Business
Foreign investment shake-up could be fatal to startups – Sydney Morning Herald
Technology companies are worried the proposed changes to Australia’s foreign investment rules could jeopardise their access to funding.
Q-Ctrl provides control-engineering software that reduces error and noise in quantum computing hardware and last year raised $US15 million ($20 million) in funding with 44 per cent of its capital coming from foreign sources, including US-based fund Sequoia Capital, a heavy investor in Australian startups.
Mr Biercuk is worried the startup will struggle to attract investors in the future because of the proposed reforms, which characterises a national security business as anything where defence …
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