In Australia, the Australian Technology Park in Sydney, Parkville Knowledge Precinct in Melbourne, and Kelvin Grove Urban Village in Brisbane are certainly emerging urban knowledge precincts.
Troubled research group National ICT Australia last week revealed one of its spinoff companies, cloud disaster recovery group Yuruware, had been purchased by US data protection company Unitrends for an amount reported to be at least $10 million.
I just wanted to post a quick note to let readers know that AngelCube, the Melbourne-based startup accelerator, has opened the doors for applications for its 2014 intake. If you don't know about AngelCube but you are interested in starting your own IT startup, you had better familiarise yourself quickly, because you only have a few days to file your entry.
Delimiter’s spies have pointed us to a post made by Leigh’s advisor Thomas McMahon on startup/developer gathering ground Hacker News last week.
I have to say, it’s hard to disagree with the Atlassian gurus on this one. Comprehensively, if there was a measure which was aimed at assisting Australia’s ICT sector (particularly fast-growing startups), it appears as though the new Coalition Government was determined to cut it. Regular Delimiter readers will be aware that I didn’t find some of these programs very effective, but there is at the least no doubt that the Coalition certainly didn’t replace them with anything either. Tony Abbott, Joe Hockey and company appear to believe that the sector — responsible for huge ecoomic outcomes in other countries — has little relevance to the land Down Under. Strange stuff. Why wouldn’t you want to have a bevy of high-powered tech firms like Atlassian calling Australia home?
Shadow Treasurer Chris Bowen has given a landmark speech in which he argues that much of the future for Australia's economy lies in high-tech jobs, innovation and entrepreneurship, in sentiments which run directly contrary to the thrust of the Coalition Government's first budget.
A better understanding of the realities of entrepreneurial life in Australia will lead to better informed industry policy, and perhaps increased support for an ecosystem that is a key driver of future growth and development for Australia.
An industry group representing venture capitalists and private equity firms has heavily criticised the Federal Government’s substantial cuts to supporting startup and venture capital resources as part of this year’s budget, backing startup industry commments that the Government must move quickly to fill the gap it has created.
Australia's highest-profile organisation representing the technology startup sector has strongly criticised the Federal Government's substantial cuts to supporting resources as part of this year's budget, stating that the Government must move quickly to fill the gap it has created.
The Federal Government has made good on the threat delivered this month by its Commission of Audit to "abolish" key early stage innovation industry support vehicles Commercialisation Australia and the Innovation Investment Fund (IIF), with the pair and others to be rolled into a new body dubbed the 'Entrepreneurs' Infrastructure Programme'.
Tradie search site hipages.com.au this week announced it had secured $6 million in venture capital from a range of investors to expand its operations connecting Australians with small service providers in their area.
A landmark report published by Australia's largest startup industry representative group has outlined what is billed as the nation's first comprehensive plan to boost the local technology startup ecosystem, with a number of concrete steps listed which the Federal Government and other stakeholders can take to facilitate rapid growth.
The new Coalition Government’s Commission of Audit (CoA) has recommended the Federal Government "abolish" key early stage technology industry support vehicles Commercialisation Australia and the Innovation Investment fund, in a move slammed by venture capitalists as simply getting it "wrong".
If I've said it once, I've said it a thousand times: Now is a fantastic time to be involved in an Australian IT startup. It used to be that it was tough to find finding for great new ideas in the Australian technology sector, but the plethora of sizable investment deals over the past several years proven that the local funding environment has changed substantially.
Simon Hackett has teamed up with another senior former senior Internode executive and two early executives from electric car pioneer to found a new startup focused on building a new type of electric car specifically designed for high-speed performance racing.
South Australia's Liberal Party has vowed to make Adelaide "the startup capital of Australia" if it wins the upcoming state election, promising to plough some $500,000 into a startup week and committing to a slew of other initiatives that would help alleviate what the party described as the state's "devastating brain drain" crisis.
Corporate and technology consulting firm Deloitte has proposed a set of concrete definitions and rules that would substantially change the way the Australian Taxation Office deals with the contentious issue of employee share schemes for Australian startup companies.
Heard the term "Australian brain-drain"? You're probably not going to see a more blatant attempt at it than this.
What this investment, as well as the planned ASX listing and its past healthy fundraising efforts, shows is that ingogo is pulling in substantial revenues.
The nation's largest telco Telstra has added to a recent splurge of funding on smaller companies, ploughing a reported $10 million into US-based corporate cloud file-sharing company and Dropbox competitor Box.
Australian web startup DesignCrowd announced overnight that it had picked up a further $3 million in funding from Melbourne-based venture capital firm Starfish Ventures, which it will use to continue to scale up its operations and take advantage of the growing trend towards crowdsourcing tasks online.
The nation's largest telco Telstra has poached Pollenizer co-founder Mick Liubinskas to help it get its new startup incubator Muru Digital (muru-d), in a move that marks the end of an era for startup incubator Pollenizer and one of the most famous partnerships in Australia's technology startup ecosystem.
As many people will be aware, yesterday an Australian startup named Flirtey announced that it in March next year, it would launch a commercial drone package delivery service, using "fully automated drones" to deliver packages in inner Sydney through short flights. But can this claim be believed?
Freelancer, the online freelance and labour market site has issued its prospectus ahead of a listing on the Australian Stock Exchange (ASX).
Long-time Australian email company FastMail.FM has announced that it has been bought back by its own employees from Opera, just three and a half years after it was sold to Norway-based browser firm.
If you've been paying attention to Australia's technology startup sector recently, you might have noticed that it's absolutely booming. Tens of millions of dollars are being ploughed into new startups, incubators and co-working spaces are popping up all over the place, and successful startups like Freelancer.com are considering massive stock market listings.
Outspoken Freelancer.com chief executive Matt Barrie today noted that the company would turn down the offers it had received to sell to a larger group or take investment, instead flagging plans to list on the Australian Securities Exchange later this year and continue the drive to develop Australia's home grown technology industry.
Uber this week announced a somewhat-free week in Sydney, allowing users up to $60 worth of credit on its service. Meanwhile the service which is emerging as its main local competitor, goCatch, just pulled in a cool $3 million in venture capital.
Thought Australian outsourcing marketplace Freelancer.com was going to grow up into a strong, Australia-based company that would conquer the world? Well, it appears that you may be wrong. According to US technology blog TechCrunch, Japanese HR and recruitment giant Recruit Co. has made a $400 million offer to buy Matt Barrie’s bouncing baby boy.
There might not be enough capital floating around in Australia’s IT startup ecosystem for it to expand at the rate some would like, but some startups, at least, are not finding much difficulty with raising capital. Crowdsourced security startup Bugcrowd today revealed it had picked up $1.6 million in funding from Australian and US investors.
According to Phil Morle, the co-founder of startup incubator and consultancy Pollenizer, the situation still isn’t where it needs to be in terms of IT startup funding in Australia.
Understandably, new governments have an interest in putting their own stamp on policy, particularly in areas as critical to our future as research and innovation, but sometimes continuity and re-badging is preferable to scorched earth.
If you listen to the rhetoric emanating from Australia’s political sector, especially the Australian Labor Party, you’d no doubt believe that the construction of the NBN alone was enough to guarantee that Australia will develop a strong local technology startup culture, similar to that found in Silicon Valley in the US, or in other locations internationally such as Tel Aviv in Israel. However, as one of Australia’s most experienced startup mentors and commentators, Sandy Plunkett, writes, this simply isn’t true.
The next Atlassian could be started by a pair of Chinese students studying right now in Melbourne, or an Australian-born Vietnamese or Indian entrepreneur who can leverage transnational family connections and build a fast-growing company.
Earlier this month the Rudd Labor Government issued a discussion paper on the taxation of employee share schemes. This is the best opportunity for as long as Senator Kate Lundy can remember to contribute to a formal process about how we provide the right practical and effective incentives for start-ups in Australia.
Often I've found, in my field of online publishing, that the solution you're looking to with regard to a problem you're experiencing has already been worked out by someone else -- someone you can easily talk to about it. Startups thrive when they interface with each other and share lessons.
Those of you who were watching closely would have noticed that the Federal Government finally last week released a discussion paper looking at new rules for Australian technology startups (see the media release here), which would make it much easier for IT startups with 10 staff or less to launch share programs for employees without having those programs attract massive taxation headaches. But do the rules go far enough?
Australian e-commerce software as a service firm Bigcommerce revealed overnight that it had picked up a further US$40 million in funding, taking its total investment from the US venture capital scene to some $75 million and further illustrating the rapid growth of Australia's startup scene.
Telstra has been talking up its investment arm for a while now, and it's good to see the company start to make some strategic investments. It's just a pity that it's not focusing more on Australia.
Venture capital and private equity firm M. H. Carnegie has revealed it is preparing to launch an $120 million venture capital fund using local user interface and digital marketing firm Vivant as an incubation facility, in one of the more unusual such collaborations seen so far in Australia.
We're seeing a great deal of investment in Australian technology startups at the moment. After years in the wilderness after the dot com crash, the local funding scene appears to be running hot. The latest cab off the rank is point of sale startup Kounta, which last week announced it had kicked off its first venture round, with Reckon founder greg Wilkinson kicking in an unspecified amount and joining Kounta's board.
Not every Web 2.0 startup is for sexy young things who are devoted to sharing every instant of their “social universe” online. Some startups aim at different categories. A good example is Tapestry.net, which just picked up a cool $400k in investment from government group Commercialisation Australia.
Telecommunications and media giants Telstra and Seven West Media have revealed they will splurge a total of $10.4 million on HealthEngine, in a move which represents the second major investment in the seven-year-old Perth-based health appointment search startup in less than a year.
Australian startup We Are Hunted, which was formed out of Wotnews as a side project and survived its death, has just annoucned that it has been bought by social networking site Twitter.
Melbourne geek Anthony Agius’ newest venture is attempting to ascertain whether he can make enough money from mining the Bitcoin virtual currency to keep himself in new servers and fast broadband in the style to which he has become accustomed.
Australian web startup Canva this morning revealed it had picked up a $3 million seed round from a number of early stage investors and venture capitalists in Australia and Silicon Valley.
Less than 24 hours after one of Australia's most high-profile declared Australia's venture capital industry "dead", a new $30 million venture capital fund has launched locally to support the next wave of Australian tech startups, backed by a who's who list of the local early stage technology industry.
It seems virtually everyone's getting on the whole "digital economy" bandwagon these days. The latest cab off the rank is Brisbane, which has appointed a chief digital officer and this week launched its new 'digita strategy'. Nice.
Startup consultancy and incubator Pollenizer celebrates five years with a new book about the lifecycle of startups, Startup Focus.
Australian startup incubator Pollenizer has raised a further $1.1 million to continue to develop its operations, and has substantially reformed its model on building startups to place a higher emphasis on its staff acting as co-founders of the startup companies it helps to foster.
The Innovyz START startup accelerator program recently launched by ANZ Bank has revealed the second 10 startups to which it will attract funding and mentorship, with the major of successful startups originating in South Australian capital city Adelaide.
Just wanted to post a brief note that Optus has opened the second round of applications for Australian IT startups to attract seed funding under its Innov8 program.
Following the launch of next-generation taxi service Uber in Sydney in late October last year, the US startup has now annoucned that it has launched quietly in Melbourne.
According to From Little Things, the Gillard Government is currently sitting on its hands with respect to decisions about supporting Australia's IT startup sector and hasn't responded to its own review in the area.
If you're interested in Australia's IT startup ecosystem, you could do a lot worse than read this fascinating braindump by Morle posted amid the dying embers of 2012.
Today Victoria's’s Technology Minister Gordon Rich-Phillips has gone into bat for technology giants such as Google, defending the search giant against the Federal Government’s attempts to make it pay a fair level of tax in Australia.
Anyone who still thinks there aren't sufficient funding options in Australia for startups had better take another look at that belief, because over the past year we've seen an absolute heap of decently sized early funding rounds for fast-growing local IT companies. Now there's one more to be added to the list -- email and collaboration company Atmail, which has picked up $2 million from Starfish Ventures.
The From Little Things blog created by Australian startup incubator Pollenizer recently has been turning up some solid content; profiles of Australian startups, interesting tidbits about the local investment and more. And today it’s gone one better, publishing a detailed report into Australia’s IT startup scene and how it compares internationally.
National telecommunications player Optus has made its first investments in several Australian technology startups, courtesy of its Innov8 seed fund set up in collaboration with parent SingTel, with local groups 121cast and Venuemob getting the nod for initial capital investment.
A quick search of accommodation crowdsourcing website Airbnb reveals that it’s been operating in Australia for a while (or at least taking bookings and accommodation advertisements from Australians), but the US-based startup hasn’t previously had an official presence Down Under. Until now.
US-based personal transport startup Uber has started testing its service in Sydney, encouraging Sydneysiders to download its mobile application and start requesting rides instead of using existing taxi services.
Melbourne-based cloud content delivery network startup MetaCDN this week revealed it had completed one of the largest early stage investment rounds in an Australian technology startup over the past several years, winning $2.3 million in funding from investors including Starfish Ventures and the University of Melbourne Endowment fund.
Mark Greig, the commercial director of Pollenizer Global (and chairman of Pollenizer’s Investment Council) has published an extremely common sense blog post outlining some the basic things you need to know about investing in Australian IT startups.
The Federal Court has dismissed a lawsuit brought by Australia Post against fledgling e-post joint venture Digital Post Australia with reference to the similarity in the name of the company with its own well-established brand.
Australian mobile app platform startup biNu this week revealed it has picked up $2 million in investment funding from a number of high-profile investors, including TomorrowVentures, the investment group of Google chairman Eric Schmidt.
Australian IT startup Scriptrock has won venture capital funding of $1.2 million from a list of names which reads like a who's who of the local and international technology investment scene.
Two of Australia's most hyped Internet startups have shut their doors just six months after launching or taking investment, in a sign of how quickly events move in the rapidly evolving local technology ecosystem.
A who’s who of the Australian technology startup founder scene (you know these guys, it’s much of the same crew behind initiatives such as Startmate — the Atlassian founders, Niki Scevak and so on) has reportedly banded together to kickstart a new Australian venture capital fund dubbed ‘Blackbird Ventures’.
Three Australian IT and web startups have revealed that they have attracted sizable investment rounds over the past week, as the nation's startup community continues to gain in scale amid a constant and ongoing series of capital injections that is fuelling individual company growth and the growth of the local ecosystem as a whole.
Sydney-based children's entertainment company Bubble Gum Interactive has raised another $2.5 million to help fund the expansion of its Little Space Heroes online game, adding to an initial $1 million raised in mid-2011.
Australian Internet news aggregator Wotnews has announced it will shut the site down to focus on its sister site WeAreHunted, potentially leaving site investor and Wotif.com multimillionaire Graeme Wood out of pocket.
Sydney-based next-generation mobile startup Paloma Mobile has raised $1.5 million in investment funding from Australian venture capital firm OneVentures, in a move which will further highlight the growing strengths of the local funding landscape for Australia-based technology startups.
This morning the Sydney Morning Herald published a series of articles claiming that Australia's technology startup ecosystem is unable to support local entrepreneurs, causing them to increasingly head to the US in search of the financial backing they are unable to attract in Australia. The only problem is, the evidence doesn't support this assertion.
Australian software specialist Reckon has announced a strategic minority investment in local start-up Connect2Field. Reckon acquired a 30 percent stake for $660,000, thus providing its customer base a useful application for field staff management and paving its way into the CRM space.
The second edition of One More Thing, a conference of iOS developers and designers, has been scheduled for May 25th and 26th in Melbourne, Australia.
Australia Post has instituted legal proceedings against fledgling e-post joint venture Digital Post Australia with reference to the similarity in the name of the company with its own well-established brand. It has sought an injunction in the Federal Court to stop Digital Post Australia from using the name ‘Digital Post Australia’ for its digital mailbox service.
River City Labs, a Brisbane based start-up company, was officially opened on 22 March 2012 by Brisbane Deputy Mayor Adrian Schrinner. According to a press release, Labs is a not-for-profit co-working space founded and funded by Stephen Baxter, PIPE Networks co-founder (pictured, above left) and a well-known figure within the telecommunications and Internet industry.
A trio of business process companies have teamed up in a joint venture to offer Australians an easy way to receive their physical mail -- online.
Australian startup Airtasker has used its fledgling jobs board service to advertise for someone to line up outside the Sydney Apple store to buy the new iPad when it is launched this Friday in Australia.
The Victorian Coalition Government has launched an $11 million 'Digital Futures Fund', which is aimed at giving a substantial boost to cutting edge Information and Communication Technology (ICT) projects in the state.
Australian enterprise software firm Atlassian revealed this week that it had acquired San Francisco-based HipChat.
Every so often you come across something in Australia’s technology sector which infuriates you because of its counter-intuitiveness. Today’s item is the news broken by Mahesh Sharma at ZDNet.com.au that local technology incubator Startmate has successfully advised its latest batch of companies to become incorporated in the state of Delaware in the US instead of in Australia.
Australian video social network Kondoot has announced plans to launch an Initial Public Offering (IPO) in a bid to raise $10 million for its marketing and expansion plans.
There is good news for Australian start-ups looking for investment and guidance, as start-up incubators are opening new rounds of applications for their funding intake and mentorship programs. These investors provide internet companies seed capital, mentorship, connections, opportunities for Australian web start-ups, usually for a minority stake, and even pitch for top-tier venture capitalists and angel investors.
Thereitis.com, the Adelaide start-up spun out of Flinders University has elicited a $2 million angel investment round to steer international commercialisation of its user interface technology.
Airtasker, a new online community marketplace based in Australia that lets people outsource everyday tasks and chores to ‘runners’ -- local community members looking to earn some extra money -- was launched on February 21, according to a media release issued by the company this week.
Online group buying deals are finding favour with more and more Australians, going by sales figures. According to local emerging technology analyst firm Telsyte, the online group buying market generated revenues worth $498 million in 2011.
Another one of startup incubator Pollenizer's portfolio companies has raised a significant amount of investment capital to expand its operations, with social payments company Pygg today revealing it had taken $600k in funding.
A 19-year-old Australian developer, Zac Altman has successfully launched an online service for taxi users in Australia focusing on mobile bookings, thrusting himself into an industry worth hundreds of millions of dollars per year.
BugHerd, the Australian developer of the bug-tracking software by the same name, revealed yesterday that it had received a $500K investment from Melbourne-based venture capital firm Starfish Ventures.
Pollenizer-backed startup 99dresses this week took its site down for renovation promising that it would eventually return, but revealing it was suffering from financial problems linked to its use of virtual currency.
Startmate, the Sydney based mentor-driven seed fund that invests in Australian techies who have ambitions of creating startups, has announced its latest class of protégées for the 2012 program. The fund was announced at the Tech23 2010 event held in Sydney and it has a stated mission of helping create world-class companies that will solve customer problems.
Local startup incubator Pollenizer has launched the opening of its Autumn semester intake for new startups from 1 April 2012, calling for applications until 20 January. Those businesses shortlisted will be notified between 23 and 25 January.
The University of New South Wales (UNSW) has announced the launch of what it describes as its Venture Incubator Space under the auspices of the university’s School of Computer Science and Engineering.
Mike Sneesby was yesterday announced as the Chief Executive of Cudo, the online group buying company that is a joint venture between Microsoft and Nine Entertainment Co (NEC).
Leading Australian game developers Halfbrick Studios are opening a new Sydney office and will be developing the next edition of their internationally acclaimed app Fruit Ninja in the city, announced NSW Deputy Premier Andrew Stoner yesterday, with the support of funding from the State Government.
US-based community led search site Yelp has ventured into Australia through a local version of its site. The website is a platform for sharing opinions and recommendations on businesses and services in the neighbourhood.
Australian iOS and Android app development house Shifty Jelly has published an extensive and heart-felt blog post detailing what it's really like to be an app developer in the cold, hard smartphone/tablet world.
Future Capital Development Fund (FCDF), the prominent Australian web 2.0 investment group, announced its investment yesterday in two more companies, TheAgendaDaily.com and BlueChilli Technology. This brings the total of fast growing Internet companies in the Future Capital portfolio to at least 14.
Australian cloud computing startup OrionVM today revealed it had taken angel investment capital from two high-profile technology sector luminaries: PIPE Networks co-founder Stephen Baxter and US engineer Gordon Bell, of Digital Equipment Corporation fame.
Retail giant Walmart has acquired fledgling Aussie tech startup Grabble for an undisclosed figure, with the deal being announced this week on the company’s site by founders Stuart Argue and Anthony Marcar.
Global social bookmarking company Delicious has bought Australian startup Trunk.ly, less than a year after the site launched in the wake of Delicious' own temporary sunset at the hands of former owner Yahoo.
Australian startup incubator Pollenizer today revealed it had added a further $1.1 million in investment to its coffers, with the aim of furthering its mission of helping to build innovative technology startups.
Two high-profile Australian startups who have built their businesses on crowdsourcing this week revealed they had attracted a total of $14 million in venture capital funding that will allow them to continue to grow aggressively and extend their reach outside Australia.