Funding

Advice Should I turn to family and friends?

It’s undeniably tempting if a close friend or family member offers you funds for your business venture. The money is usually interest and red tape free, provided when you need it and you won’t be sleeping on a park bench if you can’t repay it. ...

Advice What grants are available to me?

There is a range of grants available to start-up businesses at federal, state and even council level, but be aware that you may have to go through a difficult and complex procedure to secure one.

Advice How do I work with investors?

Like any kind of business relationship, you will have to balance professional diligence with good communication skills if you are to get the most out of your link-up with an investor.

Advice How can I secure funding from a business angel or venture capitalist?

Although banks still provide the bulk of start-up funding in Australia, there is a thriving angel investor and venture capital market that is suitable for certain types of companies.

Advice How can I get a loan from my bank?

Banks strive to paint themselves as an ally of Australian entrepreneurialism and every major bank will have a dedicated small business unit.

News Jayride.com raises $400k from local investors

Land travel marketplace Jayride.com has secured $400,000 in funding from local investors, including angel investor Andrey Shirben, as it prepares to crack the UK market.

News AngelCube graduate start-up Goodfil.ms raises $150k

AngelCube graduate Goodfil.ms has raised $150,000 from a host of investors sourced through Aurelius Digital and AngelCube itself, but hasn’t ruled out looking overseas for further funding.

News AngelCube incubator to double intake for next start-up round

AngelCube, the Melbourne-based incubator, will open applications for its second round of start-ups tomorrow, increasing its intake to eight teams, with a special interest in marketplace concepts and software-as-a-service.

News Adelaide start-up Thereitis.com scores $2 million investment to fuel global expansion

Thereitis.com, an Adelaide-based tech start-up, has secured $2 million in angel funding from local investors, as the business gears up for rapid expansion across the globe.

News US start-up uses crowdfunding to open 30 stores in one day

A US-based start-up is planning to open thirty stores on the same date and at the same time, using crowdfunding to finance the rapid expansion, suggesting start-ups here can do the same.

News CVC Ltd launches hunt for tech start-up acquisitions

Investment firm CVC Ltd has launched a search for tech start-ups to acquire, with plans to plough between $100,000 to $5 million into suitable ventures.

News “Conservative” investors blamed for Aussie start-ups’ funding woes

Australian start-ups suffer from a conservative approach by investors, rather than a lack of funds, industry experts have claimed, as they prepare to speak at the National Angel Conference.

News Ninja Blocks smashes Kickstarter target in one weekend

An Australian tech entrepreneur has sung the praises of US-based crowdfunding platform Kickstarter, after his start-up Ninja Blocks smashed its $24,000 target in just one weekend.

News Aussie start-ups suffering commercialisation gap: AVCAL chief

Australian start-up are struggling to commercialise themselves, often because entrepreneurs fail to properly articulate their ideas to potential investors, claims the new chairman of the peak venture capital body.

News $25k grants for surging social enterprise sector

Social enterprise start-ups in Melbourne can now apply for the latest round of grants from the City of Melbourne, including funding and mentoring, to the tune of $25,000.

News NSW Govt to subsidise 12 local start-ups at US-based Startup House

The NSW Government has thrown its support behind tech entrepreneurs wishing to crack the US market, helping start-ups cover the cost of living and working at Startup House in San Francisco.

Features Should your business aim for profits or growth?

In the early stages of your business, you need to invest in growth. But long-term, you need to be profitable. So when should you stop investing in growth and start maximising your profits? BY MARC PESKETT.

News Strong Aussie dollar prompts renewed calls for tourism industry boost

A tourism lobby group has renewed calls for the government to create more incentive for entrepreneurs to invest in tourist facilities, amidst the high local dollar and a $7.2 billion deficit.

News ICT start-ups dominate $10.4 million Commercialisation Australia round

More than 25 businesses will share in $10.4 million in the latest round of Commercialisation Australia grants, with 11 of the winners coming from the ICT sector.

News CreditorWatch sets sights on banks after multimillion dollar investment

Credit reporting service CreditorWatch has secured funding from Nightingale Partners in what is understood to be a multimillion deal, as it sets its sights on major clients including the big banks.

News Rezdy eyes global growth following $250k seed funding

Rezdy, a six-month-old web start-up, has secured $250,000 in funding from Grand Prix Capital ahead of an ambitious global growth plan over the next year.

News Xero acquires Max Solutions after raising $15m

Accountancy software company Xero has raised $15 million to fund global growth and has made its first acquisition for the year, snapping up Max Solutions in a deal worth almost $5 million.

News Ryan Seacrest scores $300 million to invest in media companies

American radio host Ryan Seacrest has raised his profile as a celebrity-turned-entrepreneur, after his investment company received $300 million to invest in other media companies and projects.

News Pollenizer’s Pygg raises $600k while Wooboard heads to US

Pollenizer-backed start-up Pygg has raised $600,000 in six months from a host of investors, including Yahoo!7 chief Rohan Lund and Tim Howard of Seven Network’s Vividwireless.

News Springwise Wildcard accelerator hunts for start-ups

Applications close today for the Springwise Wildcard scheme, which will see start-ups travel to Amsterdam to participate in the Rockstart accelerator program.

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