IT Management > Funding

First Aussie venture capitalist joins Innovation Australia

19 November, 2015 by Dylan Bushell-Embling

Bill Ferris, regarded as the father of Australia's venture capitalist industry, has been appointed as the new chair of Innovation Australia.


Australia Post invests $20m in e-commerce

03 November, 2015

 Australia Post has announced it will invest around $20 million in emerging e-commerce businesses.


Australian IT spending to near $80bn in 2016

27 October, 2015 by Dylan Bushell-Embling

Gartner expects Australian IT spending to grow 2.8% next year, with average IT budgets increasing by 2.9%, as a result of spending on digital business and the connected world.


ISPs unhappy at data retention funding split

26 October, 2015

ISPs are concerned that government funding to compensate for the costs of implementing the Data Retention Act will be split over three years since they are already incurring costs to comply.


Sydney's White Bay to become innovation hub

23 October, 2015 by Dylan Bushell-Embling

NSW Premier Mike Baird aims to transform the decommissioned White Bay Power Station into a tech hub for innovators, start-ups, incubators and accelerators.


Atlassian said to plan $3bn IPO

28 September, 2015 by Dylan Bushell-Embling

Major Australian IT vendor Atlassian is reportedly planning a US IPO that could value the company at over $3 billion, while integrated telcos Vocus and M2 have shaken hands on a $3bn merger.


IT departments wasting thousands on redundant tech

16 September, 2015 by Dylan Bushell-Embling

Nearly half of IT decision-makers in Australia and New Zealand report that their organisation is wasting at least $10,000 per year on redundant technology, with 10% wasting over $100,000.


Westpac details tech-focused investment roadmap

07 September, 2015 by Dylan Bushell-Embling

Westpac will increase its annual investment spending by around $200m, with a special focus on technology spending, to stay abreast of the major changes taking place in the financial services industry.


Aussie businesses warming to digital B2B payments

26 August, 2015 by Dylan Bushell-Embling

Australian businesses are coming to recognise the benefits of card and other digital payments for B2B transactions, but adoption remains limited and paper processes are still ubiquitous.


Australian government IT spend hit $5.8bn in 2014

19 May, 2015 by Dylan Bushell-Embling

Australian government spending on ICT is set to grow from $5.8bn last year to $6.2bn in 2018, with growth driven by software, cloud and security investments.


Strong Budget for ICT after years of funding neglect

13 May, 2015 by Dylan Bushell-Embling

The federal government's 2015 Budget includes some substantial ICT investments, including $254.7m on the Digital Transformation Agenda, $153.8m on the data retention scheme and $485.1m on the MyHealth system.


Budget a step in the right direction: IT leaders

13 May, 2015 by Dylan Bushell-Embling

Experts from Australia's technology industry believe the 2015 federal Budget will help stimulate the sector but are calling for more initiatives to improve the economy and address the growing ICT skills gap.


Victorian public sector spending $3bn on ICT per year

21 April, 2015 by Dylan Bushell-Embling

ICT spending by the Victorian public sector has more than doubled since 2010 by some estimates, but agencies are failing to demonstrate value for money, a state audit shows.


Australian IT spend will grow 4.2% in 2015

14 April, 2015 by Dylan Bushell-Embling

Australian IT spending will increase 4.2% in local currencies this year, but a stronger US dollar will lead to declining revenues globally, according to Gartner.


Victoria's science supercomputing facility gets $6.6m boost

20 October, 2014

The Victorian Life Sciences Computation Initiative facility has been awarded $6.6m by the state government, ensuring its world-leading technology research stays in Victoria.


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