Technology, Innovation & Science

Startups face up to the competition

Tech innovators, investors and entrepreneurs descended on Perth during the past fortnight for a series of startup events that sparked wide-ranging discussions about how to strengthen the local ecosystem and compete on the world stage.

Lowe slams bitcoin but e-dollar could come

Reserve Bank of Australia governor Philip Lowe thinks bitcoin is mostly attractive to criminals and speculators but has acknowledged there could one day be an electronic Aussie dollar based on similar technology.

West Tech Fest names Sine winning startup

Curtin University’s West Tech Fest attracted tech innovators, investors and entrepreneurs from across the country to Perth last week, including Adelaide-based visitor management system Sine, which won the West Tech Startup Challenge.

Shark finder changes name for bigger bite

The Australian maker of a sonar-based shark detection system, which was recently adopted for trial in southern California, has dropped its toothy name as it chases bigger fish.

ASX to use blockchain technology

The ASX is set to adopt blockchain-based technology for its clearing and settlement process, after announcing today that it would replace the current Clearing House Electronic Subregister System.

Hackathons make the magic happen

Beyond their obvious value to the startup and tech sectors, hackathons are increasingly being used by big business to drive innovation.

Threat in east coast purchases

Perth-based Security services provider Threat Protect has expanded its customer base on the east coast with the $2.4 million purchase of two NSW security monitoring businesses.

Van Der Wielen recruits banker as Kyckr chair

Global regulatory technology play Kyckr has appointed Tesco Bank CEO Benny Higgins to replace HBF CEO John Van Der Wielen as chairman next year as the group revamps its board.

Tech next step for Jones post-Navitas

SPECIAL REPORT: Navitas boss Rod Jones talked to Business News about the next chapter for the $1.8 billion education provider he founded, and his hopes for the technology ventures he’s backing.

WA projects secure $4.8m in clean-energy funding

Three Western Australian projects with a focus on clean energy technology, including an artificial reef in Exmouth, will share in $4.8 million funding announced by National Energy Resources Australia today.

Empired flags modest revenue

IT services provider Empired has flagged modest results for the first half of the financial year due to a drop in public sector revenue in New Zealand.

RAC to trial driverless cars in Perth

RAC has announced that it will partner with French autonomous vehicle manufacturer Navya and the state government to trial driverless vehicles on Perth streets next year.

Perron Institute partners in Asia

Perron Institute has committed to strengthening international ties in Asia to expand its global reach, resources and research capacity.

ECU secures state innovation grant

Edith Cowan University is the first beneficiary of the state government’s much-touted innovation strategy, with $800,000 earmarked for a cyber security hub at Joondalup.

Creso in $17.5m placement and chocolate partnership

Medicinal cannabis company Creso Pharma will raise $17.5 million through a strongly supported share placement, while also announcing a partnership with Swiss chocolate firm Aeschbach Chocolatier to develop marijuana flavoured chocolates.

Telstra shares sink on NBN rollout delay

Telstra shares have sunk after NBN Co said it would temporarily suspend the National Broadband Network rollout to work on improving the quality of the service.

Cyber security concerns

Australian businesses are underprepared for serious data breaches due to a lack of investment and awareness of cyber security, Ernst and Young’s latest global information security survey has found.

Opportunity stems from diversity

Tech and science leaders say achieving a greater diversity of thought in their fields requires entry and senior roles be made more accessible to women.

Quantify in $5m raising

Perth company Quantify Technology Holdings has received firm commitments for a $5 million capital raising that will support increased development of the company’s technology.

Crowdfunding to float weight-loss balloon

The husband and a son of renowned burns surgeon Fiona Wood, Tony and Tom Kierath, are seeking to crowdfund $100,000 by mid-December to bring their swallowable weight-loss device, IG Balloon, to market.