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1 week ago | 
startupdaily.net | Denham Sadler |Adam Bub |Albert Y. Zomaya |Simon Thomsen
Australia’s peak science and tech body has warned the Coalition’s plans to shut down Labor’s $15 billion manufacturing fund would put a handbrake on the nation’s innovation efforts. Citing Coalition sources, the AFR reported last week that if the Coalition wins the upcoming May election it plans to redirect all remaining capital allocated to the National Reconstruction Fund (NRF), totalling about $14.5 billion.
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1 week ago | 
startupdaily.net | Adam Bub |Simon Thomsen |Kane Jackson |Aubrey Blanche
Spending power, business efficiency and rewards points – do those sound like things your startup could use? You might want to look deeper into what your business card (which could be a charge or credit card) can do. No business owner wants to miss out on a good opportunity, especially if the outcome might help improve cash flow or give you more bang for your buck. Whether you use a business card already or are just curious, it’s worth knowing what value they can provide.
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1 week ago | 
startupdaily.net | Albert Y. Zomaya |Adam Bub |Simon Thomsen |Kane Jackson
Around the same time, Trump also indicated he would soon impose new tariffs on semiconductor chips. All of this is happening at the same time the US is forging ahead with a US$500 billion (A$784 billion) project known as “Stargate” to accelerate the development of AI in the country. But the escalating trade war does not square with America’s ambitious AI plans.
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Nov 6, 2024 | 
startupdaily.net | David Tuffley |Simon Jones |Simon Thomsen |Adam Bub
5 finalists receive help to grow their nature-positive impact$100,000 Nature Positive Prize to the winnerA $20,000 People’s Choice Prize chosen by KPMG staffA new First Nations categoryTwo new themes: regenerative economy and sustainable food systemsApplications for the annual KPMG Nature Positive Challenge for 2024 are now open to startups in Australia, Fiji and PNG that have a positive impact on nature and the environment.
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Nov 5, 2024 | 
startupdaily.net | David Tuffley |Simon Jones |Simon Thomsen |Adam Bub
In a significant blow to Australia’s defence capabilities, the federal government is cancelling what would have been the nation’s largest-ever space project: a $7 billion military satellite communications system. The decision was confirmed in a press statement on Monday. It comes just 18 months after the Albanese government gave the green light to the ambitious program.
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Nov 5, 2024 | 
startupdaily.net | Simon Jones |Simon Thomsen |Adam Bub |Daniel Willis
Every startup founder faces strategic decisions that could make or break their vision – and one question looms large: how do you secure capital to fuel growth without handing away too much ownership? It’s a balancing act that has become increasingly relevant in the face of shifting market dynamics and founder insecurities about the most optimal funding avenues.
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Nov 4, 2024 | 
startupdaily.net | Simon Thomsen |Adam Bub |Daniel Willis |Timothy Graham
Rocket launch pads in Queensland and South Australia have been granted permits by the Australian Space Agency to fire up, with Gilmour Space hoping for lift off before Christmas. Meanwhile, the Southern Launch Whalers Way Orbital launch complex in South Australia has been granted final environmental approvals for work on permanent facilities ahead of plans for its first launches in late 2025.
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Nov 4, 2024 | 
startupdaily.net | Simon Thomsen |Adam Bub |Daniel Willis |Timothy Graham
The first drive in a Victorian government trial to see someone who’s taken medicinal cannabis to see if they can drive safely got underway this week. The closed-circuit testing at the METEC Driver Training facility in Bayswater is the start of a $4.9 million, 18-month trial, conducted by Swinburne University of Technology, to analyse how THC in medicinal cannabis impacts driving performance and how this translates into risk on the road.
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Nov 4, 2024 | 
startupdaily.net | Simon Thomsen |Adam Bub |Daniel Willis |Timothy Graham
Kiwi editech Crimson Education has raised NZ$67 million (A$60m) Series D that has seen the scaleup’s valuation jump by 31% in just two years. The raise was previously reported in July, but the size of the round was not disclosed. It was led by NZ investor Movac, with support from existing backers HEAL Partners, Icehouse Ventures, US News and HighSage Ventures, as well as US fund Five Sigma. The raise values the company at NZ$1 billion (A$910m).
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Nov 4, 2024 | 
startupdaily.net | Adam Bub |Simon Thomsen |Daniel Willis |Timothy Graham
There were plenty of important topics covered at the recent Startup Daily and AWS Unicorn Day in Melbourne from venture capital to impact startups to scaling to a billion-dollar business. One particular session on compliance demonstrated how paying attention to the small details can help founders close the biggest deals.
