Venture Capital
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Dymocks director’s super slip-up leads to $70,000 tax bill shock
1:57PM | Tuesday, 22 January 2013 | Patrick StaffordA recent tribunal ruling points to a need for directors to be careful about the timing of superannuation contributions.
Startup Weekend winner among latest Innovyz START participants
1:12PM | Friday, 18 January 2013 | Michelle HammondA former winner of Startup Weekend is among the 10 ventures selected to take part in the second ANZ Innovyz START program, which is once again dominated by Adelaide-based start-ups.
River City Labs founder backs new Brisbane games accelerator
1:53PM | Friday, 18 January 2013 | Michelle HammondA new mobile games accelerator has launched in Brisbane and is now open for applications, with successful teams set to receive up to $50,000 each in addition to office space and mentorship.
Optus Innov8 start-up program opens applications for second season
1:51PM | Thursday, 17 January 2013 | Michelle HammondThe Optus Innov8 Seed Program has opened applications for its second season following the success of the inaugural round in 2012, which saw two start-ups secure a total of $700,000.
Aussie coffee start-up Harris+Hoole under fire over Tesco investment
1:58PM | Wednesday, 16 January 2013 | Michelle HammondA trio of London-based Australian entrepreneurs has been forced to defend its coffee shop start-up Harris+Hoole for giving the image of an independent chain while being part-owned by UK retail giant Tesco.
Gold Coast looks to boost innovation credentials with angel conference
1:37PM | Wednesday, 16 January 2013 | Michelle HammondRepresentatives from the world’s largest angel investor groups will attend a conference on the Gold Coast next month, as the Queensland city attempts to reposition itself as an innovation hub.
AngelPad seeks applications following start-up success in 2012
1:45PM | Tuesday, 15 January 2013 | Michelle HammondUS-based incubator AngelPad is accepting applications from around the world for its next round, after revealing the 62 start-ups it backed in 2012 raised a total of $56 million.
Newly launched fund KidderApp to back developers with ‘great ideas’
1:12PM | Monday, 14 January 2013 | Michelle HammondNewly launched investment fund KidderApp plans to provide a combination of financial backing and mentoring to mobile app developers, who could receive anything from $5,000 to $5 million in investment.
Incubator start-ups outgunning co-working counterparts: Study
1:00AM | Monday, 14 January 2013 | Michelle HammondAustralian start-ups located in incubators raise an average $175,379 more in funding than those located in co-working spaces, according to new data from Perth-based research start-up Floq.
Melbourne insulin innovation set for global rollout
1:21PM | Friday, 11 January 2013 | Michelle HammondAustralia’s oldest medical research institute has applauded efforts to turn Melbourne into a biotech hub after making a landmark insulin discovery, set to be commercialised overseas.
Indigenous-owned social start-ups set to flourish via new fund
1:17PM | Friday, 11 January 2013 | Michelle HammondGovernment-backed organisation Indigenous Business Australia is looking for an organisation to establish and manage a new source of funding for indigenous social enterprise start-ups.
Pebble to start shipping ‘smartwatch’ after raising $15 million
1:56PM | Thursday, 10 January 2013 | Michelle HammondUS-based start-up Pebble has confirmed it will begin shipping its ‘smartwatch’ on January 23, eight months after it smashed its $100,000 Kickstarter goal and raised more than $15 million.
US VC funds raised $20.6 billion in 2012 – but what slice did Aussie start-ups take?
1:21PM | Tuesday, 8 January 2013 | Michelle HammondVenture capital firms in the United States raised $20.6 billion from 182 funds in 2012, new figures show, with Australian start-ups among those that benefited from the surge in investment cash.
Energy software accelerator to Surge ahead with $1.2 million
1:08PM | Tuesday, 8 January 2013 | Michelle HammondA US-based energy software accelerator is considering late applications for its second class of companies, chosen from around the world, after raising $1.2 million in an equity offering.
Start-ups still waiting for government response on VC review
1:58PM | Monday, 7 January 2013 | Michelle HammondThe federal government has delayed its response to a review into Australia’s venture capital industry, after previously indicating that it would outline its policy on the sector by the end of 2012.
SMEs offered $3,350 carrot in Kickstart apprentice program
1:54PM | Monday, 7 January 2013 | Michelle HammondSmall businesses in the building and construction industries have until February 28 to take advantage of the federal government’s Kickstart program, which rewards employers with an additional $3,350 for taking on a new apprentice.
Tapit Media looks to global stage after raising $2.3 million
12:00AM | Monday, 24 December 2012 | Michelle HammondSydney-based tech start-up Tapit Media plans to take its near field communications technology (NFC) to the global stage, after completing a $2.3 million Series A round led by MPC Ventures.
AMMA leverages success of one start-up to raise $1.5 million for another
12:00AM | Friday, 21 December 2012 | Michelle HammondQueensland-based firm AMMA Private Equity has launched a $1.5 million capital raising to fund a start-up that offers a voice and texting service to smartphone users who are out of credit.
Failed start-ups should return funding, says local investor
12:44PM | Thursday, 20 December 2012 | Michelle HammondA 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.
Yellow Brick Road to fast-track growth following $7 million raise
12:40PM | Thursday, 20 December 2012 | Michelle HammondIndependent 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.
