Venuemob and 121cast are the first Australian tech start-ups to receive funding from the Optus Innov8 Seed Program, pocketing $450,000 and $250,000 respectively for their innovations.
The fall of online retail business Shooii into administration this week is a further sobering reminder to entrepreneurs of the importance of cashflow.
2012 is shaping up to be the best year yet for Australian tech start-ups.
Serial entrepreneur Andrew Birt is looking for Melbourne-based start-ups to become the first group of participants for his latest venture AngelCube, an early stage incubator for web-based businesses.
The basis of any good elevator pitch, and therefore any decent business, is the crystallising of a problem and a compelling explanation of how your start-up will solve that problem.