Startups

Australia’s fintech sector will be pleased by the federal government’s budget commitment to spend $44.6 million over four years to establish a Consumer Data Right. The CDR is a necessary building block for the progress of Open Banking, and is designed to make it easier for consumers to access their financial records.

In its changes to the R&D tax incentive, the federal government has chosen to target primarily big business rather than startups in its efforts to save $2.4 billion over the next four years.

Microsoft CEO Satya Nadella has taken a dig at Amazon and Google, accusing them of effectively rigging their systems to the detriment of retailers. Nadella attacked the rivals to his Microsoft Azure cloud platform, saying: “Amazon and Google both are fantastic at being able to rig transactions.”

“There’s just too many people signing up. I’m worried I won’t be able to take on more customers,” professed the young startup founde…

Australian hypnosis app Mindset has reached a milestone 12,000 users in just over two months, attributing its growth to a strong social presence and a commitment to getting to know its users.

A US startup success story is heading to Sydney, and advising others to think globally, too. Chicago-based sales and marketing automation startup ActiveCampaign is opening its first international office in Sydney, in a bid to better serve its Australian and APAC clients.

Democracy is destined to be blockchain-based, according to Jamie Skella, co-founder of blockchain-for-voting startup Horizon State.

Budget 2018 will be a litmus test of the federal government's commitment to startups and innovation, writes Tom Skotnicki.

Having spent 37 years in the electrical industry, a US native based in Australia has secured $400,000 of initial seed funding to launch QuickSafety, an app intended to improve electronic safety compliance testing.

The only thing an investor knows for sure when they invest is that things are going to go wrong. Of the hundreds of decisions you make every day as a startup founder, you’ll get a bunch wrong (we all do). Some of those will have no discernible negative impact, some may be catastrophic. Or it may be circumstances outside of your control that cause a crisis or three along the way.

Despite closing down its San Franciso office after just one year of operation in the States, Australian workplace safety startup SafetyCulture’s story for the past few years has been one of growth and learning.

Amazon founder Jeff Bezos has confessed that his ecommerce, cloud and publishing enterprises come second to — and fund — his “most important work”: space tourism and reusable rockets.