Australia’s nascent climate tech sector is already worth $4.2 billion and could deliver more than 2,000 new jobs in next 12 months, according to a landmark new report by Climate Salad. ANZ Climate Tech Industry Report, which surveyed nearly 171 climate-focused startups in Australian and New Zealand paints a picture of an industry that’s just… Read more »
Local largest climate tech startup accelerator EnergyLab has signed a partnership deal with New Energy Nexus (NEX) to help Australian startups expand into overseas markets. The deal will see EnergyLabs embrace international startups keen to expand into the Australian market, as well as giving local ventures access to offshore customers, capital, and resources in regions such… Read more »
Billionaire Mike Cannon-Brookes has won a major battle against Australia’s biggest energy company, AGL Energy, thwarting its plan to split up the company’s coal-heavy generation and power distribution assets. AGL’s board announced it was dumping its demerger proposal this morning. Heads have rolled too. Chief executive Graeme Hunt, chairman Peter Botten and non-executive director Jacqueline… Read more »
Energy is the double-edged sword at the root of the climate crisis. Cheap energy has improved lives and underpinned massive economic growth. But because most of it comes from burning hydrocarbon fuels, we’re now left with a legacy of high atmospheric carbon dioxide (CO2) and an emissions-intensive economy. But what if we could flip the… Read more »
A hackathon offering up to $10,000 for a startup ideas that tackle climate change via space will be held in Canberra next month. SpaceHack, on June 16-17, is a collaboration between the Canberra Innovation Network (CBRIN) and UNSW Canberra. Participants will have 30 hours over the two days to collaborate and compete for cash prizes… Read more »
Sydney social enterprise Good & Fugly has delivered a lifeline to farmers whose produce is being rejected by supermarket giants for failing to meet ‘beauty standards’. The brand has launched a produce ‘rescue’ hotline for farmers for the Good & Fugly team to purchase surplus fruits and vegetables. The 13-000-FUGLY hotline is a direct response to… Read more »
It started out as a simple idea that, on paper at least, seemed easy to execute: put recyclables into special bins to reduce landfill. But humans being human has turned recycling into a massive problem, with contamination – ie. rubbish – being put in recycling bins, which leads to the entire contents ending up in… Read more »
New Zealand carbon credits assessment startup CarbonCrop has raised an additional NZ$1.9 million (A$1,73m) ahead of a Series A later this year. The round led by WNT Ventures, which previously backed its $1.5 million Seed raise in 2020. Also signing on now are the Impact Enterprise Fund, K1W1 and Icehouse Ventures Climate Fund. The startup launched… Read more »
Acoustics data startup Ping, which monitors the sounds from wind turbine blades to detect problems and prevent damage, has cracked the Scandinavian market with its groundbreaking ice detection system The Adelaide startup developed the solar-powered Ping Monitor to analyse the sound generated by turbine blades as they rotate, delivering real-time data from any device remotely… Read more »
National startup and scaleup hub Stone & Chalk Group has become carbon neutral and is now on a drive help other companies achieve the same goal with support from software venture Trellis. Stone & Chalk Group CEO Michael Bromley said climate change and net-zero commitments are reshaping Australia’s corporate landscape, with leading tech companies such… Read more »
The latest report from the Intergovernmental Panel on Climate Change (IPCC) — which one of us (Arunima) contributed to — has emphasised the need for enormous change if we are to keep within the 1.5℃ warming limit. This Paris Agreement goal is currently beyond our reach. Achieving it would require drastic emissions reductions across all… Read more »
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 »
OK so I need to address it, and here are my thoughts on that slap! The slap that is the Climate Change crisis unfolding in front of our eyes. It’s shocking and it’s causing irreparable damage. The Great Barrier Reef is suffering its fourth mass bleaching since 2016 Antarctica recorded a new World Record for… Read more »
Unless you’ve been under a fossilised rock, you’ve heard about Mike Cannon-Brookes’ and the Canadian investment fund, Brookfield’s takeover bid for AGL. Would love to be a fly on the wall at AGL’s next shareholder meeting when they explain why they knocked back an offer that represented a 20% premium and avoided a “potentially value… Read more »
Welcome to Giant Leap’s Small Steps, a newsletter offering global insights and news on the impact startups landscape. We share an edited version with Startup Daily readers every fortnight. Giant Leap is Australia’s first impact venture fund, and they use this newsletter to surface the ideas and businesses that intrigue and inspire them and broaden… Read more »
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