Oz Startup News – Thursday, 6 December 2018


Bill Shorten, StartupAUS move to make R&D an election decider


The research and development tax incentive is shaping as a major election issue, with Bill Shorten’s call for national R&D investment to rise from 1.8 per cent to 3 per cent of gross domestic product preceding a report calling for the incentive’s rules to be rewritten to accommodate software development.
The Crossroads report released on Thursday by peak body StartupAUS has recommended that “clear language supporting software development claims” be added to the R&D tax incentive legislation, and that there be a moratorium on audits of software start-ups with turnover of less than $20 million in the meantime.
By Michael Bailey From The Australian Financial Review
(Google Link)

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Aspiring digital bank Xinja is taking a second bite at equity crowdfunding

Fintech startup Xinja, Australia’s first equity crowdfunding offer, is launching a second round to raise funds to build a digital bank.


The company aims to raise up to $5 million with shares valued at $2.04 each and a minimum investment of $255 through crowdfunding platform Equitise.


By Chris Pash from Business Insider

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Australian tech startups are suddenly on the nose in Canberra


Tech startups, once seen in Canberra as bright things heralding a better future for Australia, have lost their lustre among federal politicians.


StartupAUS, in the national startup advocacy group’s annual report card, says hostility from the political class partly stems from disquiet over disruptive companies changing the economic landscape.
“Perhaps the biggest challenge facing the sector in Australia is that the political narrative around startups has changed,” says Alex McCauley, CEO of StartupAUS.

By Chris Pash from Business Insider

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Fastbrick Robotics launches new service, discontinues Caterpillar MoU

The launch of a new ‘Wall as a Service’ offering and plans to build at least 10 houses outdoors in 2019 were not enough to outweigh the market’s negative reaction to Fastbrick Robotics (ASX: FBR) ending a Memorandum of Understanding (MoU) with major US machinery company Caterpillar (NYSE: CAT).
In an announcement yesterday afternoon after the ASX had closed, Fastbrick Robotics stated the parting of ways was a mutual decision and from Caterpillar’s perspective it was reflective of “strategic priorities” and “not indicative of the satisfaction with FBR’s progress to date or its technology”.
By Business News Australia

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Gold Coast Innovation Hub to open landing pad for student startups

The Gold Coast Innovation Hub in Robina is set to open a Student StartupLanding Pad, providing space and resources for entrepreneurs to continue working on their startups after taking part in a school or university program.
To launch in February, the landing pad is the result of a collaboration between the Gold Coast Innovation Hub, which is powered by Brisbane-founded startupcommunity Little Tokyo Two, student entrepreneurship program StartupApprentice, and Study Gold Coast, an industry body for education and training on the Gold Coast.

By Gina Baldassarre from Startup Daily

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The Five Hottest New Apps For Freelancers

Aussie startup Paperform, which is a  tool that lets you create all kinds of visually appealing forms with your own branding that can also take payments, features in a list of the five hottest apps for freelancers.

They are mentioned alongside other notable startups including Airtable

By Entrepreneur.com

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Inside Australia’s crazy, high intensity and stressed out startup world

The romance of the startup, with an aura of exquisite coolness, and the promise of riches ahead, soon turns into soul-grinding days, merging into nights, struggling with limited resources to create a product that actually does what it’s meant to.
Often the fall-out for the startup founder and their helpers will be a creeping deep bone tiredness, and a slide into serious health problems.

Here’s more on the issue….
By Chris Pash from Business Insider

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Digital transformation and trust among the biggest fears keeping Australian business leaders up at night

Digital transformation and innovation and disruption are the two big fears keeping Australian business leaders up at night, a survey from KPMG Australia has found.
However, the survey of more than 220 executives across businesses ranging from those with less than 50 staff to those with over $1 billion in yearly revenue found that while many are worried about it, digital transformation means different things to different leaders, causing further angst.

By Gina Baldassarre from Startup Daily

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Artificial intelligence startups Unleash Live and Soapbox.ai raise funding


Sydney artificial intelligence startup Unleash Live has raised $4.75 million in funding from investors including Amaysim cofounders Peter O’Connell and Rolf Hansen, Smarter Capital, and New York firm Revel Partners.
Unleash Live’s platform ingests live video and imagery from the likes of drones, internet protocol [IP] cameras,  and other IoT devices, and applies AI analytics in real time, allowing customers in industries such as mining, construction, and transport to make better decisions about their facilities or assets.
By Startup Daily

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Crossroads 2018 state of play

The Australian startup sector is at a “tipping point” where it must deliver on its potential in spite of a lack of political love, according to StartupAus chief executive Alex McCauley.
The StartupAus Crossroads 2018 report paints a picture of a sector that has come a long way in recent years and has the potential to continue rapidly growing and contributing to the economy, but one that is facing “serious challenges” and growing hostility from governments and the general public.

By InnovationAus

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