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.
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.
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.
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”.
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.
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 has jumped into the contactless payments market with Visa – but the deal doesn't include its Android partner, Google.
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.
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.
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.
High-profile American entrepreneur Tony Perkins has highlighted US investors’ increasing appetite for Australian companies, ahead of Australia’s first-ever AlwaysOn conference.
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.
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.
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.
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.
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.
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.
Internet entrepreneur Ruslan Kogan has attacked Kickstarter, calling the crowdfunding website a glorified video editing competition.
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.
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.