$520 million investment fund for SMEs announced
A $520 million growth fund to provide patient equity capital for small and medium enterprises has been announced by the federal government.
Advanced Braking the technology of choice in mining
Perth’s Advanced Braking Technology (ASX: ABV) has made good progress in the past year in stabilising the company’s financial position. Chairman Dagmar Parsons told the company’s annual general meeting that the company had undertaken a strategic review, driven cultural change and identified cost savings. She said progress had been made towards the goal of returning…
Althea to expand into medicinal cannabis manufacturing
Medicinal cannabis cultivator and manufacturer Althea Global (ASX: AGH) has ended the year hitting milestones with 3,031 patients prescribed the drug by 375 healthcare professionals. Only 159 patients had been prescribed the company’s products a year ago. CEO Josh Fegan told the annual general meeting that the company also entered the United Kingdom market and…
“Seeing the Future: the Bionic Eye and Beyond” – VIDEO
An update on the progress and future of the bionic eye – a prototype of which has restored “a sense of vision” to blind patients – has been given by the lead on the project at the Centre for Eye Research Australia and is now available.
SunRice announces 100 jobs to be shed in 2020
SunRice has announced it will cut another 100 jobs next year, following two consecutive years of record low rice crops.
Plant based burger venture raises $35 million
v2food which developed the Hungry Jack’s plant-based Rebel Whopper has raised $35 million in venture capital to fund R&D and build a production facility. The company, which used CSIRO R&D capabilities to launch the new burger earlier this year as reported in @AuManufacturing, raised the cash from Australian and Asian interests. Tipping in funds, according…
Baxter Labs celebrates 25 years production
Melbourne pharmaceutical manufacturer Baxter Laboratories has celebrated 25 years as a manufacturer of skin care products, sunscreens and topical pharmaceutical. Staff paused to celebrate 25 years of service at the plant yesterday (below). The company offers a complete service to third parties from research and development to regulatory services, manufacturing, filling , warehousing and global…
Brickworks confident US expansion will pay off
Brick manufacturer Brickworks (ASX: BKW) is confident that its acquisition of three US brick makers within the space of a year will pay off. Brickworks managing director Lindsay Partridge told the company’s annual general meeting that with integration complete in 2020, its US businesses would have the scale to materially impact company earnings. Brickworks has…
Defence grant to develop more capable drone surveillance
Melbourne drone technology company AVT Technologies has been awarded $5.2 million to develop a system to improve the quality of images taken by drones. The grant from the Defence Innovation Hub follows an earlier $2 million grant to develop a micro gimbal weighing less than 250g that features 50x zoom and thermal imaging. AVT is…
HSV doubles vehicle production post Holden era
Siemens Australia CEO Jeff Connolly has revealed how HSV, the former special vehicles division of General Morors Holden, has re-invented itself following the closure of mass automotive assembly. Writing on Linkedin, Connolly said the company had completely re-engineered its business model and was now thriving. Connolly said: “It reminds me of the old saying, one…