“2.3% of the world’s tech unicorns ($1Bn+ companies) have already been founded in Australia, even though our global share of GDP is just 1.6%. By better understanding and focusing on our relative strengths, Australia can create and attract more global companies, create thousands of new jobs, and truly turn Australia into a leading regional tech hub,” she said.
The report finds that five tech sector industries are already each worth > $30bn…
July 2022 | August 2022 | September 2022
Don’t miss out: Asia’s tech newsletter, weekly on Substack
in September 2022
Western Australia Dealroom: Data for founders, investors, execs…
- Tech Council of Australia published ‘Turning Australia Into A Regional Tech Hub’ report, outlining aims to compete with Singapore, China and Japan as a hub for Asia-Pacific
- Australia: e-Safety Commissioner pursues big tech with Meta, Apple and Microsoft directed to share their strategies for stamping out ‘abuse material’ on their platforms
- Google News Initiative Startups Boot Camp in Australia and New Zealand applications are open, seeking entrepreneurs in the news sector
- Australia: Zipr fashion-tech startup takes SmartCompany pitch night win with sights on social commerce market, bringing video and e-commerce together for brands and individuals to sell clothing
- Australia: LUMOS brings advertising-enabled smart bags to life for gig economy delivery riders, raising $800K pre-seed funding to address the opportunity in out-of-home ads
Australia: National Plan to Combat Cyber Crime 2022 (pdf)
- Australia: Energy Queensland is building 3D digital twin of above & below-ground infrastructure in bid to better manage assets including 153K substations, 178K km of overhead lines and 1.7M power poles
- Australia: Startup OnRamp Pre-Accelerator applications for Cohort 2 close soon for September’s intake – apply now
- Insider cyber threats pose ‘significant’ risk to Australia’s defence force, brief warns
- Australia: Nutromics medtech firm raises additional $14M with wearable diagnostics platform using single pathc and DNA technology to enable tracking for multiple targets in the human body
- Australia: Hillridge insurance-tech raises $2.3M seed funding with agri-focused insurance, using weather data, machine learning and farms focus to provide insurance and self-executing blockchain contracts
- Australia: WA state gov’t launches Dealroom WA, a data-driven public dashboard to develop the State’s early-stage innovation ecosystem
Australia, UK & ASEAN cooperation: The cyber–maritime security nexus
- Australia: Nuroflux medical-tech startup takes overall excellence award at inaugural Fishburners Tech for Good Awards with device to monitor brain activity and blood flow following a stroke
- Australia: ANZ banking services head talks of metaverse-related services, smart contracts, blockchain-based services and more as part of banking’s future
- ICYMI: Digital Twin International Conference set for September 26th, an online event from Australia’s University of New South Wales
- Australia: ‘We can learn from the Optus Data Breach whether it was criminal or state actor, Fergus Hanson says. Australia should consider establishing an ‘Office of Future Threats’ to deal with national-level risks from stolen data, he writes.’
- Australia: Livewire raises $4.7M Series A with gaming-based marketing and advertising solutions, providing a single entry point with services including strategy, creative, content and media
- Australia: Reserve Bank and Digital Finance Cooperative Research Centre release white paper seeking submissions on possible Australian central bank digital currency
- Australia: Gov’t opens consultations for Startup Year program for 2000 HECS-style loans for final-year undergrads and post-grads to enter a higher ed-based incubator or accelerator
- AUKUS is not a security alliance…AUKUS is a technology accelerator agreement…to allow three countries to work closely together to translate the promise of today’s maturing technologies…into tomorrow’s military edge.
AUKUS and Australia’s tech ecosystem / US Studies Centre
in August 2022
- Australia: Reserve Bank to trial its own digital currency as part of a CBDC research project looking at economic benefits and how a CBDC could maximise those benefits
- Australian Sports Technologies Network has released the Sports Innovation Report 2022, estimating the sports-tech sector’s value at near Au$3.1BN and employing over 10K individuals
- Australia: Startup Onramp Pre-Accelerator September cohort applications open – from idea to startup in 8 weeks, part-time
- Australia: THRIVE Australia Venture Fund launches agri-tech ecosystem, featuring accelerator, corporate innovation, programs and events, and annual Innovation and Investment Summit
- Australia:Hello Clever raises $4.5M seed funding with ‘buy-to-earn’ platform, giving shoppers real-time cashback rewards on purchases
AUKUS and Australia’s tech ecosystem / US Studies Centre
- Australia: Northern Territory Racing Commission considering crypto gambling regulation, aiming to ‘allow wagers to be placed in crypto with no fiat exchange required’
- ICYMI: Australian gov’t to intro legislation supporting a ‘market for biodiversity’, in which credits will be awarded to conservation projects that can prove measurable improvements to the environment
- KPMG Australia and Stone & Chalk partner for Future Technology Program, providing 5 founders and their teams with support, connections, mentoring and more, and 12 months at a Stone & Chalk hub
Australia: National Plan to Combat Cyber Crime 2022 (pdf)
in July 2022
- Australia: Critical infrastructure operators across 11 sectors must now report critical cyber breaches to the federal government within 12 hours
- Thailand’s Translucia partners Australia’s Two Bulls software firm to build Metaverse Research and Development Center in Melbourne, with initial budget of $100M
- Australia: Founders Institute’s ‘Pitch Your Startup Idea to Australia Investors & Experts Online’ event is set for July 12th – apply to pitch
- Australia: InternMatch secures Au$10M Series A, providing students and career changers with worldwide options on professional internships, training and mentoring
- Australia: “AUKUS presents a once-in-a-generation opportunity to bolster its science, technology and defence industry ecosystem…strengthen its foundations for sovereign capability in critical areas.”
- Australia: Intersekt 2022 conference from FinTech Australia is set for September 7-8 in Melbourne – registrations now open
- Australia: An intro to GoMicro, agri-tech startup with a $1 mobile microscope that aims to solve a $1 trillion food waste problem
- Australia: Telstra completes acquisition of Digicel Pacific in Au$2.4BN deal, in part a geopolitically-astute move to counter China’s influence activities in the region
- Reducing Australia’s Food Waste by half by 2030: “The cost of food waste to the Australian economy is $36.6 billion a year…”
- Australia: ACS Digital Pulse 2022 report is now available to download, looking at jobs and demand, IT education, IT sector wages and worker intentions and more
- Australia: An intro to the 10 climate-change focused startups selected for the EnergyLab 2022 Climate Solutions Accelerator
- Australia: Telstra and Microsoft sign 5-year strategic agreement to support Australia’s digital growth, looking at cloud and edge computing and more
- $2BN in new export opportunities now open for India’s MSMEs with MOU inked between MVIRDC World Trade Center Mumbai and India Australia Strategic Alliance
Indo-Pacific Strategy of the United States
ASIA’S tech news: OTHER EDITIONS
Our other editions go out on a variety of channels – Twitter, Facebook, LinkedIn, mobile app, e-newsletter and Medium.
Hit the links below to get today’s tech startup news from across Asia, and beyond, on your preferred platform.
- Mobile app: Startup News Asia mobile app
- On Facebook: Startup News Asia on Facebook
- On LinkedIn: Asia tech news on LinkedIn
- On Twitter: Wade K Wright / Asia’s tech news on Twitter
