Metal additive manufacturing group AML3D has received firm commitments from investors to raise $7 million to speed expansion of the company’s 3D printing operations. The Adelaide company will use the funds from institutional and private investors to buy and commission additional production modules to increase contract manufacturing capacity, enabling AML3D to service new customers. AML3D…
Product design and engineering group Tekt Industries has won backing to develop an augmented reality (AR) based quality control and inspection system, initially for use in printed circuit board manufacturing. The company has received a $250,000 grant from the Advanced Manufacturing Growth Centre (AMGC) to lead the development of an AI Camera based compact vision…
Brisbane start-up Vaulta will utilise graphene in a new lithium-ion battery casing it is developing following a successful capital raising. The company, which is commercialising a simpler method for manufacturing the casings, has raised $320,000 from ACAC Innovation, Artesian and Brisbane angel investors. One of its first actions was to hire four new staff, including…
Budget analysis by Peter Roberts The 2020-21 federal budget has been packaged and sold as many things, from one for jobs, to a reset for manufacturing. There are certainly a multitude of initiatives, but this is certainly not a budget that will ‘galvanise investment in Australian manufacturing’ to quote industry minister Karen Andrews. The problem…
Studies on the development needs of the Henderson shipyard have been announced by the federal government.
Leading industry groups and universities have called on the federal government to make a targeted effort to address Australia’s commercialisation woes in this week’s federal budget, with new funds and an R&D collaboration premium.
Trans-Tasman dairy giant Fonterra has sold its Chinese dairy farms for a total ofg $555 million after developing them with local partners. The group, which produces brands such as Western Star in Australia, sold its Ying and Yutian farming hubs to Inner Mongolia Natural Dairy and its Hangu farm to Beijing Sanyuan Venture Capital. Fonterra…
Brent Balinski gathers some reactions to last week’s industry policy announcement, and to the notion of picking winners.
Medical device developer Epi-Minder has successfully completed an $18 million Series A funding round. The company is commercialising its implanted Minder electroencephalography (EEG) monitoring device for those suffering from epilepsy. Existing shareholders Cochlear, the Bionics Institute, Melbourne’s St Vincent’s Hospital and the University of Melbourne took part in the capital raising. Bionics Institute researchers and…
Comment by Peter Roberts CSIRO’s Synroc synthetic rock method for safely storing radioactive waste is making headlines again (more on that later), but as someone who has been around for a while it all just demonstrates yet again the topsy turvy way we see innovation in Australia. Synroc was unveiled in 1978 by a team…
