Thursday, August 18, 2022

Four in ten Aussie SMEs to cut costs and postpone investments in FY23

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A taxing financial year is forecasted for Aussie businesses, with many feeling the pressures of a tight labour market, capacity constraints, tighter borrowing criteria and supply chain disruptions. In March, the business exit rate in Australia reached almost 4% as inflation and interest rates were projected to shoot up. Research from a financial comparison website uncovered some financial decisions SMEs will make in FY23 to guarantee their survival. 

Intuit QuickBooks Australia named one of Australia’s best workplaces

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Intuit QuickBooks Australia has been ranked 11th Best Medium Workplace in Australia 2022 by Great Place to Work. With the business prioritising its people’s health and wellbeing, implementing programs to support emotional, physical and financial wellbeing, and providing an extensive perks program with health and tuition benefits, the formula for success is working - resulting in a vibrant, inclusive culture where Intuit’s people can do their best work. 

Moldova Innovation Technology Park underpins impressive IT sector growth

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In July, Moldova Innovation Technology Park (MITP) hosted its biannual Sum IT Up event to report on the status of the tech industry. MITP, an innovative e-Park that provides residents with a 7% flat tax rate, has been working to carry out the strategic plan for 2021-25, while also adapting to the shifting economic and political context driven by the war in Ukraine.

Programmatic DOOH gains traction amongst advertising organisations

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Australian advertising agencies are continuing to embrace programmatic digital out of home advertising (pDOOH), with 83% of agencies having used pDOOH and 48% at least regularly considering it according to the Attitudes to DOOH 2022 Report by IAB Australia at AdTECH:OOH.  The Report is based on a survey of 530 advertising professionals across agencies, brands and ad tech suppliers in the Australian market conducted in July 2022.

upGrad names Myleeta AgaWilliams Chief Executive Officer – International

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upGrad, Asia’s largest higher EdTech Company, announces the appointment of Myleeta AgaWilliams as CEO - International to spearhead growth across the Asia Pacific, EMEA and the US regions. With over two decades of experience in global and digital businesses, Myleeta will be responsible for managing end-to-end international operations and creating region-specific product pipelines, thereby driving high-impact revenue and profitability results.

Angel investment groups to receive funding to grow Victorian startups

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Three new angel investor networks backed by the Andrews Labor Govt through LaunchVic are set to unlock as much as $9m in early-stage capital market over the next two years. Minister for Innovation, Medical Research and the Digital Economy Jaala Pulford announced $900,000 in grants from the Labor Government’s agency LaunchVic overnight while at the Victorian Startup Ecosystem Gala. The grants will help the angel groups to establish operations in Victoria and invest in more than 40 up-and-coming local startups.

Optus appoints tennis champion Ash Barty as its Chief Inspiration Officer

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Australian technology business, Optus, announced world-champion tennis player Ash Barty as its Chief of Inspiration, Barty’s first new partnership since her retirement from professional tennis in March. The partnership will see Barty feature in a mix of content initiatives, employee engagement programs and community-focused campaigns aimed at connecting Australians together and inspiring them to say “yes” to their dreams, goals, and ambitions.  

Motorola Solutions marks 50 years in Malaysia and hails multicultural team

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Motorola Solutions celebrates its 50th anniversary in Malaysia, marking the firm’s remarkable evolution from a small semiconductor operation in 1972 to a leading provider of mission-critical tech which the public safety and enterprise security sectors depend on every day.

Fast growing green consulting firm Integral Group rebrands to Introba

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Integral Group, a network of deep green engineers and consultants, announced they are rebranding as Introba in the coming months. Today, Integral Group operates under different names across five countries – Australia, the United Kingdom, Serbia, Canada, and the United States. By uniting as Introba, the organization will bring together its more than 1,100 employees in 31 offices, creating one of the largest building engineering and consulting firms.

Prototyping and manufacturing facility to accelerate medtech start-ups

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Entrepreneurs and researchers will collaborate to develop new medical technologies for healthcare and diagnostics thanks to a new $16.7 million funding facility based at RMIT University. The Victorian Medical Device Prototyping and Scale-Up Facility has been announced today by Minister for Higher Education Gayle Tierney, supported through $12.7 million in funding from the Victorian Higher Education State Investment Fund (VHESIF).