COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast further double-digit growth for FY18 as it rolls out a range of new products.

The world's biggest hearing implant maker grew its sales revenue by seven per cent to $1.2 billion, while earnings before interest and tax rose 20 per ...

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THE SOLAR POWERED DRONE THAT COULD FLY INDEFINITELY

THE SOLAR POWERED DRONE THAT COULD FLY INDEFINITELY

AN Australian company is in the process of developing a completely solar powered drone that might be capable of indefinite flight and has secured government funding for its revolutionary project. Praxis Aeronautics, based in Adelaide, has developed a prototype in which solar cells can be encapsulated into a composite material, such as the...

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THE FLYING SELFIE CAMERA THAT'S ABOUT TO HIT AUSTRALIAN STORES

THE FLYING SELFIE CAMERA THAT'S ABOUT TO HIT AUSTRALIAN STORES

THE evolution of the humble self-portrait has undergone a rapid transformation, first with the rise of the smart phone and then the addition of the selfie stick. It's an obsession that shows no sign of waning, and now selfie-taking is about to take on a new evolution in the form of the AirSelfie. The AirSelfie is a portable, pocke...

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NEXTDC RAMPS UP ITS TAKEOVER OFFER OF ASIA PACIFIC DATA CENTRE

NEXTDC RAMPS UP ITS TAKEOVER OFFER OF ASIA PACIFIC DATA CENTRE

NEXTDC Limited (ASX: NXT) has increased its takeover offer for listed data infrastructure group Asia Pacific Data Centre Group (ASX: AJD) from $1.85 per share to $1.87. The move follows last week's announcement that NEXTDC would enter a bidding war with competitor 360 Capital Group (ASX: TGP) to takeover APDC. The takeover bid sti...

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THE AUSTRALIAN STARTUP THAT TAPPED IBM WATSON FOR ITS TECH-DRIVEN VOD SERVICE

THE AUSTRALIAN STARTUP THAT TAPPED IBM WATSON FOR ITS TECH-DRIVEN VOD SERVICE

VIDEO on demand technology startup Oovvuu has teamed up with IBM to launch a news platform powered by its AI product, Watson, which is designed to connect viewers to the most relevant video and news content.

The US multinational technology company is in Australia and staging its Watson Summit Australia events in Sydney and Melbourne to s...

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THE CYBER SECURITY FIRM THAT HAS MELBOURNE AND SYDNEY BATTLING FOR ITS BUSINESS

THE CYBER SECURITY FIRM THAT HAS MELBOURNE AND SYDNEY BATTLING FOR ITS BUSINESS

ISRAELI cyber security firm Votiro will decide where to set up shop in Australia in the next few weeks, with both Melbourne and Sydney fiercely bidding for the group's business. There's good reason for the competition as Votiro is one of the fastest growing cyber security firms in the world and where they decide to settle could qu...

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THE MELBOURNE ACCELERATOR PROGRAM BUILDING THE FUTURE OF CYBER SECURITY STARTUPS

THE MELBOURNE ACCELERATOR PROGRAM BUILDING THE FUTURE OF CYBER SECURITY STARTUPS

IN the wake of the WannaCry ransomware attack, companies are more often considering how personal data is protected. It appears no business is too big to avoid the threat of ransomware, as global companies including Disney and Sony have reported cybersecurity breaches which have resulted in heavy financial losses. In response to this growi...

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AFTERPAY AND TOUCHCORP MERGER IS NOW COMPLETE

AFTERPAY AND TOUCHCORP MERGER IS NOW COMPLETE

THE anticipated merger of Afterpay and Touchcorp is now complete and effective from 6 July 2017. The two companies have joined forces to create a new group called Afterpay Touch Group (ASX: APT). The company will now enter a transition period where new appointments to the main management team will take place, as well as the integratio...

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HOW THIS START-UP WENT FROM CROWDFUNDING TO AMERICAN RETAIL

HOW THIS START-UP WENT FROM CROWDFUNDING TO AMERICAN RETAIL

AUSTRALIAN internet device start-up, KoalaSafe, is making waves in the United States after the group signed an agreement to be stocked in 250 American Target retail stores. "It all began as an idea back in 2014 after my nephew got an iPad for Christmas and was spending all his time playing Minecraft," says Steven Pack, who co-fo...

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SOUTH AUSTRALIAN START UP BUILDING SOFTWARE TO IMPROVE FARM SAFETY

SOUTH AUSTRALIAN START UP BUILDING SOFTWARE TO IMPROVE FARM SAFETY

A SOUTH Australian start up has received nearly $500,000 to build new software to reduce the incidence workplace deaths and injuries on farms. Safe Ag Systems has been approved to receive $498,000 in staged funding through the South Australian Early Commercialisation Fund, making it the largest grantee since the program was introduced in ...

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ONLINE HOME LOAN PLATFORM LAUNCHED IN ADELAIDE PROMISING 200 NEW JOBS

ONLINE HOME LOAN PLATFORM LAUNCHED IN ADELAIDE PROMISING 200 NEW JOBS

SOUTH Australian based fintech company Tic: Toc is on a mission to disrupt the home loan industry by developing its new online platform. In partnership with the South Australian government and Bendigo Adelaide Bank, Tic: Toc is aiming to create what they say will be the "world's first" online home loan platform which can off...

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AI START-UP TO APPLY ITS TECH TO IMPROVE IVF OUTCOMES

AI START-UP TO APPLY ITS TECH TO IMPROVE IVF OUTCOMES

START-UP Life Whisperer will partner with the Monash IVF Group (ASX: MVF) and its subsidiary Repromed to apply its artificial intelligence tech in the selection of healthy embryos.

The agreement will give Life Whisperer access to thousands of images and embryologist expertise to apply Life Whisperer's AI-driven technology for non-inv...

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TELCO VOCUS ALLOWS PRIVATE EQUITY FIRM KKR TO LOOK THROUGH ITS BOOKS

TELCO VOCUS ALLOWS PRIVATE EQUITY FIRM KKR TO LOOK THROUGH ITS BOOKS

LISTED communications company, Vocus Group (ASX: VOC), has agreed to open its books to US private equity firm Kohlberg Kravis Roberts (KKR) to evaluate a $2.28 billion takeover bid.

Vocus has given the firm access to its books following KKR's non-binding proposal to acquire 100 per cent of the shares in Vocus.

The takeover propo...

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BARTERCARD TAPS INTO FRENCH MARKET

BARTERCARD TAPS INTO FRENCH MARKET

BARTERCARD has taken its first steps into the French market as its listed parent BPS Technology (ASX: BPS) expands its European offering.

The new Bartercard licensee in France marks the second one in Europe after BPS launched Bartercard last year.

Marc-William Attie, who is set to lead the new marketplace, is the owner of Business Network ...

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SA GOVERNMENT APPOINTS ESCAPENET TO DELIVER ULTRA HIGH-SPEED INTERNET

SA GOVERNMENT APPOINTS ESCAPENET TO DELIVER ULTRA HIGH-SPEED INTERNET

THE South Australian government has appointed Adelaide business EscapeNet to deliver a $7.6 million ultra high-speed internet network which is aimed at covering the city's corporate needs. EscapeNet will deliver gigabit-speed internet services via the South Australian Broadband Research and Education Network (SABRENet) fibre optic net...

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MEGAPORT TARGETS GLOBAL EXPANSION WITH $27.8M CAPITAL RAISING

MEGAPORT TARGETS GLOBAL EXPANSION WITH $27.8M CAPITAL RAISING

MEGAPORT Limited (ASX: MP1) will complete a $27.8 million capital raising to assist in expanding the group's platform internationally.

The Brisbane based connectivity company will use the injection of capital to fund North American and European network-related capital expenditures, operating costs, and to develop new products.

Megaport...

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THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers and a trio of doctors has landed a $500,000 investment for a 10 per cent stake in their new business.

Their aim is to take CancerAid and turn it into a global enterprise and they now have a chance to achieve that after secur...

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THE 'REJECT' WHO BUILT A GLOBAL BUSINESS AFTER BEING FIRED

THE 'REJECT' WHO BUILT A GLOBAL BUSINESS AFTER BEING FIRED

TEN years ago, Carl Krumins was fired from his job sweeping floors at the Reject Shop and was faced with two potential options: stay unemployed or start a business.

With a background in technology developed from a young age, deconstructing and reconstructing computers, Krumins decided to work for himself.

After taking out a $10,000 loan Kr...

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GO FETCH HITS BRISBANE WITH ITS PEER TO PEER 'FETCHER' MODEL

GO FETCH HITS BRISBANE WITH ITS PEER TO PEER 'FETCHER' MODEL

THE 'Uber for errands' app has arrived in Brisbane this week with the launch of GoFetch.

The app, which launched in Melbourne joins the host of peer-to-peer convenience based tools like Uber, Airtasker, and Deliveroo already available to make lives easier and cheaper with the press of a button.

Founder and Managing Director, Blair ...

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XTEK SCORES DEFENCE FORCE DRONES CONTRACT, SHARES SURGE

XTEK SCORES DEFENCE FORCE DRONES CONTRACT, SHARES SURGE

THE Defence Force has tapped defence technology company XTEK (ASX: XTE) to build new drones which it says will give Australian soldiers "an edge on the front line".

Canberra-based XTEK secured the $101 million deal to build a new "Small Unarmed Aerial Systems" (SUAS) capability which will be used for tactical intelligence,...

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