

- March 2, 2020 < 1 MIN READ

Overseas investors are playing an increasingly important role in Australia’s venture capital support for startups according to new data from the Australian Bureau of Statistics (ABS). While the latest figures, which date to the end of the 2019 financial year, show a 1% fall in the value of commitments – the capital pledged by investors… Read more »

News & Analysis

7 charts on the state of VC investment in Australia

- September 3, 2019 3 MIN READ

Ian Gardiner has been working with the Australian startup ecosystem for more than 15 years co-founder of Innovation Bay, helping entrepreneurs network, raise capital and collaborate. But even the startup veteran admits that despite the millions raised in seed funding and the thousands of entrepreneurs he’s met and worked with over that time, little was… Read more »

News & Analysis

Design ‘unicorn’ Canva’s value is reportedly set to double to $2.5 billion

- May 20, 2019 3 MIN READ

Canva has bought two of the world’s biggest free stock content sites Pexels and Pixabay. It’s also launched Photos Unlimited, a “Netflix-style” stock photography subscription service The Sydney startup is reportedly raising more cash that could more than double the company’s value to $2.5 billion   Graphic design and publishing startup Canva has spent some… Read more »

bias
News & Analysis

Calls for a machine learning hub are growing as Australia falls behind in the AI race

- May 15, 2019 2 MIN READ

Australia is spending a fraction of its GDP on artificial intelligence and machine learning, compared to its international rivals, and will lose jobs without increased investment in the technology, experts says. Analysis by the University of Adelaide’s Australian Institute for Machine Learning (AIML), which is pushing to establish a National Centre of Excellence in Machine… Read more »