Oz Startup News – Wednesday, 10 January 2017


Daily Digest

Thanks To Our Latest Patreon Supporter Rafael Kimberley-Bowen.

Rafael is an Angel Investor in Perth and Co-Founder of TechBoard, a community engagement & discovery platform for the Australian Startup and Young Technology company.

Pre-budget submissions show support for government-backed venture capital fund


In a series of pre-budget submissions, finance industry bodies have thrown their support behind a government-backed venture capital fund to further innovation in all industries while continuing to support Australian startups.
AVCAL’s proposal would be modelled off the recently established Biomedical Translation Fund and would see a minimum government commitment of $500 million over two years with returns re-invested.
By Dominic Powell from Smart Company

Today’s Featured Article….

Aussie startup launches traditional media advertising marketplace

A new Australian company is hoping to shake up the traditional media landscape with a fresh online marketplace for ad trading.

MediaPinch is the brainchild of former Vocus Communications CMO, Jon Amery, and head of operations, Matt Walsh. The aim is to provide agencies as well as direct brand owners with the ability to buy their own traditional media under a self-serve model.

By CMO Magazine

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Co-working hub start-up not afraid of WeWork

The co-founder of Melbourne’s latest co-working space provider says he’s not worried about US giant WeWork or the myriad other companies that have flooded the fast-expanding sector.
While this may sound a bit idealistic or even wishful, CreativeCubes.co has already secured a major coup in signing up food delivery giant Uber Eats as a client. “They’ve just committed to another six months,” says Mr Skovron.
By Larry Schlesinger from the Australian Financial Review
(Google Link)

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Tesla Is Officially Bringing A Second Huge Battery To Australia

Just a month after Tesla completed a major battery backup system in South Australia, they’re jumping into a new project in another Australian state. Victoria has reached out to the company to create a smaller facility for a local wind farm.

By Brian Spaen from GreenMatters

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This Australian drone startup just did a deal with US defence giant Raytheon, and its stock is soaring

In what has been described as a ‘company making’ move, counter-drone tech Department 13 has joined forces with US tech giant Raytheon.
Under the agreement Raytheon, which netted $24 billion in sales in 2016, will initially take on marketing and sales for Department 13’s lead MESMER technology that detects and redirects drones.

By Melissa Yeo in Business Insider

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Sydney startup Chester has created an outdoor storage chest for secure package deliveries

Startup Daily profiles Chester a wifi-enabled outdoor storage chest or smart lock box that can facilitate the secure delivery of packages without anyone being home. The company was founded by husband and wife team Malcolm and Jillian Lewis.
By Gina Baldassarre from Startup Daily

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Cotton On’s plans to take on Amazon Australia

Global fashion house Cotton On Group is one of the few Australian retailers to have first-hand experience — through its stores in the US and Britain — operating in a market where Amazon has a mature business.

The Geelong-based fashion empire, which operates 1500 stores across seven brands in 19 countries, overhauled its online business ahead of Amazon Australia’s launch last month.


By John Dagge from The Herald Sun

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ASX-listed smart earbud maker Nuheara debuts two new devices at CES

ASX-listed intelligent earbud start-up Nuheara is expecting a significant revenue jump in 2018, as it launches two new products at the Consumer Electronics Show in Las Vegas which directly target the millennial market and the hearing impaired.
By Yolanda Redrup from The Australian Financial Review
(Google Link)

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