The New Zealand government is seeking to attract more local and international investment in the nation's burgeoning technology sector with the publication of a new investment guide.
A constellation of nanosatellites will be launched by Fleet, after $5 million in Series A funding was provided for the venture.
The Queensland Government has provided $1.96 million in funding to renewable energy business Redback Technologies.
Canberra plans to take a more hands-on role in driving smart city projects from their inception, which means no longer acting as an ATM for state governments, according to Minister Taylor.
Total investment in Australia's FinTech sector surged from US$185m in 2015 to a record US$656 million in 2016, despite a significant global decline in FinTech investments, according to KPMG.
An additional $4.9 million will be provided by LaunchVic for the Victorian start-up sector.
A $200 million CSIRO Innovation Fund will commercialise early-stage innovations from CSIRO, universities and other publicly -funded research bodies.
Microsoft will continue to provide grants to those organisations that work to improve affordable internet access to underserved markets.
Investorist, a Melbourne-based B2B property marketplace founded by Jon Ellis, has completed a $3.3m funding round to further its international expansion goals.
More than four in 10 Australian corporate treasurers have invested or are exploring opportunities to invest in FinTech, research suggests.
The majority of Australian IT budgets are now being spent on transformation and innovation rather than merely keeping the lights on, Telsyte research indicates.
Tyro Payments will award up to ten $25,000 grants as part of a plan to crowdsource ideas for SMEs to improve efficiency in their business banking processes.
The government has finally established a $128.4m grants program to co-fund the implementation of the data retention scheme, but the industry has complained of delays and underfunding.
Gartner forecasts that the Australian IT market will grow 2.8% in 2016 to $83.3 billion, with software the fastest-growing category.
The majority of Australian CIOs report being at least moderately impacted by ageing or disparate technology, and just over half report being challenged by budget restraint.