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Asia Tech, October 2024
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September: Australia

Australia’s tech news headlines in September captured a range of items, including: the Reserve Bank’s position on digital currency; Australia’s social media ban for certain younger age groups; NSW startups’ new-found access to Vietnam and beyond via International Landing Pads; messaging apps utilized by criminal groups; She Loves Tech Oceania’s recent finals; and more.

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  • An intro to Australia’s AMSL Aero’s Vertiia, a hydrogen-powered vertical takeoff and landing vehicle claiming the world’s-longest VTOL range of 621 miles / full item
  • Reserve Bank of Australia postpones pursuit of a retail CBDC, with focus instead shifting to a wholesale CBDC / full item
  • Australia: A brief intro to the 8 startups selected for the Google for Startups Accelerator AI First program, working in areas from coding to pet health / full item
  • Australia’s Quantum Brilliance to help deliver world-first mobile quantum computer for Germany’s cyber innovation agency by 2027, with civil and defense use cases / full item
  • Australia: 30X30 program opens for applications, seeking founders and C-suite leaders for mentoring on the challenges of high-growth enterprizes / full item

“Pacific Island nations, notably Papua New Guinea, Solomon Islands and Fiji, have become significant areas of geopolitical competition…” / full item

  • Australia: 2024 Startup Daily selects 2 firms as joint winners of Most Innovative Startup, Goterra insect protein agri-tech and Agili8 remote community healthcare firm / full item
  • Australian Federal Police arrests crime syndicate members including creator of encrypted messaging platform specifically designed for use by criminals / full item

‘Central Bank Digital Currency and the Future of Digital Money in Australia’ “There is no clear public interest case to issue retail CBDC in Australia as yet…” / full item

  • Australia: An intro to the 4 tech startups selected for cohort 2 of the AWS Global Generative AI Accelerator program / full item
  • Australia: A brief intro to the 8 tech startups selected for cohort 1 of the Google for Startups AI First Accelerator, working in assets management, online communities, customer insights and more / full item
  • Australia: Build Buddy construction-tech startup moves to Startup World Cup finals with platform allowing users to design and build their own home / full item

“Social media giants would be forced to ban children under the age of 14 from their platforms or face hefty penalties, under proposed laws in South Australia that could be replicated…” / full item

  • Australia: ElectraLith, startup making lithium extraction susatinable, running on renewable energy and requiring no water or chemicals / full item
  • Australia: Government proposes fines for internet platforms of up to 5% of their global revenue for failing to prevent the spread of misinformation. / full item
  • Australia: Morgan Stanley is to use AI to manage high-net-worth client portfolios with automation of some financial adviser processes / full item

“ChatGPT… has little to do with Australia other than the fact that people here use it… they help to train the OpenAI’s models themselves without any direct benefit…” / full item

  • Australia: Here’s an intro to the 12 startups selected for the NSW Government-supported 2024 Techstars Accelerator Program / full item
  • Here’s a brief intro to 3 Aus-NZ tech startups that between them raised $36.1M in the week to September 6th, working in real estate, manufacturing and agriculture / full item
  • Australia: AICRAFT AI firm secures SA Space Collaboration & Innovation Fund backing, partnering India’s Guerin space-tech for miniaturized SAR radar / full item
  • Australia: NSW startups gain SE Asia market access with International Landing Pads agreements in Vietnam, Indonesia and Malaysia, and reciprocal access / full item
  • Country profiles for Australia, India, Japan and Singapore, via the cmspi ‘Payments Regulation in Asia’ report / full item
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  • Australia: ‘MQ Incubator Lunch & Learn – Startup Blueprint, From Idea to Launch’ takes place online and in-person on September 4th / full item
  • Australia: A quick look at the approaching She Loves Tech Oceania Regional Pitch Finals and the individuals and startups taking part / full item
  • India’s Bharat Web3 Ass’n inks agreements with Australia’s Digital Economy Council and Asosiasi Blockchain Indonesia for collaboration, standards development and more / full item

“Shrinking [Australia’s] presence in the global semiconductor value chain has allowed us to sidestep… trying to compete with global semiconductor superpowers, but… we lose opportunity” / full item

  • New Zealand: Checkmate pre-employment screening startup lands $1.6M seed funding, targeting markets including Australia and The Philippines / full item
  • South Korea’s Hanwha Aerospace and Australia’s Gilmour Space ink MOU for collaboration in space launch and satellite imagery / full item
  • First Nations Allies Summit is set for December 2nd, delivered by Barayamal / full item
  • Japan and Australia launch Pacific Digital Development Initiative, focused on Pacific Island nations infrastructure, telecoms, and information security. / full item
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