Treasurer Jim Chalmers says embracing technology will be a core tenet of Anthony Albanese’s re-elected Labor majority government following Saturday’s landslide victory against a Liberal-National coalition led by Peter Dutton. The prime minister’s victory guaranteed Labor a second consecutive three-year term and saw Dutton lose both his Brisbane seat of Dickson and his leadership of… Read more »
Australia’s peak science and tech body has warned the Coalition’s plans to shut down Labor’s $15 billion manufacturing fund would put a handbrake on the nation’s innovation efforts. Citing Coalition sources, the AFR reported last week that if the Coalition wins the upcoming May election it plans to redirect all remaining capital allocated to the National… Read more »
The National Reconstruction Fund Corporation (NRFC) has gone into Christmas shopping mode, investing nearly $50 million in two days in two tech companies, today announcing $22.5 million for 12-year-old sovereign cloud data security company Vault Cloud. The equity investment comes just 24 hours after leading a $50 million raise for Adelaide IoT and satellite maker… Read more »
The federal government’s $15 billion National Reconstruction Fund has made its third investment, tipping $25 million to lead a $50 million raise by Internet of Things (IoT) satellite builder Myriota. It’s the first raise in four years by the Adelaide space tech startup since former PM Malcolm Turnbull was among the backers of a $28 million… Read more »
The federal government’s $15 billion National Reconstruction Fund has made its second investment, taking a $13 million equity stake in Canberra startup Quantum Brilliance. It follows $40 million for a mining tech manufacturer announced last month. The National Reconstruction Fund Corporation (NRFC) funding is for QB to build Australia’s first quantum diamond foundry for its… Read more »
Last week the industry and science minister Ed Husic stood in front of Australia’s tech titans at the National Tech Summit, telling them the $15 billion National Reconstruction Fund was about to announce its first investments. Today Husic delivered on the promise, announcing $40 million for a manufacturer in Queensland. The funds went to Toowoomba-based… Read more »
The Albanese government’s industry and science minister Ed Husic swung by the Tech Council of Australia’s summit in Melbourne today to let them know things are going to happen. Traditionally, politicians rock up to events with big, bold announcements. Husic announced that he’s going to be making announcements. It’s nearly a year since the minister… 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 »
StrongRoom will be wound up as EVP names the startup’s early investors as defendants in expanded legal action to recover $10.4 million 
SLIP, SLOP, SLAPDASH: Choice tested 20 SPF 50 sunscreens – and 80% failed 
Leigh Jasper leads a new $50 million fund backed by Australian unicorn founders 
New Zealand’s first founder salary survey shows it takes about about 2.5 years to get paid and Auckland’s the place to make the big bucks 
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