Category Archives: Productivity Back

“INNOVATION WILL FLOURISH” IN THE DIGITAL CURRENCY SECTOR AS ANTI-LAUNDERING LAWS PASS

The passage of anti-money laundering legislation through Parliament on Thursday will facilitate further growth in Australia’s local blockchain and digital currency industry, according to local fintech leaders.  The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 will extend anti-money laundering and counter-terrorism financing regulation to digital currency exchanges. The legislation requires these exchanges to monitor … Read more

Amazon launches in Australia, showing why industry predictions are futile

Christmas shoppers might have thought the global retail giant had forgotten them, but that is not the case: from watches to office supplies, Amazon Australia hit the “live” button today. After years of speculation and several libraries’ worth of analysis from local retailers about the impact of the launch, the Australian arm of the billion-dollar … Read more

THE CROSSROADS REPORT: POOR ACCESS TO GLOBAL TALENT BUT ITS NOT ALL BAD NEWS FOR STARTUPS

Although it’s becoming easier for startups to raise capital in Australia, high-growth companies are hamstrung by a shallow pool of global talent, warned Alex McCauley, CEO of StartupAUS and lead author of the 2017 Crossroads Report. The report, a comprehensive review of the nation’s startup ecosystem, features a state-by-state brief on the progress of local startup ecosystem, … Read more

WHAT KING KONG’S FOUNDER IS DOING TO OUTPACE OTHER DIGITAL AGENCIES IN THE RACE FOR GROWTH

Asked how King Kong came to be crowned Australia’s fastest-growing digital marketing agency, founder Sabri Suby said his team practice what they preach, put skin in the game, don’t hide behind vanity metrics and focus on bringing cash in the door – “We’ve had no choice, being bootstrapped, but there’s no smarter way to grow”. … Read more

Atlassian’s Scott Farquhar on why startups need “creative conflict”: ‘The day of the lone genius is dead’

The successful startups of the future will be the ones that create open environments and encourage “creative conflict” among team members, says Atlassian co-founder Scott Farquhar. And that’s because this “creative conflict” zone, where all employees feel safe to make contributions, is where ideas are born. The day of the “lone genius is dead”, Farquhar … Read more

Sydney-founded software startup LiveTiles strikes deal with Victorian government to create 500 jobs at Geelong headquarters

Sydney-founded, US-based software startup LiveTiles has come home to roost, striking a deal with the Victorian government to establish an Asia-Pacific headquarters and innovation centre in Geelong. LiveTiles is a cloud-based educational software platform aimed at corporates and other organisations, launched in 2014 by founders Karl Redenbach and Peter Nguyen-Brown. The company raised $12 million earlier … Read more

Mentoring start-up raises $1 million and wins Olympic contract

Mentorloop finalised a $725,000 capital raise on Tuesday bringing the total funds raised for the mentoring software platform to $1 million. The seed round was raised from venture capital firms Blackbird Ventures, Rampersand and Tempus Partners and Mentorloop will use the funds to accelerate its growth including a partnership with the Australian Olympic Committee. Mentorloop … Read more

Women-led startup turns domestic abuse survivors into entrepreneurs

Amonth ago Christine and her children were living in a shelter for survivors of domestic violence. Now she lives in her own apartment and runs a business selling aromatherapy products on the side while working as an admin assistant. She credits that transition to a not-for-profit called FreeFrom, which helps women who have left abusive partners launch … Read more