Bond University has announced it will run its first accelerator program this year, as part of the national rollout of the Incubate program. Piloted by Sydney University, the program received financial and technical support from Google to expand across the country in October. There are eight places in the 12-week program at Bond University. Students will receive training, mentoring, working space on campus, and professional advice on business management such as accounting and legal issues. Bond University’s assistant professor of entrepreneurship, Baden U’Ren, says they’re thrilled to be part of the program as the only Queensland university involved so far. “The program, which will be student-led and run, will give participants incredible exposure to some of the nation’s most significant mentors from Google Ventures, venture capital firms and other innovative business founders and leaders,” U’Ren says. The program ends with a pitch day, where the best four ideas will receive $5000 grants. Current students and alumni are invited to apply with an early stage company or business idea.
Tech giant Google is considering launching its start-up investment funding arm in Australia, a report suggests, but there’s no official word on if or when Google Ventures is expected to arrive.
US-based platform AngelList is reportedly in the process of raising a major round of financing at a valuation that could top $150 million, with Google Ventures among the rumoured investors.
Yahoo! has acquired video chat broadcasting app OnTheAir in a bid to further expand its mobile offerings, less than two months after acquiring mobile recommendations app Stamped.
Google Ventures will increase its annual funding pool from $US200 million to $US300 million, allowing it to invest in more later-stage financing rounds and in a broader range of companies.
Yahoo! has made its first acquisition under the direction of chief executive Marissa Mayer, snapping up celebrity-backed mobile recommendations app Stamped for an undisclosed sum.
Rebekah Horne, digital director of DMG Radio Australia, has been installed as CEO of US start-up TopFloor, which has been backed by Google’s venture capital arm.
Start-ups attempting to stand out at the increasingly crowded South by Southwest Festival in the US have been advised to use tactics such as interactive platforms, appealing to early adopters, and having people on the ground.
Auction site eBay has acquired New York-based recommendation service Hunch, in a deal believed to be worth $80 million, as recommendation websites continue to grow in popularity.
Google has opened its social network Google+ to businesses and brands, allowing companies to create their own pages, but the move has received a mixed reaction from industry experts.
The American company that purchased Melbourne internet coupon start-up RetailMeNot last year has now received a $US10 million investment from Google's venture capital division, Google Ventures.
Google is doubling its investment in new start-ups and is set to start looking for ventures outside the US to put money into.
Google is among a group of investors pumping $42 million into a tech start-up that can calculate the chances of crops being ruined by weather.
Looking for the next opportunity in energy efficiency? Perhaps you can draw some inspiration from an innovative US business named Transphorm.