Cultured meat trailblazer Vow raises US $6m of fresh funding

Vow co-founders Tim Noakesmith and George Peppou

Aiming to not just outperform meat but replace it, Australian cultured meat company, Vow, has banked US$6 million of fresh funding. In 2019, Vow became the world’s first company to make a food product from the cells of an undomesticated animal, instead of the animal itself.  The company has since grown its library to 11… Continue reading Cultured meat trailblazer Vow raises US $6m of fresh funding

Top SME opportunities and challenges for 2021

Unsurprisingly, the top four challenges and top three opportunities facing SMEs in the coming year are a result of COVID-19 related financial pressures, according to the latest ScotPac SME Growth Index research. When asked what they are most positive about for 2021, the most common response was getting “back in the black” (24%), and the… Continue reading Top SME opportunities and challenges for 2021

Show me the money: Sensis survey reveals the most popular finance sources for business

Sensis CEO John Allan

More than one in five (22 per cent) of Australians businesses would use their credit card if they needed additional finance. A further 31 per cent would dip into their savings, while 21 per cent would look at a bank loan and 14 per cent access an overdraft.  This snapshot into borrowing habits has been… Continue reading Show me the money: Sensis survey reveals the most popular finance sources for business

How to start a business from scratch

Taking the leap of faith to establish a small business can be incredibly daunting. By no means an easy task, the myriad of formal loops to jump through, combined with business plans, prospective employees and the like, can be overwhelming. There are currently 2.25 million small businesses in Australia with that number growing each year.… Continue reading How to start a business from scratch

National research reveals SMEs’ top five funding frustrations

Around 9 out of 10 Australian SMEs are frustrated about their business funding, naming onerous loan conditions, having to provide property security and a lack of flexibility as their major concerns. These are the findings of the latest SME Growth Index, conducted independently by banking market analysts East & Partners, on behalf of national working capital… Continue reading National research reveals SMEs’ top five funding frustrations

Advice for young wanna-be entrepreneurs from Peta Shulman

When Peta Shulam was only 25 when she came up with the simple concept of sampling health foods. Her passion for finding these products led to her creating the largest health food sampling service in Australia, GoodnessMe Box, where for just $25 her clients can sample 7-10 full sized products, allowing those products to be… Continue reading Advice for young wanna-be entrepreneurs from Peta Shulman

Skalata Ventures’ Seed Investment Program open for start-up applications

Skalata Ventures is seeking applications from early-stage businesses with proven traction to join its seed investment program. The six-month program, customised for each company, will offer operational support and up to $250,000 in funding to early-stage businesses to become significant and sustainable. Backed by noted business leaders Paul Little and Carol Schwartz, the seed investment… Continue reading Skalata Ventures’ Seed Investment Program open for start-up applications

Banks rejecting SMEs for finance

The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs rejected by a bank, one in three have turned to family/friends or a credit card for funding Of those SMEs that… Continue reading Banks rejecting SMEs for finance

Crowdfunding tips from Audeara headphones founder

Dr James Fielding founded Audeara Headphones in 2014 with Dr Chris Jeffrey – two doctors who saw patients with hearing issues and decided to act to solve a problem. In the public system, the wait for an appointment could be six months or longer – and then people could be turned away because they didn’t… Continue reading Crowdfunding tips from Audeara headphones founder