Monday, February 6, 2023

LaunchVic’s Alice Anderson fund for woman-led startups makes one year

An Andrews Labor Government backed investment fund for women-led startups is celebrating one-year helping local entreprenuers unlocking millions in capital. Minister for Innovation, Medical Research and the Digital Economy Jaala Pulford joined LaunchVic and the recipients of the Alice Anderson Fund overnight to celebrate its achievements so far and drive forward its goal of backing 60 women-led startups by 2024.

SMBs that adopt Eagle Eye Networks technology are eligible for tax break

Eagle Eye Networks, a company in cloud video surveillance and AI, announced its cloud video surveillance tech will be eligible for the Technology Investment Boost–a 20% tax deduction for small businesses that invest in digital technologies, including cloud video surveillance. Designed to encourage businesses to embrace the digital revolution by investing in new technologies, the Technology Investment Boost was introduced to Parliament in March. SMBs with less than $50m in revenues can receive a $120 tax deduction for every $100 spent on digital tech--such as cloud computing and cybersecurity--up to an annual cap of $100,000.

Mambu and Credisense team up to enable next-gen lending across APAC

Credisense, a no-code origination, workflow and credit decisioning platform headquartered in New Zealand, has partnered with global cloud-native SaaS banking and financial services platform Mambu, to accelerate the modernisation of lending systems in the APAC market. The partnership will provide lenders of all sizes with a flexible end-to-end lending platform that supports loan origination through to loan collections, all via a no-code, configuration-based technology stack. The Mambu / Credisense combined lending solution will help lenders to keep costs down while enabling them to modernise their technology systems, launch new products and services, and provide their customers with exceptional experiences.

Sydney FC extends partnership with GoTo as they move into new stadium

GoTo, the all-in-one business communications and IT support platform, recently announced Sydney FC has extended its official partnership with the business, as GoTo has increased its commitment to the Sky Blues.

APAC has lower unemployment, more vacancies than before the pandemic

PRO Unlimited, an integrated workforce management (IWM) platform provider, released the results of its July 2022 APAC Labor Market Report. The analysis highlights the employment rebound in full swing throughout the region and its implications. Despite unemployment figures in Australia, Singapore and Malaysia dropping to or below pre-pandemic levels, these countries have seen vacancies increase by 83%, 127% and 111%, respectively.

Phronesis Security becomes Aussies’ first B-Corp cybersecurity company

Phronesis Security has become the first cybersecurity firm in Australia to achieve the coveted B Corp certification having been certified since June 2022. The B Corp status comes in recognition of positive impact created through it’s business operations that founder and CEO Elliot Dellys hopes other businesses can adopt to improve social and environmental impact.

Procore opens APAC Headquarters in Sydney, plans to create 100+ jobs

Procore Technologies, Inc., a provider of construction management software, announced the opening of its APAC headquarters in Sydney. The continued investment in the region follows significant local demand, with business nearly doubling across APAC from 2020 to 2021. Five years since opening its first office in Australia, the investment in a new, larger space demonstrates Procore's ongoing commitment to Sydney as its regional headquarters.

Largest proposed green data storage announced to set up in Moreton Bay

One of Australia’s largest proposed ‘green data’ storage facilities has been announced for the Moreton Bay region in a step forward for Queensland’s renewable and digital economies. Acting Premier and Minister for State Development Steven Miles said Queensland-based renewables investor Quinbrook Infrastructure Partners had gained council planning and FIRB approvals for its Supernode complex in Brendale.

Meet the man on a mission to end the homelessness epidemic in Australia

Leading Australian businessman, entrepreneur, author and renowned philanthropist Chris Christofi has embarked on an ambitious campaign to break the all time donation record for this year’s Vinnies CEO Sleepout, setting the lofty goal of raising $250,000 for charity. Mr Christofi, founder and CEO of property investment and finance group Reventon, will partake in his 5th Sleepout. The event will be held at the Port Melbourne Timber Yard on 23 June. Chris aims to donate $250k to help improve the homelessness epidemic in Australia.

Major investment charges Victoria’s electric vehicle transition at RMIT

The first electric vehicle research facility of its kind in the southern hemisphere will be established at RMIT University in the heart of Melbourne’s Central Business District. Supporting the Electrification of Victoria’s Future Fleet is a major project bringing government, university and industry partners together around the expertise and infrastructure needed to support widespread adoption of electric vehicles in Victoria.