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Startup Genome report highlights Sydney as a top 10 global ecosystem for local connectedness
While no overall rankings released this year, the 2018 Startup Genome report has identified Australia cities as ecosystems to watch.
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Record NZ$86 million invested into New Zealand startups in 2017
More investment was poured into New Zealand startups than ever before in 2017, with NZ$86 million ($81.7 million) invested into 111 companies.
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Small businesses not doing enough to leverage tech to keep up with consumer expectations, report finds
Only 50 percent of Australian SMBs have a website, while 48 percent of consumers stated they will stop considering a business if it doesn’t have a website.
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Nine in 10 large Australian businesses have deployed artificial intelligence tech, survey finds
Almost half the leaders surveyed believe these deployments are “greatly outpacing” the accuracy and productivity of humans doing the same task, with 69 percent in turn stating their workers are concerned AI will replace them.
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Venture capital investment into Australian startups hit US$555 million in 2017
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
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Insurtech is an expanding global industry thanks to claim and drone startups, says report
InsurTech has been pinned as a growing industry thanks to claim and drone startups, although it is faced with fundamental challenges, according to a report.
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ABC looks to support rise of podcasting through the launch of new audio app
The ABC has announced the release of ABC Listen, a new app centred around providing listeners an easier way to access radio shows and podcasting content.
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Sydney’s International Convention Centre launches virtual VR tour
Sydney’s ICC launched a VR experience that will allow businesses, travellers, and event organisers to virtually scout out the venue through an app.
Advice
Sydney startup ToolMates Hire is a peer-to-peer lending marketplace for tools and machinery
ToolMates Hire is the latest platform to make a splash in the P2P lending market, allowing users to do exactly what its name suggests – lend and hire tools.
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Victoria’s startups well supported but more must be done to boost diversity and access to talent, report finds
The report, Mapping Victoria’s Ecosystem, is a result of a survey produced by LaunchVic in collaboration with Startup Victoria and dandolopartners, which polled over 1600 companies across the state.
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ASX-listed company Catapult Sports acquires sportstech products from Brisbane’s SMG Technologies
Catapult Sports has announced the acquisition of SportsMed Elite and Baseline, two digital sportstech products from SMG Technologies, for $3.9 million.
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Australia pinned as top nation for fintech funding outside of core markets, report finds
Australia is the top nation, alongside Brazil, facilitating the largest fintech deals outside the global core markets, according to a CB Insights report.
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Australia’s game development industry growing through expansion into other sectors, report finds
Australia’s gaming industry grew at a 9.6 percent CAGR between 2013 and 2016 as it expanded into other sectors, according to a joint report.
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Federal Government committee finds Australian STEM education is on a “decay curve”
A Federal Government committee has warned that there must be more investment in quality STEM education if Australia is to turn back the “decay curve” of STEM-capable students and grow its “nascent but promising” innovation ecosystem.
Advice
Landchecker harnesses government data to deliver free land inspection reports and information
LandChecker helps potential buyers to quickly find out what zone a property is in and whether the space holds any type of restriction.
