Financing a business



Failed start-ups should return funding, says local investor

12:44PM | Thursday, 20 December 2012 | Michelle Hammond

A failed Canadian start-up has turned heads after promising to return all remaining funding to its investors, with the move applauded by one local expert.

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Yellow Brick Road to fast-track growth following $7 million raise

12:40PM | Thursday, 20 December 2012 | Michelle Hammond

Independent mortgage lender Yellow Brick Road has raised $7 million to fast-track its growth strategy, including a new range of YBR-branded mortgage products through the franchise.

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Wayne Swan dumps the surplus

12:52PM | Thursday, 20 December 2012 | Kath Walters and Myriam Robin

Federal Treasurer Wayne Swan at 2.15pm today announced the Federal Government will probably not achieve the promised budget surplus in the 2012/13 budget year.

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Carbon tax has damaged eight in 10 retailers, industry body claims

12:00AM | Thursday, 20 December 2012 | Michelle Hammond

The carbon tax has been dragged into the spotlight once again, with a new survey by the peak retail body showing 80% of businesses say they have been negatively impacted by the tax.

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Clothing retailers set for new year slowdown: Report

12:27PM | Wednesday, 19 December 2012 | Michelle Hammond

There will be no relief for Australian clothing retailers in the new year, according to a new IBISWorld report, which shows industry revenue is expected to contract by 1.4% in 2012-13.

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Melbourne venture SelfWealth raises $1.6 million via ASSOB

12:00AM | Tuesday, 18 December 2012 | Michelle Hammond

Melbourne-based start-up SelfWealth has closed a $1.6 million capital raising via the Australian Small Scale Offerings Board, in what has been hailed as one of ASSOB’s most successful transactions.

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How to safely scale your start-up in 2013

12:00PM | Monday, 17 December 2012 | Michael Fox

Are you thinking about growing your start-up next year? If so, there’s a secret to steadily securely growing your business. BY MICHAEL FOX.

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AngelList set for $150 million valuation following fundraise

12:45PM | Monday, 17 December 2012 | Michelle Hammond

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.

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Innovate NSW to offer funding for ideas-rich start-ups

12:00AM | Monday, 17 December 2012 | Michelle Hammond

The NSW Government will introduce a $6.7 million initiative dubbed Innovate NSW, which will offer funding of up to $15,000 for around 250 businesses, as part of a wide-ranging plan to boost the state’s digital economy.

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Ex-Jetstar boss Bruce Buchanan invests in Rocklive, becomes CEO

12:07PM | Friday, 14 December 2012 | Oliver Milman

Digital advertising venture Rocklive has appointed Bruce Buchanan, the former group chief executive of Jetstar, as its new CEO, with the new boss also taking a substantial stake in the start-up.

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Insolvencies rise in October, but Christmas could bring a reprieve

12:17PM | Tuesday, 11 December 2012 | Patrick Stafford

Insolvency experts predict many businesses might hang on through Christmas but could struggle in the new year.

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Little chance of Christmas cheer as business confidence hits record-low

12:01PM | Tuesday, 11 December 2012 | Michelle Hammond

Business confidence has fallen to its lowest level since April 2009 according to NAB’s Monthly Business Survey.

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$50,000 grants on offer as Textile, Clothing & Footwear program reopens

12:56PM | Tuesday, 11 December 2012 | Michelle Hammond

Government body AusIndustry has opened its latest round of applications for the Textile, Clothing and Footwear (TCF) Small Business Program, which offers grants of up to $50,000.

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Startmate unveils its start-up class of 2013

12:00AM | Tuesday, 11 December 2012 | Michelle Hammond

Niche dating website 7pm anywhere is among the eight start-ups accepted into the 2013 Startmate program, which will include two demo days and a two-month stint in Silicon Valley.

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Rezdy raises another $300,000 as it limbers up for million dollar round

12:00AM | Monday, 10 December 2012 | Michelle Hammond

Online reservation system Rezdy has snagged $300,000 from existing investors, adding to the $250,000 it raised earlier, but is already planning to raise up to $1.5 million in 12 months’ time.

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Eight start-ups selected for Incubate program at University of Sydney

12:15PM | Friday, 7 December 2012 | Michelle Hammond

The University of Sydney Union’s Incubate program has selected the eight successful start-up teams who will use $5,000 grants to develop their ideas over the university’s summer break.

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Closing date looms for female-focused Springboard program

12:07PM | Friday, 7 December 2012 | Michelle Hammond

Female entrepreneurs in high-growth sectors are being encouraged to submit an application to Springboard Enterprises, which aims to help them secure funding from local and US investors.

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Entrepreneur Shane Yeend’s Imagination Entertainment buys 50% of export start-up Aussie Inc

12:00AM | Friday, 7 December 2012 | Michelle Hammond

Up-and-coming export start-up Aussie Inc has received a major leg-up from global entertainment company Imagination, which has purchased a 50% stake in the business.

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Pizza Capers to ramp up in regional areas with new assistance package

12:39PM | Thursday, 6 December 2012 | Michelle Hammond

Retail Food Group is offering assistance packages to franchisees who take on a Pizza Capers store in selected areas, as it seeks to ramp up its presence in regional Queensland and NSW.

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Business belt tightening set to cut back staff Christmas parties

12:33PM | Thursday, 6 December 2012 | Michelle Hammond

Start-ups can celebrate Christmas with their staff without breaking the bank, experts say, after it was revealed less than two thirds of employers will organise a staff Christmas party this year.

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