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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
An Australian start-up that developed a solution to diagnose childhood pneumonia has won a $75,000 grant after being named the runner-up of the Microsoft Imagine Cup Grants program.
Smartphone chipmaker Qualcomm will contribute $US100,000 to the prize pool of the upcoming oZAPP Awards, which are aimed at emerging Australian app developers, taking the total up to $300,000.
There has been a seachange in how Australian VC firms view start-ups. The reasons behind this change hold vital insights for start-ups looking for finance. BY MAHESH SHARMA.
COSBOA has fought back against claims made by its former chairman, Ken Phillips, that the organisation is controlled by tobacco companies.
Another European funding avenue for tech start-ups has opened up, with Startupbootcamp Amsterdam offering teams €15,000 in seed funding and the opportunity to pitch for more.
Earlier today, Taskmaster Enterprises received an email purportedly coming from one of the big four banks. For good reason, Old Taskmaster was wary.