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$394m awarded for innovative Australian research

The Rudd Government yesterday awarded total funding of over $394 million for 1,145 Australian research projects.

Online events startup takes top honours in 2009 RMIT Business Plan Competition

Online events startup ourevent.info has taken out top honours at RMIT University's prestigious 2009 Business Plan Competition.

Who really benefits from the Rudd Government’s new Commercialisation Australia program?

The news yesterday that the Federal Government has unveiled details of its $196 million Commercialisation Australia (CA) initiative has been welcomed by many entrepreneurs and innovation consultants. These same intended beneficiaries might also be forgiven for wondering whether it is an improvement on the $1 billion Commercial Ready Scheme it is designed to replace.

Who really benefits from the Rudd Government's new Commercialisation Australia program?

The news yesterday that the Federal Government has unveiled details of its $196 million Commercialisation Australia (CA) initiative has been welcomed by many entrepreneurs and innovation consultants. These same intended beneficiaries might also be forgiven for wondering whether it is an improvement on the $1 billion Commercial Ready Scheme it is designed to replace.

Diary of an entrepreneur raising capital: Love and money

Oodles.com founder Steve Sherlock has set himself the goal of raising a multimillion dollar Series A funding round by the end of January 2010. He plans to document his trials and tribulations and seek feedback from readers on AnthillOnline.com. This is his first post in the series.

What this inventor wants from investors

In August, we decided to explore the many facets of capital raising - from angel investment and grants to venture capital and private equity. For want of a better name, we called the exercise Anthill’s Venture Capital month. The theme tossed up plenty of investment advice and discussion. But it also triggered some strong reactions from Australian inventors who think that the investment culture in Australia needs a dramatic overhaul. Trevor Rose was among the most ardent, so we invited him to provide a 'right of reply'.

New tool for innovators looking for grants

Design Victoria today launched Transform Your Design Business, an online guide that aims to equip designers with the know-how to successfully navigate the grants space and write strong grant applications.

Business expenditure on R&D has jumped by 15 per cent

Business expenditure on research and development (BERD) has jumped by 15 per cent, reaching $14,380 million in 2007-08, according to statistics released by the Australian Bureau of Statistics on Friday.

Business expenditure on R&D has jumped by 15 per cent

Business expenditure on research and development (BERD) has jumped by 15 per cent, reaching $14,380 million in 2007-08, according to statistics released by the Australian Bureau of Statistics on Friday.

Tasmanian innovator Travellr raises growth capital from World Nomad Group

Later in the evening, perhaps after a second or third round of cocktails (all the pubs were closed), Cummings shared his views that raising capital is a time consuming process and that, in particular, he would be seeking a strategic partner. That's why I was particularly pleased to receive news yesterday that Travellr.com has secured growth capital from none other than the travel insurance and travel services company The Worlds Normad Group.

Federal R&D Tax Credit Bill passes, more changes to come

The passage last Thursday of the Tax Laws Amendment Bill (2009 Measures no 4) represents the Rudd Government's first significant milestone on the road to delivering a more streamlined R&D Tax Credit for innovative Australian businesses.

Federal R&D Tax Credit Bill passes, more changes to come

The passage last Thursday of the Tax Laws Amendment Bill (2009 Measures no 4) represents the Rudd Government's first significant milestone on the road to delivering a more streamlined R&D Tax Credit for innovative Australian businesses.

Is raising capital from your customers a smart move?

While most new technology developers will spend months chasing down angel investors and cold calling VCs, often with the randomness of a headless chook, without too much planning or forethought (much to the potential investor's frustration), sometimes the safest money is already right under their noses. It's called 'strategic capital' or 'smart money' (or a mix of the two).

Small Business Support Line workers trained by beyondblue?

Today, the Australian Federal Minister for Small Business, Dr Craig Emerson, officially launched a free phone service that will provide advice and support for people running and working in small businesses.

Australia desperately needs a virtuous cycle of innovation

It says much about the schismatic nature of Australia's economic strategy that the Federal Government invited public submissions on how to build a clever country in the same week that it signed a $50B gas export contract with China. Jordan Green outlines his vision for Australia's knowledge economy.

INNOVIC to be restructured

Sad news this week that INNOVIC, the support organisation for innovative Victorian startups, will be restructured due to lack of government funding.

Playford Capital raises $12M in crisis year

In further evidence that there is investment capital available for innovative Australian companies in this bear economy, Adelaide-based seed investor Playford Capital succeeded in generating more than $12 million in innovation investment during the 2008-09 financial year.

How should the CCI deliver funding to startups and research organisations?

A little over one week ago, the Federal Minister for Innovation, Industry, Science and Research, Senator Kim Carr, issued a call for public comment to help inform the development and operation of the Commonwealth Commercialisation Institute. Over the past seven days, we have been pressing our readers to get involved and provide a 'private sector' perspective (after making the seemingly unpopular suggestion that commercialisation in Australia has been hijacked by public servants with MBAs). Today, we're turning our attention to the last section of SmartForm, which requests suggestions for the delivery of funding.

At last, a Federal grant for IT

The Federal Government has just launched a new grant for third party service providers to help small and home based businesses with: • ‘free or low cost’ IT skills development • training and mentoring services • improved web presence and e-business capability Funding is available up to $500,000.

CSIRO-developed hybrid battery secures US$32.5M, but who profits?

So while this $US32.5 million US Government funding for UltraBattery is certainly a tremendous validation for the technology and the CSIRO researchers who developed it, the international licensing option pursued means that Australia will, in all likelihood, only receive couch change from what stands to be an extremely lucrative venture for the foreign companies (Furukawa Battery Company and East Penn) that are actually doing the commercialisation.

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New Zealand’s Xero eyes US IPO, further disruption as subscribers increase...

Xero recently held its annual meeting in Wellington, during which the company revealed some interesting details about its future. As has been widely suspected, the...

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