News Pulse for January 6, 2017

A daily download of SME, startup, fintech and tax news from around Australia.

Innovation ‘needs incentives, changed mindsets’

The signs are encouraging, but more government incentives, increased risk-taking and a changed mindset around education are vital to fuel the culture of innovation Australia needs to broaden its economy, WA business leaders say.

Just over a year after the Turnbull Government’s National Innovation and Science Agenda focused attention on the vision of a smarter Australia, local chief executives, corporate advisers and decision-markers surveyed by WestBusiness have called on the Government to augment its initial package of agenda incentives.

Gruden gets NSW small business tender

In collaboration with ASX listed Velpic (ASX: VPC), market leading technology provider of fully integrated fintech platforms, The Gruden Group (ASX: GGL) will develop a new system for the New South Wales Small Business Commissioner (OSBC) to enable the group to interact more efficiently and effectively with its core stakeholders, being predominantly small businesses.

Small Business Champion role criticised by Chamber of Commerce and Industry Queensland

Queensland’s peak advocate for small business has slammed the creation of the state’s first “Small Business Champion”.

Maree Adshead was announced as Queensland’s Small Business Champion in late December, with Innovation Minister Leeanne Enoch saying she would provide the sector with a strong advocate.

Small businesses navigating gentrification on both sides of the hipster coin

Being trendy can bite you in the bottom.nnJust ask the Footscray’s hipster business vanguard: 8bit burgers, Rudimentary cafe, Littlefoot Bar and Up In Smoke barbecue restaurant. All four have been defaced in recent months.

Internet marketplaces set to transform Australian recruitment sector

The rise of internet marketplaces has democratised our world, as people are able to solicit the opinions of real users, buy and sell to, and access services from anywhere in the world at any time.

What started out as sharing of information and advice online, such as holiday and restaurant review sites like TripAdvisor and Yelp , quickly progressed to transactional businesses. This meant people could buy and sell to each other. The dominance of Amazon and eBay started here and continues today.

‘Grave concerns’ metadata could be used in civil, divorce cases

Private phone and internet metadata collected under the Government’s data retention scheme could be used in divorce cases or to combat internet piracy, law experts have warned, as the telecommunications industry launches a fresh push to change the laws.

The data retention scheme was announced in 2014 as part of the Abbott government’s efforts to combat terrorism.

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