Alternative protein maker All G Foods has closed a $16 million seed round ahead of a rollout this month of its Love Buds Burger product, joining startups such as v2food, Fable and Fenn Foods in the burgeoning local plant-based food market.
By James Riley Total spending by Australian business on research and development remains at 2012 levels, despite small increases in each of the past three financial years. A new Australian Bureau of Statistics report found business expenditure on R&D (BERD) was $18.17 billion in 2019-20, slightly below the $18.32 billion that businesses spent in 2011-12 at today’s prices.…
Research commissioned by confectioner Mars Wrigley has shown 72 per cent of those in cities and “working or studying in manufacturing, trade, or STEM careers” were open to relocating to a regional centre.
By Peter Roberts In a world where sporting goods manufacturing has deserted developed countries in favour of low cost locations there is one company that has managed not only to survive, but dominate the sports with which its name is synonymous. Everyone who has ever wielded a cricket bat knows the superior quality of Kookaburra’s…
NSW defence innovation boost The NSW government will invest $1.9 million to support the Defence Innovation Network to fund seed and pilot projects to create a collaborative research environment and develop hi-tech solutions for Defence. DIN announced four new pilot projects and two to receive $50,000 seed funding in an initial program costing $700,000. Projects…
Wesfarmers has secured ground for a new lithium refinery in southern Perth as part of its joint venture to control the full value chain of lithium hydroxide, a chemical compound used in electric vehicle and renewable energy batteries. Under a $1.8 billion joint venture with Chilean mining company Sociedad Química y Minera (SQM) known as Covalent…
Funding totalling $47 million has been announced to support 22 CRC Projects in the 11th round of the program, including to efforts developing electric air transport, plant-based protein and orthotic products.
Orbital Corporation has delivered its second unmanned aerial vehicle (UAV) engine in a development program for a Singapore defence industry customer. The company, which manufactures UAV engines for Boeing offshoot Insitu, is designing, developing and providing initial low-rate manufacturing of multi-fuel engines with the first units destined for system evaluation and customer acceptance trials. Orbital…
Monash University in Melbourne has been revealed as the first in Australia to manufacture a mRNA technology Covid-19 vaccine candidate. The candidate, developed by the University, will be made at a new node of its Parkville laboratory to be located at Clayton, with the expansion made possible by of a $13.8 million grant from the…
Matrix Composites moves to loss in Covid year Underwater systems composite manufacturer Matrix Composites & Engineering has plunged to an EBITDA loss of $4.4 million in FY 21 as disruption from the Covid-19 pandemic slashed sales to $17.6 million compared to the previous year’s $27.4 million. However the company reported final quarter revenue of $6…
