Australia is a trading nation. Its economy relies on a strong and open global trade environment. Australian governments have historically rejected protectionist industrial policies that undermine fair competition, and Canberra has long been a staunch advocate of the World Trade Organisation, whose rules help “promote and protect the open global trading system”. Yet Labor has… Read more »
The federal government will directly intervene to support and subsidise key growth areas such as clean energy and innovative technologies in a significant policy shift that Prime Minister Anthony Albanese will take to the next election. In a speech to the Queensland Press Club on Thursday, Albanese set out a “more strategic and more sophisticated”… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
The Albanese government’s signature business investment vehicle, the $15 billion National Reconstruction Fund, has its first boss, with veteran Macquarie Group executive Ivan Power named as CEO. Power has worked in global investment for more than 25 years alongside a strong track record in working with early-stage startups and social ventures.. UNSW director of entrepreneurship… 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 »
Manufacturing process management platform Factory.app has raised $1.05 million in a Seed round led by early-stage VC Investible. The two-year-old Sydney software startup was also backed by TechnologyOne founder Adrian DiMarco, 1in100 Ventures, Beachhead Venture Capital, and Hugo-Hamman Investments. Serial entrepreneur Richard Hugo-Hamman, CEO of the legaltech firm The LEAP Group, along with HotelsCombined cofounder… Read more »
Australia’s federal parliament has approved a A$15 billion National Reconstruction Fund, intended to reverse the nation’s dwindling manufacturing sector. It is the “first step” in Prime Minister Anthony Albanese’s election promise “to revive our ability to make world-class products.” The fund will focus on investing in high-tech manufacturing. There are seven priority areas: clean energy… Read more »
The 2020-2021 Budget, to be delivered by the Treasurer next Tuesday, will be arguably one of the most important, if not the most important since the end of the Second World War. This year, the global economy is forecast to contract by around 4.5%. The world economy during the GFC declined by 0.1%. So in… Read more »
The federal government is selecting six priority areas for support in a $1.5 billion manufacturing plan Scott Morrison will outline in a pre-budget address. They are resources technology and critical minerals processing, food and beverage, medical products, recycling and clean energy, defence, and space. The plan will also focus on building “supply chain resilience” after… Read more »
Slingshot founder Trent Bagnall has launched a manufacturing accelerator The Melt will invest around $1m annually in industrial startups It’s also supporting corporates looking to ramp up R&D The first $1m raise was done in a fortnight Industrial prototyping lab and innovation accelerator, The Melt has announced its first investments in five startups with an… Read more »
July is the latest ecommerce venture for its cofounders: Athan Didaskalou founded coffee subscription business Three Thousand Thieves, while Richard Li cofounded online furniture retailer Brosa.
Konnective is a mobile app which acts as a “one-stop shop” for employees to communicate and access their existing internal systems.
The MDEC has announced the development of new digital startup hubs and incentives that it hopes will attract Australian startups to Malaysia.
The SA government has announced that it will extending Adelaide’s Gig City optic fibre network to the city’s coworking spaces and innovation hubs.
Pollenizer has today announced the launch of Next Monday, a program in Geelong to help the hundreds of workers who will be finishing up at the Ford factory following its closure this Friday figure out their next steps.
Unicorn dehorned: Nasdaq-listed Brisbane EV charging venture Tritium collapses into receivership 
‘Have I gone too far?’ How founders can beat their startup demons 
Tassie carbon accounting startup banks $5.3 million Seed round 
The lessons from Uber, Ola and rideshare’s disruption is that in the end, the consumer still pays 
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