Hello and welcome to Thursday. Here’s what’s happening.
1. Supermarket giant Coles has enlisted meal courier Deliveroo in trials of a 30-minute grocery delivery in Melbourne. The trial with the bicycle business involves selected groceries for customers within a 3km radius of the Richmond store.
2. The Australian Defence Force is building a “Black Box” for soldiers. Two tech companies, South Australian IoT startup Myriota, and New Zealand wearable tech firm IMeasureU, have been given a $700,000 government grant to develop the “Fight Recorder” for soldiers, a wearable system to capture data on the battlefield, and also act as an emergency beacon for casualties.
3. Australian engineers have invented a new architecture for quantum computing. It uses the power of atoms for processing, to make large-scale manufacturing of quantum chips cheaper and easier than thought possible. They base their next generation computing on what they call flip-flop qubits.
4. An investment fund partner has explained how to tell if a fintech is going to be successful. Rajeev Gupta, the former investment banker who launched Geckolife and is now a partner with Stockspot’s Chris Brycki in Alium Capital, the technology-focused crossover investment fund, offers his insights here.
5. A smartphone app that checks and help deal with stress and depression at work is coming. Sydney startup Uprise is the brainchild of psychologist Dr Jay Spence. His app, due to launch next year, has been developed with help from major corporates such as Telstra and Lendlease, and will use AI and chatbots to help diagnose any issues. The sobering thing to note is that depression is going to be the second biggest cause of disability by 2020. Read more about his idea and Uprise here.