Grants of up to $2,100 for small business cybersecurity checks: Here’s how to apply

Small businesses will be able to apply for up to $2,100 in funding to help get their cybersecurity tested under a new government initiative announced today. Minister for Industry, Science and Technology Karen Andrews said $10 million will be committed to a new grant scheme, designed to address digital security shortcomings among small firms. Businesses … Read more

Inside a $111 million deal: How HR startup Deputy secured the biggest Aussie Series B raise of all time

Last week, Sydney-based startup Deputy bagged a whopping $111 million in a deal touted as Australia’s biggest Series B ever. But what was it about this startup that attracted so much interest? And how did this founder win his investors’ hearts, minds and money? The investment was led by Silicon Valley venture capital firm IVP, … Read more

Rejected by the banks: SMEs turn to equity crowdfunding after failing to secure business loans

Despite multi-million dollar revenues and massive demand for their product, Jonathan Byrt and Jesse Leeworthy had been refused a business loan by every bank in Australia. Lenders from all of the big four and even most of the smaller banks took one look at the young company’s lack of securities and shook their heads, leaving … Read more

“Always be ready”: Ansarada co-founder Rachel Riley on how to prepare for your next capital raise

Local startups aren’t reaching their potential due to mistakes made in the capital raising process. No matter how hungry they are, lack of preparation means time and resources are being wasted, with once in a lifetime opportunities being lost. Aussie venture capital firms are investing more in local startups than ever before, with $848 million … Read more

Want to get a VC’s attention? Start thinking big, says Right Click Capital’s Benjamin Chong

Australia is one of the best places in the world to launch a startup, as long as you’re prepared to think globally, according to Right Click Capital partner Benjamin Chong. Speaking on a Founder Institute webinar on how to grow the startup ecosystem in Australia, Chong, who is also managing director of the Founder Institute … Read more

On the search for $49 glasses: Investec launches $70 million fund for emerging businesses

David Phillips, the Australian head of emerging companies at investment bank Investec, says he’s got “plenty” of money but his glasses of choice are a $49 pair from startup Dresden Optics. Dresden Optics only makes one design of glasses allowing it to manufacture cheaply and quickly in Australia with prescription lens cut to order in … Read more