In this week's episode of The Startup Retro, hosts Will and Gemma discuss the latest developments in the Breakthrough Victoria saga, including the departure of its CEO and ongoing legal battles with a founder. They also provide an update on the progress of the Future Made in Australia (FMiA) legislation, which is currently being debated in parliament. The hosts then cover the release of Australia's updated National Science and Research Priorities, focusing on key areas like net-zero transition and Indigenous knowledge systems. In addition, they highlight two new funds deploying capital into Aussie startups and feature their favourite startup raises of the week. To top it off, Gemma and Will interview Slice co-founder Farouk Ismail, who shares insights on their decision to take international funding and offers advice on expanding into the US market. The episode concludes with their Knowledge as a Service (KaaS) podcast recommendations.

Headlines

Breakthrough Victoria

• CEO exits amid ongoing legal battle with a founder.

FMiA Update

• Heated debate continues in parliament.

• The government could proceed with the funding regardless of the legislation’s outcome.

National Science and Research Priorities

• Minister Ed Husic outlines new imperatives for science investment in Australia.

• Key focus areas include transitioning to net-zero, supporting healthy communities, elevating Indigenous knowledge systems, environmental restoration, and national security.

New Funds

• CoVentures, a single-GP fund managed by Maxine Minter, closes its first fund with $5M+.

• Proto Axiom emerges with new capital to deploy into Australian startups.