Daily Precap

Daily Precap - Friday 6th July 2018


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Daily Precap - Friday 6th July 2018
 
Hey I’m Domm, it’s Friday 6th July 2018, and this is your daily precap of everything technology, startups, and business from Australia and beyond.Sydney based eSports company Gamurs raised $3.5M.  The company serves 2.7M active monthly eSports fans, and will use the cash to grow to 4.5M active monthly users.
Malcolm Turnbull and Australia’s federal government has signed a landmark whole of government ICT procurement deal with IBM, worth a whopping $1Bn, and designed to save Australia over $100M.  Great cost cutting, but a shame we are about to write another 10 figure check for a US tech company.
VW launching electric car sharing startup W.E., in Germany next year.  The company has also developed a range of other electric vehicles it plans to expand to, including my favorite, electric scooters.  VW has plans to expand throughout Europe and ASIA by 2020.
 
Netflix might get more expensive, ‘Ultra’ subscription.  No new content, just higher quality streams in 4k and HDR.
 
NAIF plowing $96M into building a 3 story innovation complex at JCU in Townsville.  Personally, I think the money would be better spent on upgrading data connections in regional areas through 5G or high speed fibre connections, or put the money straight into capital for regional startups.  This $96M is an investment in the construction industry, not the innovation sector.
Brisbane company Tritium who build electric vehicle charging stations are celebrating like teenagers at schoolies, after their contract to supply high powered chargers to Europe company Ionity, was increased from an order of 12, to 600 just 4 days after first inking the deal.
Uganda is now charging its citizens a tax of 5c a day to access online services like facebook, Instagram, twitter.  In a move that could raise up to $60M / month for the government, but has understandably infuriated its citizens.
If you have any tips, news or announcements about entrepreneurs, startups, technology or business in or around Australia, hit me up on Twitter at @dommholland or Insta @domm.
That was your daily precap, I am Domm, thanks for listening, and I will be back with you on Monday!
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Daily PrecapBy Domm