Friday, October 16, 2026

Business

Firmus looks to cut share price by nearly 20% – an $8 billion haircut on its market cap – and may even pull the...

Aborting the mega-float is also on the table, with key investor Nvidia now central to its success. Both the AFRand The Australian reported news of the potential trim overnight, citing market sources close to the deal. The Australian’s Dataroom offered insight...

UBC Welcomes 26 Startups to Fall Venture Founder Cohort

From cancer diagnostics to financial planning for newcomers, 26 new ventures have joined Innovation UBC’s fall 2026 Venture Founder cohort. The 16-week program helps UBC students, faculty and staff turn research and business ideas into viable companies through venture validation,...

Applications for the first The Ventures Australian startup awards close October 9

Ten startups will be selected for the live final at AWS Sydney on October 22, with four winners across Best Product, Best AI Solution, Best Team and Best Traction. Organisers say the winners will be introduced to the program’s global...

The latest prototype of Australia’s $42 million 2030 Moon rover has been revealed

The land drone, part of an Australian-led NASA mission to the lunar South Pole in 2030, was revealed Queensland University of Technology’s Lunar Testbed and Space Lab today during World Space Week. The model is one of several being used...

The world’s smartest AI companies find Australian copyright a bit too hard to get their heads around

America’s largest artificial intelligence companies have been upfront about their desire to use Australian creative content for the training of models without having to abide by copyright rules.  Major tech companies were using the US as their base for training...

Vancouver Upstart Ready to Scale Model for Online Vehicle Purchasing

A Vancouver-based company that specializes in automotive financing this month unveiled a milestone. OCAL Financial announced this week that it has funded more than 1,250 vehicle deals across British Columbia and Alberta. The Canadian fintech firm, which trades on the TSXV...

Anthropic takes a sly dig at OpenAI before parliamentary inquiry

Anthropic, which owns Claude, fronted a federal grilling on AI which held hearings in Sydney on Tuesday. The testimony comes after it was revealed the San Francisco-based giant’s rival, OpenAI, had let one of its models hack a Medicare website...

CDC kills off its $73.3 billion data cente rollout deal with Firmus

Business media startup Rampart reports that CDC founder Greg Boorer told the podcast Rampart Talks his company was unlikely to build further data centres for Firmus. In a statement to Startup Daily, Firmus CEO Oliver Curtis said Firmus and CDC...

From Byproduct to Platform: How Tydra Labs Is Protecting Its Biomaterials Breakthrough

When the founders of Vancouver’s Tydra Labs began exploring how waste streams could become valuable new materials, chitin was not the original plan. The team initially intended to extract proteins from waste and turn them into fibres for textiles and...

SQC among 6 startups sharing $12.3 million in quantum grants

Sydney-based SQC scored the biggest slice, $3.6 million, to expand its partnership with Schneider Electric and UNSW, using quantum-enhanced artificial intelligence to improve energy forecasting and renewable electricity use. The UNSW spinout, founded by former Australian of the Year and...
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Snakes, and their ladders

It confirmed the worst suspicions of embittered Australian startup founders and small business owners. We are an afterthought. We...
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