With startup founders working an average of 64 hours a week and the majority drawing a smaller salary than in their previous role, 96 percent report feeling stressed.
Almost $850 million (US$630 million) of venture capital was invested in Australian startups in the 2017-18 financial year, a new record for the local ecosystem.
KPMG Australia, the Commonwealth Bank, and Microsoft have partnered to launch Wiise, a platform providing cloud-based business management software aimed at the small to medium enterprise (SME) market.
Northern NSW startup Nuonic has today announced it has received strategic investment from, and launched an alliance with, KPMG Australia.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
Alan Jones, advisor at BlueChilli and prolific angel investor, has joined KPMG Australia’s High Growth Ventures practice, taking up the role of Entrepreneur in Residence.
Smartpay is a payments company which offers its own open payments service API and physical EFTPOS devices to merchants and retailers.
The report from Committee for Sydney and KPMG found that the number of fintech companies in Australia has grown from fewer than 100 in 2014 to 579 today.
RMIT University has announced the launch of RMIT Activator City Hub, a new space to support the university members with innovative ideas and programs.
Pam is at heart a sign management application accessed through the cloud, specialised for design companies creating sign layouts for clients.
KPMG Australia’s High Growth Ventures practice has partnered with Taronga Ventures to develop opportunities for Taronga’s RealTech Venture Fund.
The government has announced funding of $151.5 million to develop four CRC’s dealing with food, agtech and transport for research and innovation.
KPMG will look to address the core needs of startups gearing up for growth, and “bring the rigour, expertise, and connections” of a global firm.
According to KPMG, 35 percent of online purchases made in Australia and New Zealand were imported, with 25 percent coming from North America and Europe.