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Hackett investment has shifted Australian aviation app into full throttle

10:59PM | Friday, 24 October 2014 | Andrew Sadauskas

Aviation app developer Avsoft is gaining altitude across Australia, New Zealand and the US following an investment from entrepreneur Simon Hackett, with the company recently releasing an entry-level version of its CASA-approved app for Android devices.

Growth  | Financing a business  | Venture Capital  | Technology

Oneflare secures $1 million investment to fund UK expansion

10:29PM | Friday, 24 October 2014 | Andrew Sadauskas

Local services marketplace Oneflare has secured an additional $1 million in funding as the service begins preparations for international expansion.

 | Growth  | Financing a business  | Venture Capital  | Technology  | Websites

Perth’s Spacecubed raises over $50,000 in crowdfunding for new Level 9 coworking space

10:24PM | Friday, 24 October 2014 | Andrew Sadauskas

Perth coworking space Spacecubed has successfully raised over $50,000 in a crowdfunding campaign to open up a new space on level nine of its main St Georges Terrace venue.

 | Growth  | Financing a business  | Venture Capital  | Leadership  | Workspace

Y Combinator coming to Melbourne for the above all human conference

10:44PM | Thursday, 23 October 2014 | Broede Carmody

World-renowned startup accelerator Y Combinator is coming to Australia as part of Melbourne’s above all human conference put on by Startup Victoria.

 | Planning  | Business planning  | Financing a business  | Venture Capital

Strength in diversity for muru-D’s second intake of startups

10:38PM | Thursday, 23 October 2014 | Kye White

Telstra-backed accelerator muru-D has announced the 11 startups that make up its second class, and they’re the most diverse batch of entrepreneurs co-founder Annie Parker has ever been involved with in such a program.

 | Financing a business  | Venture Capital

What do I need to do to claim the R&D tax incentive?

10:37PM | Wednesday, 22 October 2014 | Melanie Reen

If you are an Australian company eligible to pay tax, and you are manufacturing or developing new or improved technical services, then you may be eligible to make a claim for the R&D tax incentive.

 | Growth  | Tax

Venture capitalists need to better understand failure for an ecosystem to thrive, says Steve Blank

10:24PM | Tuesday, 21 October 2014 | Kye White

In a true, thriving startup ecosystem, venture capitalists understand failure, according to Steve Blank, the academic and entrepreneur who popularised the lean startup movement.

 | Venture Capital

Aussie social network to spring onto ASX with reverse listing

10:50PM | Tuesday, 21 October 2014 | Kirsten Robb

Spring.me, an Australian question-and-answer-based social networking site with five million regular monthly visitors, is looking to raise up to $5 million and hopes to list on the Australian Securities Exchange by November.

 | Financing a business  | Social media

The $100 million boost to the Australian startup economy

10:02PM | Monday, 20 October 2014 | Kye White

Venture capital firm OneVentures has announced the first close on its Innovation and Growth Fund II, which is set to inject $100 million into the Australian Series B and Series C venture capital landscape.

 | Financing a business

Rich Listers back app to the tune of $5 million to take on taxi industry

10:51PM | Monday, 20 October 2014 | Broede Carmody

A taxi booking app backed by the likes of Paul Bassat and James Packer has raised around $5 million over the weekend in a bid to further disrupt Australia’s $5.4 billion taxi industry.

 | Financing a business  | Venture Capital

Australian tech company taking market by storm, files for IPO

10:26PM | Friday, 17 October 2014 | Andrew Sadauskas

Aeeris, the company that operates Australia’s only national location-based weather and hazards early warning service, is seeking to raise $6 million through an initial public offering (IPO) on the ASX.

 | Growth  | Financing a business  | Venture Capital  | Technology

ScriptRock cofounder tells entrepreneurs to “have an open mind” at startup events as Tech23 approaches

10:28PM | Friday, 17 October 2014 | Andrew Sadauskas

The cofounder of Australian IT DevOps company ScriptRock, Mike Baukes, says an open mind is the key to getting the most out of startup events such as Tech23, which can be an important networking opportunity for emerging entrepreneurs.

 | Growth  | Financing a business  | Venture Capital  | Technology

Satoshi’s living room, no more: ATO bitcoin guidance forces startup to shelve operations

10:19PM | Thursday, 16 October 2014 | Kye White

Brisbane-based bitcoin BPAY startup Living Room of Satoshi has suspended operations, after the Australian Tax Office’s decision to treat bitcoin as property made its business model impractical.

 | Financing a business  | Venture Capital

Employee share scheme changes: a good start but still a long way to go

10:01PM | Wednesday, 15 October 2014 | Reuben Bramanathan

Australian startups and small businesses will generally be pleased with the proposed changes to the taxation of employee share schemes announced yesterday, but there are still a number of issues to be resolved before companies can start implementing new share and option incentives.

 | Tax

Google Australia gives non-profits a handy cash boost

10:28PM | Wednesday, 15 October 2014 | StartupSmart

Google Australia has awarded $3.5 million to 10 non-profits as part of the Google Impact challenge.

 | Financing a business

Melbourne startups sit down with Tony Abbott to press case for more support

10:41PM | Wednesday, 15 October 2014 | Kye White

Startup figures got the chance to lobby Prime Minister Tony Abbott to encourage superannuation funds to invest in venture capital, as well as open up equity-based crowdfunding.

 | Financing a business

Four health tech startup competition finalists take home a $10,000 prize, as local sector gains critical mass

10:37PM | Tuesday, 14 October 2014 | Andrew Sadauskas

The four finalists for the inaugural Janssen Health and Technology Challenge (HaTCH) have been named, with one of the judges saying Melbourne, in particular, is close to developing “a critical mass of ideas”.

 | Growth  | Innovation  | Financing a business  | Venture Capital  | Cashflow  | Technology  | IT

Bitcoin Group aims to raise $20 million with ASX listing

10:06PM | Tuesday, 14 October 2014 | Kye White

Bitcoin Group, the entity behind Melbourne-based bitcoin arbitrage fund Bitcoins Reserve, is set to list on the ASX next month.

 | Financing a business  | Venture Capital

Australian VCs unable to provide later stage funding rounds

10:09AM | Thursday, 9 October 2014 | Kye White

There are no venture capitalists in Australia that will fund a capital raising round of more than $20 million, forcing companies at a later stage to go overseas, says Starfish Ventures’ Justin Roberts.

 | Financing a business  | Venture Capital

GST on crowdfunding activities could be a “compliance nightmare” for startups

10:35PM | Tuesday, 7 October 2014 | Kye White

Applying GST to crowdfunding projects could present startups with a “compliance nightmare”, according to Arts ‘n’ Smarts co-founder and former tax lawyer Alan Tsen.

 | Financing a business  | Tax
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