Oz Startup News – Monday, 12 November 2018

Start-up investors slam roll out of ‘My Health Record’ Leading start-up investors have criticised the federal government’s “disastrous” rollout of the My Health Record system aimed at digitising medical records, saying the policy instability is crushing innovation. Here’s why..,..   By Carrier LaFrenz from The Australian Financial Review (Google Link) Read Article… International Grant Landscape: How do we compare to the rest of …

Oz Startup News – Friday, 9 November 2018

  Tesla names board chair to replace Musk   Electric car pioneer Tesla on Thursday named an Australian telecoms executive to chair its board of directors, after the controversial Elon Musk was forced by US authorities to step back from the role.\ The appointment of Robyn Denholm, chief financial officer with Telstra and already a Tesla board member, is effective …

Oz Startup News – Thursday, 8 November 2018

Techboard finds start-up funding up 46pc year-on-year, but ICOs and crowdfunding tepid   Funding for Australia’s start-ups and young technology companies rose 46 per cent year-on-year to $1.1 billion in the September quarter, dominated by raises for three fintechs, according to a study of 170 funding events. Growth-oriented technology companies less than 10 years old are monitored for the study by Perth-based start-up data …

Oz Startup News – Monday, 7 November 2018

Kiwi start-up PredictHQ bags Silicon Valley and Aussie investors in $13.9m round   A New Zealand-founded data intelligence start-up that expanded to San Francisco and landed clients including Uber, Dominos and Booking.com has raised $US10 million ($13.9 million) from two leading Silicon Valley venture capital funds and Australian fund Rampersand. PredictHQ describes itself as a real world events platform that aggregates, …

Oz Startup News – Monday, 5 November 2018

‘This will hurt’: Innovation stifled by tough R&D scheme, say founders   A number of voices across the small business and start-up community have taken issue with the reviews process of the research and development tax incentive scheme in recent months. The scheme, which allows businesses to claim a refund or offset for projects which build on new areas of …

Oz Startup News – Friday, 2 November 2018

On the search for $49 glasses: Investec launches $70 million fund for emerging businesses   David Phillips, the Australian head of emerging companies at investment bank Investec, says he’s got “plenty” of money but his glasses of choice are a $49 pair from startup Dresden Optics, a startup Investec has previously backed. Now, launched the Investec Emerging Companies Australia Fund 1 …

Oz Startup News – Thursday, 1 November 2018

Qantas Innovation shut down, staff let go Qantas Airways has shut down its “Qantas Innovations” unit and laid off its employees on Wednesday, sources told Street Talk. It is understood the business, run by Rob Marcolina, was shut down and its functions were to be absorbed into other parts of Qantas. Qantas Innovations was set up about two years ago …

Oz Startup News – Wednesday, 31 October 2018

Young, male and educated: Australian fintech has a type Australia’s typical fintech founder is a bloke in his 40s with a postgraduate degree. That’s one of the findings of the 2018 EY Fintech Australia census, which shows 72 per cent of Australia’s financial technology startup employees and 81 per cent of founders are men. And FinTech Australia chairman Alan Tsen says …

Oz Startup News – Tuesday 30 October 2018

Nextdoor, social media unicorn that bills itself as the anti-Facebook, moves to Australia Nextdoor, one of the few social networks to attract a valuation over $US1 billion since Facebook, LinkedIn and Twitter took hold last decade, is attempting to expand to Australia. Billing itself as an “anti-Facebook” private social network for residential neighbourhoods, Nextdoor has raised $US278 million of venture capital since it was …

Oz Startup News – Monday 29 October 2018

Startups battle tall poppy syndrome Research by CGU Insurance found more than half of all Australians have thought seriously about starting a business but are yet to realise their ambition. The CGU Ambition Index surveyed 2000 Australians, including 1000 small business owners, and found many people are not acting on their ambitions due to lingering perceptions of tall poppy syndrome …