Delicious/delimiterau
- Earning billions and getting taxed a pittance
- Dell chief defends transfer pricing
- Qantas tech exec shifts to Jetstar
- Zurich Australia leads regional thin client push
- Early investors drop Facebook
- Victoria kills HealthSMART IT project
- Woz not great - mUmBRELLA
- Santos' thin client starts big-data plans
- Nokia Lumia 800 revs up at Bridgestone
- Telstra privacy breach was 'one little oops'
Posts Tagged ‘funding’
Blog, Startups - Thursday, March 8, 2012 15:16 - 27 Comments
Startmate startups incorporated in … Delaware?
blog 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 (I recommend you click through and read the whole story, it’s a good one) that local technology incubator Startmate has successfully advised its entire latest batch of companies to become incorporated in the state of Delaware in the US instead of in Australia. Sharma reports:
“Startmate co-founder Niki Scevak explained that the primary reason for this was because of the payments infrastructure in Australia, which is managed by the big banks. It is extremely difficult for start-ups to navigate the red tape and bureaucracy involved.”
- NSW Govt funds Fruit Ninja Sydney studio
- VCs plough $14m into crowdsourcing startups
- Quickflix raises $4.6m for Internet platform
- Payroll problems overshadow Queensland budget
- Budget 2011: Pensioners get free digital TV
- Farr’s forward march: Defence wins IT funding
- Budget 2010: $375.4m to fix crappy bush TV signal
- Audinate raises another $4m








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