While the budget expanded tax incentives for venture capital funds, the concession built for Australia’s angel investors was left untouched for a tenth year. Now angels are pressing for a fix.
Startup funding
From exhibition halls to data centres, August Robotics is betting its robot platform can drill into the infrastructure boom. It’s latest backers agree.
Gilmour Space, Myriota and Quantum Brilliance are among the startups calling on the government to carve out priority industries from unexpected funding cuts detailed in the budget.
The Tesla chair conducted a sweeping review of Australia’s R&D incentives. But even she didn’t expect the change in last week’s budget that has blindsided the biotech and deep tech sectors.
Jim Chalmers has opened the door to negotiations with the startup sector over changes to CGT. The question now is who walks through it.
While alcohol dependence affects 1.4 million Australians, only a fraction of them receive treatment. Clean Slate Clinics aims to change that.
The $4 trillion chipmaker’s strategy of investing in its own customers has been highly criticised, including by a prophet of the global financial crisis. Now it has come to Australia.
Up to 80% of surgeries for women with suspected ovarian cancer turn out to be unnecessary. Proseek Bio wants to change that.
The longevity platform founded by former iflix CEO Mark Britt has closed its first VC round — backed, in large part, by its own members
