The concept of non-fungible-tokens (NFTs) and their potential value was difficult for many people to get their heads around. It turns out the global scepticism was warranted. A new study has found 95% of NFT collections are worthless. When it comes to cryptocurrency, NFTs have been dubbed the rising stars of the growing market over […]
New Zealand-based CarbonScape is set to commercialise the production of biographite – a new, cleaner graphite alternative for lithium-ion batteries. CarbonScape, which began developing its clean graphite alternative, biographite, in 2016, recently banked $18 million in an investment round led by Europe’s largest supplier of wooden construction material, Store Enso, to commercialise its materials throughout […]
Victoria has just passed a 7.5% levy on short-term rental accommodation. After New York’s Local Law 18 came into effect in early September, is Airbnb on a collision course? Short-term rental platform Airbnb came out of the famous startup incubator, the Y Combinator, in 2009 with about 2,500 listings and 10,000 registered users. Today, Search […]
Australia is suffering from a mental health crisis. Suicide and self-harm are increasing, and some are linking it to technology. Meanwhile, in Bhutan, there is a nuanced vision for creating happiness but also, a push to digitalise. It is also seeing a serious brain drain. Where are they going? To Australia. Forbes Australia’s Stewart Hawkins […]
Melbourne biotech startup ENA Respiratory has demonstrated how its flu-and-Covid fighting nasal spray had stimulated a host of immune-related genes in its trial on 123 human subjects, it announced Monday. But it’s pivoting to a new formulation. ENA Respiratory spun out of the University of Melbourne in 2015 but came of age in the depths […]
Josh Simons’ family is the stuff of music legend. His grandfather was an early partner in Leeds Publishing, which went on to become what’s today known as Universal Music Publishing Group. Today, Simons is at the helm of Australia’s only ASX-listed music business, Jaxsta. With an acquisition and launch under its belt and a cash […]
Dubbed the “origami of death”, Melbourne-made flatpack drones assembled with glue and rubber bands have been hitting targets inside Russia since June, most recently destroying US$100 million worth of aircraft. Family-owned Australian company SYPAQ Systems has been sending 100 cardboard drones a month to Ukraine for the last year. Designed to carry more benign payloads, […]
Melbourne biotech Aravax is in the middle of peanut allergy drug trials which, if successful, promise to open up an estimated US$4-billion global market. In a Nutshell It takes courage to tackle peanut allergy. In the 1990s, a child died during a clinical trial after an injection of peanut extract. It was a dosing error, […]
The first episode of Shark Tank proves that a good idea that solves a common problem, combined with a healthy dose of sheer determination is sometimes all it takes to start a fast-growth company. Key Takeaways Skincare entrepreneur Davey Rooney was the first entrepreneur to face a new panel of judges on the latest season […]
Tennis Australia has revealed its AO Startups incubator has accepted its mid-year intake. Among the seven global start-ups accepted into the program is one Australian business, digital wayfinder PAM. Forbes Australia meets the founder. Tennis Australia’s start-up incubator, AO StartUps, has announced its mid-year intake, with the start-ups accepted set to pilot their technologies during […]