Flying car race series attracts investment
A South Australian company that is building a manned multicopter to compete in its flying electric car racing series has secured seed funding from leading technology venture capital firms.
Federal government announces $31.3 million purchase of Australian-made ventilators
Industry minister Karen Andrews has announced the federal government’s $31.3 million agreement with a consortium led by Grey Innovation, which is expected to produce 2,000 invasive ventilators by the end of July to support patients during the Covid-19 pandemic.
Entrepreneur Programme gets $110m revamp
In a massive revamp of its flagship Entrepreneurs Programme, the Industry department has awarded four tender contracts worth a combined $110 million for delivering the program’s commercial outcomes.
What will bring manufacturers through COVID-19 – lessons from the GFC
Australian Manufacturing Forum member viewpoint by Kerrie Clarke Last time manufacturing collectively hit a wall was during the 2009 GFC. As author of Manufacturing Skills Australia’s Environmental Scan reports, I monitored the journey over several years. We learnt that without doubt, Australian manufacturers have proven over and again that they know how to put up…
Penfolds to set sail alone as luxury wine brand
Treasury Wine Estates the owner of the luxury Penfolds wine business is to consider a demerger of its operations to allow greater focus on its premium wines. The company announced the results of a strategic review of its operations and said it would pursue one option of spliting off its more commercial brands into a…
Productivity Commission sidelined in Canberra’s focus on manufacturing
Comment by Peter Roberts In a move which will be welcomed by most in the manufacturing sector the Productivity Commission has been sidelined in the federal government’s programme to map out a future for the sector post Covid-19. As reported by @AuManufacturing on Friday, former Dow chemical CEO Andrew Liveris has been called up by…
Cochlear adds remote monitoring to its hearing implants
Hearing implant company Cochlear has won US Food and Drug Administration approval for its Remote Check software which will allow hospitals and physicians to remotely monitor their patients. Remote Check will now be rapidly rolled out via the internet, allowing healthcare providers to identify those in need of audiological care during the Covid-19 coronavirus pandemic.…