5 things you need to know in Australian tech today

Stirling Mortlock of the Wallabies is tackled during the first Bundaberg Rum Series test match between the Australian Wallabies and France at ANZ Stadium on June 28, 2008 in Sydney, Australia. (Photo by Cameron Spencer/Getty Images)

Here’s the tech roundup for Wednesday:

1. The “world’s biggest all-female startup incubator” launched in Australia. Melbourne’s Geek Girl Academy has established an accelerator that will take in about 30 startups from this year’s #SheHacks hackathon tour. That group plus potentially a few entrants from outside will take the incubator to a size unprecedented for an all-female programme. Read more here.

2. Bitcoin is going gangbusters and so is Australian exchange platform Bitcoin.com.au. The company, which allows everyday folk to pay cash over the counter to buy Bitcoins, raised $815,000 in a series A round to accelerate its operations in UK and Canada and add Ethereum and Ripple to its catalogue. Read more here.

3. Former Australian rugby union skipper Stirling Mortlock has joined fintech Stockspot. The 80-test Wallaby left the NAB to lead the robo-advisor service’s foray into B2B partnerships with accountants and human advisors. Read more here.

4. While there’s plenty of good news for startups above, reality is tough. This chart shows the 10 biggest tech companies are worth 69% of the total market capitalisation for the industry on the ASX and NZX — showing that newcomers still face substantial challenges in beating the giant incumbents.

5. ABS inflation figures released today show communications prices fell 3.8% in the past year. The commoditisation of both mobile and NBN broadband markets are forcing retailers to hold or even drop prices as consumers demand more and more data. Meanwhile, the AFR reports a Vodafone exec saying the NBN could halve its controversial access charge, which is blamed for encouraging retailers to serve out slow connections to customers, and still meet the revenue targets the government has set.

Bonus: Would you buy a heater for $779 if it was connected to the internet? Read our review of the Dyson Pure Hot+Cool heater and make up your own mind. Because we’re not sure.

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