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Australian agtech OneCrop takes out first prize at the Future Food Asia Awards
Australian agtech startup OneCrop was this week named the winner of the first prize at the Future Food Asia Awards, taking home US$100,000 in prize money.
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Recruitment startup Vervoe raises $4.6 million in round led by Seek
Recruitment platform Vervoe has raised US$3.5 million ($4.64 million) in a funding round led by Seek, which kicked in US$2 million, with participation from investors including former Etsy and Squarespace COO Jesse Hertzberg and Ruslan Kogan.
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New Zealand startup Aquafortus signs licensing deal worth US$40 million with Texas company
New Zealand startup Aquafortus has signed a licensing agreement with Texas-based PetroH20 Recovery worth US$40 million ($53 million) for the first three years, and US$25 million ($33 million) each subsequent year. Aquafortus has created zero liquid discharge (ZLD) technology that takes in wastewater with high levels of salinity and separates the brines into dry mineral… Read more »
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WA Government launches $3.3 million STEM skills strategy with focus on disadvantaged areas
The WA government has launched a state STEM skills strategy to help students and the current workforce alike develop science, technology, engineering, and maths (STEM) skills to prepare for “the jobs of the future”.
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Square to build out first engineering hub outside of North America in Melbourne
In Melbourne to celebrate Square’s second birthday in Australia, the company’s cofounder and CEO Jack Dorsey announced Square is set to build out an engineering hub down under, its first outside North America. “We have been humbled by the support Square has received from Australia’s business community over the past two years. Australia is an… Read more »
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StartCon partners with Right Click Capital to run Pitch for $1 million competition across APAC
StartCon has partnered with Australian venture capital firm Right Click Capital to launch pitching competition Pitch for $1 million across Asia-Pacific, with the winner to be receive $1 million in funding. The final will be held in Sydney during the annual StartCon conference in December, following regional final events across APAC, including in Singapore, Chennai,… Read more »
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SafetyCulture raises $60 million Series C round led by Tiger Global Management
Townsville-founded startup SafetyCulture has raised $60 million in a Series C round led by New York firm Tiger Global Management, with participation from existing investors including Blackbird Ventures, Index Ventures, and Atlassian cofounder Scott Farquhar. With the startup last having raised a $30 million Series B in October 2016, the fresh funding brings the total… Read more »
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Melbourne Accelerator Program reveals 2018 cohort
The Melbourne Accelerator Program has revealed its latest cohort, welcoming 10 startups into the fold. Set to kick off on May 30, the five month program will see participants receive $20,000 in equity-free funding to help further their growth. Now in its seventh year, the University of Melbourne-backed program counts 44 graduates, among them online… Read more »
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Short term rental management startup MadeComfy raises $6 million led by Investec
Sydney rental management startup MadeComfy has raised $6 million in a funding round led by investment bank Investec, with participation from existing investors. It follows the startup last June raising $1.1 million from investors including former managing director of LinkedIn Australia and New Zealand, Cliff Rosenberg and Amaysim cofounders Rolf Hansen and Peter O’Connell. The fresh… Read more »
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MYOB launches second run of Developher internship program
Cloud accounting software company MYOB has announced the second run of Developher, a paid full-time internship program that trains women to code. Offering each participant who completes the program a full time job at the company as an associate developer, MYOB first ran the program in 2016 in a bid to boost the number of… Read more »
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Westpac-backed Reinventure raises third $50 million fund to widen focus to Asia-Pacific
VC firm Reinventure Group has closed its third $50 million fund, with Westpac once more backing the firm as it looks to expand its focus to Asia-Pacific.
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Startup Victoria appoints Judy Anderson as new CEO
Previously manager of the national innovation program at Deloitte, new Startup Victoria boss Anderson has been at Inventium since 2013.
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Australian space agency to launch on 1 July with former CSIRO boss Dr Megan Clark at the helm
After announcing the launch of the entity in last week’s Federal Budget, the government has confirmed $15 million in funding for the establishing of the Australian Space Agency and the appointment of former CSIRO head Dr Megan Clark as its chief. Announcing the news in Perth yesterday, Minister for Innovation Michaelia Cash stated the agency… Read more »
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KPMG partners with Commonwealth Bank and Microsoft to launch business management software Wiise
KPMG Australia, the Commonwealth Bank, and Microsoft have partnered to launch Wiise, a platform providing cloud-based business management software aimed at the small to medium enterprise (SME) market. With the entity to be based out of fintech hub Stone and Chalk in Sydney, Wiise’s integrated platform will allow businesses to manage their finances, from their… Read more »
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Fintech Brighte secures $20 million debt facility from NAB to help Australians buy renewable energy solutions
Fintech startup Brighte has secured a $20 million debt funding facility from National Australia Bank (NAB).
