ANZ Bank restructure to create '150 start-ups' A restructure of ANZ Bank's Australian arm aims to leave the division with 150 teams that will look more like start-ups than traditional parts of a large-scale bank, says an executive running the process.
Christian Venter, general manager of technology and digital banking, also signalled the bank expected staff cuts as a result of the changes, which were kicked off earlier this year in an attempt to make ANZ more flexible in responding to technology-based rivals. This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.
Beginning of dialog window. Escape will cancel and close the window. End of dialog window. ASX winners and losers - a snapshot ANZ Bank first half profit ANZ Bank's profit increased 23 per cent in first half to $3.4 billion. Menulog co-founder launches new startup FoodByUs with $2 million in funding to bring the sharing economy to home cooking - StartupSmart. The co-founder of Menulog and two experienced Australian entrepreneurs have teamed up to launch a new startup after receiving $2 million in funding to develop the idea.
FoodByUs is a sharing economy platform connecting home cooks with members of the community – think Foodora or Deliveroo but with your neighbour cooking the food instead of a restaurant. The FoodByUs platform allows vetted home cooks to list their food on a platform, with users then selected what they want and either collecting it or getting it delivered. The startup takes a 20% cut from every transaction made on the platform. Combining the sharing economy and home cooking The Sydney-based startup is the brainchild of Menulog co-founder Gary Munitz, former Menulog lead developer Tim Chandler and Flipsters co-founder Ben Lipschitz. High-tech transport: Australia's travel and ride-sharing apps.
Uber finally looks set to get the green light in more Australian cities, but it isn't the only transport app in town.
Australians are quick to jump behind the wheel when we need to go somewhere, but new technology has brought with it new ways to get around town. Untamed urban sprawl has made us very dependent on our cars – not helped by government policies which favour building roads over investing in public transport, as well as spiralling house prices pushing us further from the city. The great Australian dream typically includes at least two cars in the driveway, but we also love embracing new technology. How a new business model helped this startup raise $1 million - StartupSmart. A Melbourne crowdfunding platform for socially conscious projects has raised more than $1 million in seed funding after incorporating a new legal structure into its business model.
Since launching in 2013, Chuffed has facilitated more than $7 million in donations for social projects on its platform, CEO Prashan Paramanathan says. “What we’re trying to do is transform how fundraising gets done, from being annoying people on the street to an engaging experience that people actually want to be part of,” Paramanathan tells StartupSmart. But this is where the charity model hit its limits, he says. Is the on-demand economy dying? I'm not going to say that SpoonRocket's food deserved to win any awards, but it got to me fast.
For the last three years, the Berkeley, California-based startup delivered a rotating selection of carb-heavy comfort foods to your door in under 15 minutes. That speed couldn't save it. The company on Tuesday said it's closing up shop. Startup with $17 million in funding collapses: Four lessons for your business - StartupSmart. Earlier this week a US-based on-demand delivery service startup that had secured $US13.5 million in funding shut down suddenly.
SpoonRocket announced on its blog that due to an increasingly competitive market and an inability to raise the necessary funds to keep afloat, it would be closing operations immediately. The rise of restaurant delivery platforms: Should your business get on board? - SmartCompany. The days of patrons walking down to their local restaurant to pick up a takeaway order could soon be a thing of the past thanks to the increasing popularity of on-demand food delivery services.
Late last year, global food delivery service Deliveroo muscled into the Australian market with millions of dollars in new funding to join the ranks of existing operators including Menulog and Suppertime. All these companies allow customers to purchase meals online and have them delivered to their door, all within a few clicks. Technology giant Uber is also eyeing off a slice of the market, with its food delivery service UberEATS launching in Melbourne in the next few weeks. Renaissance Florence Was a Better Model for Innovation than Silicon Valley Is. Urban planners the world over yearn to replicate the success of Silicon Valley: witness Thames Valley (England) and Silicon Oasis (Dubai), to name just two of these attempts.
Invariably, these well-intentioned efforts fail for the simple reason that they’re trying to replicate the wrong model. Silicon Valley is too new, too now, to glean lessons from. Those hoping to launch the world’s next great innovation hub would be better off looking to an older, even more remarkable genius cluster: Renaissance Florence.
The Italian city-state produced an explosion of great art and brilliant ideas, the likes of which the world has not seen before or since. This hothouse of innovation offers lessons as relevant and valuable today as they were 500 years ago. Talent needs patronage. Sharing economy lands at Sydney and Brisbane airports with DriveMyCar. In a move that will drive the sharing economy further into the mainstream, car rental industry disruptor DriveMyCar has today announced the expansion of its service to Sydney and Brisbane international airports.
Since 2010, DriveMyCar, the nation’s largest peer-to-peer car rental platform has allowed users to rent personal cars from other users. The new service will allow local and international travellers to pick up and drop off cars at a convenient location without having to pay the airport premium charged by traditional car rental companies such as Avis, Thrifty and Europcar, to name a few. Idea & Innovation Management Software. A future path for Foxtel. BY ON 4 November 2015 506 views 5 min read Samuel Tait discusses the state of the television industry and suggests a future path for disrupted pay TV giant Foxtel.
“When attractive profits disappear at one stage in the value chain because a product becomes modular and commoditized, the opportunity to earn attractive profits with proprietary products will usually emerge at an adjacent stage. That is, the location in the value chain where attractive profits can be earned shifts in a predictable way over time.”– ‘The law of conservation of attractive profits’, Clayton Christensen, The Innovator’s Solution We are seeing a breakdown of the traditional pay TV value chain due to evolving market dynamics.
The current business model is unsustainable due to increased competition, disintermediation and changing viewing behaviours. Evolving market dynamics It should be noted a shining light within Foxtel’s content model is its access to Fox Sports. Untitled. FST Media: What is your vision for The Garage, in terms of helping Westpac think and act like a startup? Gray: Westpac is Australia’s first company and we are 200 years old in 2017. Theconversation. Senior entrepreneurs are Australia’s fastest-growing segment of entrepreneurs, despite facing significant barriers including ageism and a lack of financial support, according to new research from the Swinburne University of Technology and Queensland University of Technology. The research, funded by National Seniors Australia, studied more than 400 seniors through interviews, focus groups and online surveys.
Key findings include: 34% of all young firms in Australia are now led by seniorpreneursThe average age of seniorpreneurs is 57Seniorpreneurs work about five fewer hours than younger entrepreneurs each week and have almost double the industry experience. Hardware As A Service: Tile Finds A Way To Keep Making Money. Tile cofounder and CEO Mike Farley sat down with me Tuesday afternoon at our e2e Conference to talk about hardware innovation. He had a lot to say—since the company's record-setting crowdfunding campaign for a $25 Bluetooth fob that you can attach to anything you want to find, the company has shipped 2 million units.
People put them on smartphones, wallets, umbrellas—even dogs. The most interesting news Farley revealed in our conversation, though, was the rollout of Tile's ReTile program. Michael Rosenbaum explores the potential of space. Spacer, the latest venture from Deals Direct co-founder Michael Rosenbaum, has launched, with $1 million of funding from angel investors. Growth - Sharing economy only just getting going, says Airtasker’s Tim Fung. Australia will soon see a much more diverse and expansive sharing economy as more people begin to embrace two-way marketplaces, Airtasker CEO Tim Fung says. The sharing economy, championed by the likes of startup giants Uber and Airbnb, will soon hit the mainstream, he says. Leadership - Implanted mobile phones and 3D printed cars: Report forecasts tech tipping points. In the very near future there will only be two types of companies: software companies, and those that don’t know they’re a software company yet, according to Sendle CEO James Moody.
“Don’t let the rich, famous bozos drag you down”: Guy Kawasaki’s 13 top tips for business success. As an investor and former “chief evangelist” for Apple, Guy Kawasaki knows a thing or two about what it takes to build a successful company. Speaking at the Wired for Wonder event in Melbourne last month, Kawasaki said entrepreneurs must focus on getting the nuts and bolts right before trying to build a multi-billion dollar company. Why major brands and startups are joining the ‘collaborative economy’: Q&A with Rachel Botsman. BY ON 26 August 2015 307 views 4 min read. The 3 angles of disruption. Instead of giving in to fear and dread, writes Scott Thomson, leading companies embrace and sponsor disruption, whether it comes from above, below… or within. Growth - What does the future hold for the “sharing economy”? The sharing economy could bring about the end of capitalism: that’s the provocative claim made by economic journalist Paul Mason, among others.
How to start a... - The SaaS Fundraising Death Zone. Infographic: The Circular Economy. Where's disruption heading next? We asked 5 entrepreneurial minds for their top examples. Simon Dell, managing director, TwoCents Group. Top 10 movers & shakers in Australian crowdsourcing. Read related articles about crowdsourcing in Business Review Australia. How to start a... - How to choose a crowdfunding platform. With the explosive growth in crowdfunding, we’ve seen a lot of different crowdfunding platforms popping up, each looking for their cut of the $30 billion that will be raised in this year. As crowdfunding has matured, each of these platforms has become well known for a certain type of crowdfunding: Kickstarter means gadgets, Pozible supports (Australian) artists, Experiment funds peer-reviewed science, etc.
What Google Got Right With Its Carpooling Service - ReadWrite. Why The Next Sports Empire Will Be Built On eSports: A REDEF ORIGINAL. How shared economies are disrupting consumption patterns. All go for ingogo’s mobile app after $9m funding. Sharing the misery: 2014 was a rough year for Uber, Airbnb, and on-demand apps.
Your Brain is the Barrier to Customer Experience Innovation. How innovation labs are helping organisations think like startups. Why we need design thinking. The only technique to learn something new. 4 Must-Read Presentations to Help You Excel as an Innovator. Insights on innovation with Schweppes’ Ellie Vince. Diverse applications of design thinking across businesses. The Tesla battery heralds the beginning of the end for fossil fuels. A smart move. PwC STEM report April 2015. Can the market for design be redesigned?
Peer-to-peer car rental company DriveMyCar rebrands for growth. What did Billion Dollar Companies Look Like at the Series A? Australian launch in the offing for Lyft, according to executive from partner app Moovit. Is the ‘shut-in’ economy taking off in Australia? Technology startups collect billions of dollars and sit on the sidelines. The Evolution Of Steve Jobs. 'Dead unicorns': Silicon Valley bubble burst draws near, warns investor at SXSW. Friendster: The Trials and Errors of a Silicon Valley Visionary. Four US services that would go gangbusters in Australia. Econsultancy. Uber Job Ad Reveals Company Mindset. Stone and Chalk opens with hopes to accelerate fintech growth in Australia. Sundar Pichai: Here's How You Ought To Think About Google - ReadWrite.
Self Storage in Sydney the easy way. Skybid - How It Works. Founder of booking app goCatch calls for deregulation of NSW taxi industry. Welcome to Forbes. Uber Trials Fast Food Delivery Service 'UberFRESH' Uber-trouble for Cabcharge investors as technology takes over. 9 Startups That Made Life Better In 2014. Heads Up! This Startup Thinks It Can Solve The Distracted Driving Problem. 5 Startups That Could Shake Up Money, Shopping And More In 2015 - ReadWrite. Uber promises 50,000 new European jobs. Uber Makes Nice With Cities, Offering Them Ride Data For Traffic Planning. Is cab app just an Uber cartel? 15 Signs That It’s Time to Start Really Expanding Your Startup.
Nine TED talks every entrepreneur should watch. Your Brain is the Barrier to Customer Experience Innovation.