How I did it
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.
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.
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.
The director of Sydney clean tech start-up enLighten has outlined some key tips for companies doing business in the United States, after attending the Cleantech Open Global Forum.
Start-ups should respond to skepticism systematically and be prepared for a fight from the very beginning, says Amazon founder Jeff Bezos, who has shared his thoughts on entrepreneurship.
McMillan Shakespeare founder Anthony Podesta has been named the 2012 Ernst & Young Australian Entrepreneur of the Year, with the founders of Jetts Fitness, Ozsale and OzHarvest also recognised at the awards.
Financial services start-up Moneysoft, which has been backed by Sydney incubator BlueChilli, plans to ramp up its presence in the Australian market after closing its third round of funding, bringing the total capital raised to $660,000.
A team called PIVOT has taken out the title at Startup Weekend Brisbane, which will see one team member travel to the United States as part of the Advance Innovation Program.
Australian band Eskimo Joe is using Pozible to fund its next album, with the aim of raising $40,000 via the online crowdfunding platform.
A host of retailers have claimed titles at the 2012 Australian Retail Awards including Oroton, Pandora, Lenard’s Chicken and eyeclarity, which was named Independent Retailer of the Year.
The founder of an IT consultancy and an accountant turned psychologist are among the winners of the 2012 Telstra Business Women’s Awards, which saw muesli queen Carolyn Creswell take out the top prize.
Western Australian company Quickboats has smashed its target on crowdfunding website Indiegogo.com, having already raised more than $1 million this year, as it seeks to go global with its high-tech folding boat.
Start-ups often underestimate the time required to raise capital, says the co-founder of Starfish Ventures, following a $2 million investment in an email and web communication company.
Sydney-based tech start-up Tapestry, which has created a social media platform suitable for older people, has snagged $600,000 in a funding round led by Sydney Angels, having already won two grants from Commercialisation Australia and a national iAward.
Wine retailer Naked Wines has recruited more than 2,000 “angels”, who have raised $1 million to fund wine made by up-and-coming independent winemakers.
Venuemob and 121cast are the first Australian tech start-ups to receive funding from the Optus Innov8 Seed Program, pocketing $450,000 and $250,000 respectively for their innovations.
Global Entrepreneurship Week has kicked off with a bang in Australia, with a lengthy list of events tipped to provide plenty of inspiration for aspiring entrepreneurs.
Boost Juice Bars has opened its 200th store in Australia as it continues to grow its network nationally and internationally, highlighting some key tips for start-ups to take note of.
Veteran racehorse trainer Bart Cummings accused the Victoria Racing Club of “pandering to the internationals” for tomorrow’s Melbourne Cup, but what of the overseas start-ups jostling for position with budding Australian business thoroughbreds?