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 …
-
Noosa News13 hours agoLast Eungella dairy farm closing as milk becomes ‘cheaper than water’
-
General6 hours agoEven as Josh Papalii breaks Canberra’s appearances record his greatest day may be yet to come
-
Noosa News23 hours agoIbis, wombat or blue heeler? Former Bluey designer steps up in 2032 mascot quest
-
Business13 hours ago3 top ASX dividend shares for income investors to buy