The Morrison government and Big Four banks will commit $100 million each to the fund It will invest in around 30-50 high growth SMEs annually in return for a 10-40% equity stake The Business Growth Fund will have an independent management team selecting investments The government is talking to others to build the fund to… Read more »
The NSW government released a new report today from the state’s Innovation and Productivity Council (IPC) looking into the state of business there. The IPC’s Business Size Report cast its eye over more than 1.17 million businesses, from sole traders to large companies. It is based on 2015 data from the ABS BLADE… Read more »
The Federal Government has introduced reforms around its IT procurement processes to open up project opportunities to startups.
Looking to solve provide users a chance to collect and spend loyalty points across a broad spectrum of merchants and sectors is startup Loyalty App.
Today financial services group FlexiGroup has announced a $2 million investment into Perth fintech startup Kikka Capital. FlexiGroup has agreed to acquire a minority equity interest in Kikka with an option to increase investment in the future.
Fintech startup Spotcap has today announced its $11 million milestone in short-term credit lines and loans to SMEs as it celebrates its first year of business in Australia.
MYOB commissioned independent market research firm Colmar Brunton to conduct a nationally representative survey of 1,005 SMEs. One in four (25%) said their employees worked ‘mainly away from the office’, one in three (32%) said they worked ‘partly from home and from the office’ and the remainder did not have remote workers.
As the financial year comes to a close, today the Australian Bureau of Statistics (ABS) released its latest research about how Australian businesses connect with the Internet. The results are encouraging: Australian businesses received online orders worth $189 billion in the twelve months to 2010-11 which represents a 32% increase from the year before. At the same time, it’s clear that many small business owners have yet to fully embrace the web: only one third of businesses with four employees or less have a web presence.
Despite the introduction of the carbon tax being just weeks away, MYOB research reveals close to half of Australia’s small to medium business operators (SMEs) are uninformed about the legislation’s likely impact on their livelihood.