Listed telecommunications and IT services company Amcom (ASX:AMM) has offered a total of $320,000 in seed capital to eight Western Australian startups who were selected from 70 applicants in Australia and internationally to the telco’s Upstart program.
Salesforce has weighed into the debate in the wake of last week’s federal budget, applauding the “radical” departure from past neglect of startups, but highly critical of Australia’s short-term reform compared to the “long game” approach on startups by our Asian neighbours.
Australia is still lagging behind other developed countries in investment in tech start-up ventures, with a fall in matching government funding as well as under-investment by the private sector.
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