Brisbane portable scanner company raises $9 m to progress trials
ASX-listed brain scanner technology company EMVision Medical Devices has announced the successful close of a $9 million capital raising.
NT government, space agency sign MoU
The Northern Territory government and the Australian Space Agency have signed a memorandum of understanding that each says will take advantage of the NT’s geography and infrastructure as the space industry grows.
NSW moves on tech sector sovereign capability
Bu James Riley The NSW government has unveiled a tech procurement taskforce aimed at building sovereign capability and the transfer of skills and capability into the state’s public service delivery programmes. Having last month announced $1.6 billion in economic stimulus funding over three years to build government digital infrastructure, the state is now setting up…
Apprenticeship completions hold up during Covid-19 pandemic
Completion rates for apprentices and trainees who commenced training in 2015 have held relatively steady during the global pandemic at 56.8 per cent, down 0.4 per cent from those commencing in 2014. New data from the National Centre for Vocational Education Research (NCVER) also showed stable completion rates in trade occupations at 56.2 per cent,…
Next Science hit by Covid-19 shutdowns
Wound care technology developer Next Science was hit by shutdowns of elective surgeries and wound care clinics in the United States during the first six months of 2020, curbing revenue. Sales for the six months were $1.9 million, a small reduction on the previous corresponding period. Sales of Bactisure wound wash, BlastX anti-microbial wound gel…
Carbon Revolution eyes off new wheel contracts
Advanced carbon fibre composite road wheel manufacturer, Carbon Revolution is eyeing off new export contracts as it clocks up rapid growth. FY20 was a year of progress for the Geelong company as it ramped up production to an annualised rate of 30,000, improved processes and shrugged off the effects of the Covid-19 pandemic. Turnover in…
WA government announces grants for PPE manufacturing
The Western Australian government has offered matched funding of up to $500,000 for SMEs wanting to manufacture PPE, in one of three rounds announced on Thursday under its Local Capability Fund program.
UNSW to offer world’s first quantum engineering degree
The University of NSW will offer a world-first bachelor degree in quantum engineering, citing the need to grow local skills in an industry predicted to be worth as much as $4 billion in Australia within two decades.
Lithium Australia commercialisation picks up speed
Analysis by Peter Roberts The dream of a sophisticated processing and final products industry based on the key battery metal, lithium, is finally taking shape with a major player Perth’s Lithium Australia group. Uniquely, the company is not only developing a number of lithium mineral deposits here and in Europe, but is pursuing a vision…
DroneShield reaches break even in fourth quarter
Drone detection and countermeasures company DroneShield experienced its first break even quarter in the final three months of FY2020 as it continues to penetrate civilian aviation and defence markets. Cash inflows were $2.1 million for the quarter leaving the company with an cash position improved cash by $500,000,a significant improvement on the $1.2 million net…