Venture Capital



New accelerator Slingshot to fling $10 million to start-ups

3:00AM | Thursday, 7 March 2013 | Michelle Hammond

Newly launched accelerator Slingshot plans to invest in around 100 start-ups over the next five years, investing as much as $100,000 in each start-up via a $10 million venture fund.

Got investment? Now for the real hard work

3:34PM | Tuesday, 5 March 2013 | Mahesh Sharma

Securing finance for your business is a major milestone. But it’s also the point at which you have to start worrying about your investors. BY MAHESH SHARMA.

“How we raised funds pre-development”: SpotJobs co-founder tells

3:29PM | Monday, 4 March 2013 | Michelle Hammond

Another new niche job site, SpotJobs, is preparing for its national media launch next month, having already received seed funding and office space from residential builder Simonds Homes.

Co-working space Hub spreads to Adelaide to add some “entrepreneurial bloom”

3:45PM | Friday, 1 March 2013 | Michelle Hammond

The South Australian government will provide $1 million to help establish Hub Adelaide, which joins Hub Melbourne and Hub Sydney, to try and capitalise on the city’s “entrepreneurial boom”.

Banking regulator targeting lax standards for business lending

2:56PM | Thursday, 28 February 2013 | Patrick Stafford

The country's banking regulator has said it will start cracking down on banks if it believes lending standards have become too relaxed, but business leaders say SMEs are still strapped for cash.

$1.9 million grant generates global distribution deal for ultrasound device maker

2:00AM | Thursday, 28 February 2013 | Michelle Hammond

A South Australian manufacturer of ultrasound devices has announced a global distribution partnership with a Japanese company, two years after receiving a $1.9 million government grant.

Samsung joins Visa for mobile payments, Australian rollout could take a while

2:10PM | Wednesday, 27 February 2013 | Patrick Stafford

Samsung has jumped into the contactless payments market with Visa – but the deal doesn't include its Android partner, Google.

Google Ventures could be heading Down Under

2:31PM | Tuesday, 26 February 2013 | Michelle Hammond

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.

Two Aussie start-ups among 15 finalists for Amsterdam boot camp

2:00AM | Tuesday, 26 February 2013 | Michelle Hammond

Australian start-ups 7Write and Revirda will be put through their paces when they arrive in Amsterdam this week, after being chosen as two of 15 finalists for Startupbootcamp Amsterdam.

Expert predicts trickle-down effect for group buying after LivingSocial raises $110 million

2:10PM | Thursday, 21 February 2013 | Michelle Hammond

US-based daily deals giant LivingSocial has raised another $US110 million from investors, with an industry expert predicting a trickle-down effect for smaller players.

Entrepreneurialism is AlwaysOn in Australia, says leading US entrepreneur

2:27PM | Wednesday, 20 February 2013 | Michelle Hammond

High-profile American entrepreneur Tony Perkins has highlighted US investors’ increasing appetite for Australian companies, ahead of Australia’s first-ever AlwaysOn conference.

Bettina Liano tells: "Why I'm closing my Australian stores and opening in the United States"

2:06PM | Wednesday, 20 February 2013 | Cara Waters

Australia's Jeans Queen, Bettina Liano, has closed all but one of her Australian stores and set her sights on the United States market instead.

ASX won’t be launching a start-up platform, but do start-ups care?

2:40PM | Tuesday, 19 February 2013 | Michelle Hammond

The Australian Securities Exchange says it won’t be copying the London Stock Exchange, which has launched a new platform for start-ups, but a start-up financing business says Australian start-ups don’t care.

Pollenizer pockets $1.1 million as Asian market sizzles

2:37PM | Tuesday, 19 February 2013 | Michelle Hammond

Online venture builder Pollenizer plans to create eight start-ups in Australia and south-east Asia this year, after raising $1.1 million from investors including Pandora founder Brook Adcock.

Another $350 million for innovation fund under Venture Australia

2:06PM | Monday, 18 February 2013 | Michelle Hammond

Start-ups look set to benefit from a new $350 million round of equity funding through the federal government’s Innovation Investment Fund, announced as part of the Venture Australia package.

Biotech start-up scores $1.25 million to develop therapeutic peptide drugs

2:58PM | Friday, 15 February 2013 | Michelle Hammond

A start-up launched by the ithree institute at the University of Technology, Sydney (UTS) plans to develop autoimmune drugs after receiving a $1.25 million investment from the Medical Research Commercialisation Fund.

We need an innovation council, says Australia’s chief scientist

2:53PM | Friday, 15 February 2013 | Michelle Hammond

Start-ups could benefit from the establishment of an Australian Innovation Council, proposed by Australia’s chief scientist Ian Chubb as one of five “breakthrough actions” to boost innovation.

Ruslan Kogan: Kickstarter is a "glorified video editing competition"

2:36PM | Friday, 15 February 2013 | Patrick Stafford

Internet entrepreneur Ruslan Kogan has attacked Kickstarter, calling the crowdfunding website a glorified video editing competition.

Why Westfield isn’t a worry for myCube

2:49AM | Friday, 15 February 2013 | Michelle Hammond

Stanley Hsu is the founder of myCube, a retail store that features hundreds of “cubes” displaying innovative products, which won the Best Start-up Idea category at the 2012 StartupSmart Awards. BY MICHELLE HAMMOND.

Government backflips on plans to regulate SME access to credit

2:54PM | Thursday, 14 February 2013 | Cara Waters

The federal government has backed down on draft legislation which proposed regulating small business credit after criticism it would make it harder for small business to get funding.