Politics

$1.3 billion defence drone project canned as Budget spends $10 billion on boosting offensive cybersecurity capabilities

- April 7, 2022 2 MIN READ

The government’s REDSPICE cyber security program – a $9.9 billion centrepiece to last week’s budget – has come at the cost of a $1.3 billion Sky Guardian drone project which has already set taxpayers back $10 million, senate estimates revealed on Friday. Despite the $9.9 billion headline figure championed by the Treasurer in his budget speech, a… Read more »

Funding

New Zealand’s Icehouse Ventures is raising a $20 million fund to back female founders

- April 6, 2022 2 MIN READ

Auckland-based VC Icehouse Ventures has raised its first NZ$5 million towards a $20m target to invest in women-led startups. The new ArcAngels Fund II is Aotearoa’s largest fund investing exclusively in female-founded and led ventures. Theresa Gattung, Chair of Global Women and the Kiwi lead for women entrepreneur initiative SheEO, is a cornerstone investor in… Read more »

Space

Perth microsatellite startup LatConnect 60 is heading to orbit with Gilmour Space

- April 6, 2022 2 MIN READ

Perth-based startup LatConnect 60 (LC60), an Earth observation and data fusion company, is partnering with Queensland rocket company Gilmour Space Technologies, in a project to to build and launch the first microsatellite in a planned high-resolution hyperspectral imaging constellation. LC60 CEO and founder Venkat Pillay, and Gilmour Space’s Adam Gilmour announced the deal at the… Read more »

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Other tech

Australian researchers have developed a new algorithm to build better blockchains

- April 6, 2022 2 MIN READ

A global team of researchers, including from Monash University, have developed a new algorithm that will enable building more resilient, efficient, and faster blockchains. The algorithm is a new Byzantine Fault Tolerance (BFT) consensus protocol, which is used to overcome faults and avoid system failures, especially in blockchain applications. The higher the fault tolerance the… Read more »

cybersecurity
Cyber security

Canberra ramps up cyber skills training with pilot program looking to meet industry demands

- April 5, 2022 2 MIN READ

The Canberra Cyber Hub, ACT Government and Digital Skills Organisation (DSO) have partnered together to deliver a pilot program aimed at addressing the massive shortage of a skilled workforce in cyber security. DSO CEO Patrick Kidd said the 12-month pilot will help identify which skills companies will be need on the cybersec front in the… Read more »

Funding

Equity crowdfunding platform PledgeMe rebrands as Microwd to focus on female-founded startups

- April 5, 2022 2 MIN READ

The Australian arm of New Zealand equity crowdfunding startup PledgeMe is back with a new name, Microwd, new owners and a new focus to back female-led startups. While the Kiwi side of the decade-old CSF venture continues, the seperate Australian business has been acquired by investment software company Finley Capital Partners, which has appointed Megan… Read more »

ASX

Schneider Electric snaps Brisbane startup Aurtra in multi-million dollar deal

- April 5, 2022 2 MIN READ

Brisbane infrastructure monitoring startup Aurtra has been acquired by French multinational Schneider Electric in a multi-million-dollar deal. The startup, founded in 2017 by Dr Richard Harris, Steve McRae and Terry Woodcroft, was built on sensor technology developed at the University of Queensland technology to monitor the health of electricity network transformers. Aurtra licensed the patented… Read more »

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Climate Tech

KPMG is on the hunt for eco-startups tackling nature and biodiversity issues, offering a $100,000 prize

- April 5, 2022 2 MIN READ

Consultancy giant KPMG Australia is offering a $100,000 prize to a startup working on tech solutions to address nature and biodiversity-related problems as part of a new program. The KPMG Nature Positive Challenge is designed to encourage and support the growth of the nation’s most innovative startups and impact ventures in the eco space. The… Read more »

Other tech

The federal government is spending $1.6 billion over 10 years to take university research across the ‘valley of death’ to commercialisation

- April 5, 2022 4 MIN READ

The federal government is investing $2.2 billion for university research commercialisation which would place “university innovation and industry collaboration front and centre of Australia’s economic recovery.” Part of this funding includes $1.6 billion over ten years for Australia’s Economic Accelerator – a new competitive funding program to help university projects bridge the so-called “valley of… Read more »

Other tech

House-sharing startup The Room Xchange launched verification for potential roomies

- April 4, 2022 2 MIN READ

Melbourne startup The Room Xchange has launched a mandatory verification feature on its house-sharing platform. Founder and CEO Ludwina Dautovic said the new ‘Verified’ feature also ensures that all profiles are real and current, with the site’s search algorithms simplifying the matching process to make it easier for people to find the right housemate based on personality,… Read more »