World’s top 40 startup ecosystems: Here’s where Sydney and Melbourne rank in 2025
Sydney’s startup ecosystem is valued at $55 billion in the 2025 Global Startup Ecosystem Rankings. Melbourne is a third of that, at $18 billion.
Shivaune Field
Journalist
Amber Electric secures $45m raise as Australia’s home battery market surges
Australia’s largest residential battery automation product already captures 40% of the growing domestic market. Amber is also looking to provide wholesale energy pricing efficiency in the UK and Europe.
2,450 Australians have a net worth of $46m+ – but a generational shift is looming
Capgemini’s annual report reveals Australia’s richest collectively own 3.3 per cent more than last year, and projects 22 per cent of it will be transferred to beneficiaries in 5 years.
Refilled saves 450k plastic bottles from Aus landfill, expands to Singapore
Founded in 2022 with a mission to ‘unbottle the Australian drinks industry,’ Sydney-headquartered Refilled is expanding its scope into Asia.
Nine social impact entrepreneurs honoured at Cartier Women’s Initiative in Osaka
Cartier is getting behind social impact entrepreneurs for the 20th year and encouraging founders in Australia and NZ to apply.
Airwallex lands $465m series F and a decacorn title
The latest fundraising round values the company at AUD$9.6 billion, and is the first time Blackbird is included in the cap table. It has now raised more than a billion dollars in VC capital, and is on track to hit a billion in annual revenue this year. Melbourne-founded decacorn Airwallex has closed its Series F […]
Reserve Bank cuts cash rate to 3.85%
Mortgages and some cost-of-living expenses are set to ease slightly, after a long-awaited interest rate cut. “At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent,” an RBA statement reads. The RBA decision today was based on moderating Inflation and an uncertain economic outlook. “The Board judged […]
US and Ukraine troops deploying Australian defence innovation
Kord’s ‘centralised point of control’ allows soldiers to easily operate complex body and weapon-worn electronic devices. It was developed with the Australian Army and is now being used on the Ukrainian battlefield. The Rifle Accessory Control Unit (RACU) is ‘push-button control technology’ that enhances a soldier’s lethality and situational awareness, according to Kord. It gives […]
Ley takes the lead: A new direction for Liberal party after crushing loss in federal election
Sussan Ley has been announced as the new leader of the opposition party, taking the top job from Peter Dutton. She is the first woman to hold the leadership role. Australia’s conservative opposition has a new leader at the helm. Former deputy Sussan Ley has taken the reins of the Liberal Party, marking a significant […]
Canva expands platform to integrate AI coding and smart sheets
Canva has moved beyond pretty pictures to pull the threads of AI together into an easy-to-navigate, user-friendly platform for creativity.