Victoria to get two new medtech innovation challenges
The Victorian government has announced $400,000 in funding through the Australian Medtech Manufacturing Centre for two new innovation challenges focussed on new healthcare products.
MicroTau receives $2 m CEFC investment to develop shark-inspired coating for planes and ships
The Clean Energy Finance Corporation has made a $2 million investment in a seed round for MicroTau, a Sydney-based company that has developed a shark skin-inspired coating reducing drag in airplanes by up to 7 per cent in tests.
Silicon Quantum Computing’s $130 million capital raise aims for quantum computer
Silicon Quantum Computing (SQC) which plans to build a silicon quantum computer in Australia today announced the launch of its $130 million Series A capital raising to fund the company’s technical development, operations and strategic activities through to 2028. The Series A round follows SQC’s successful $83 million seed capital raising in 2017. Investors in…
Grant pays for Lynas to build rare earths plant in Texas
WA rare earths producer Lynas Rare Earth’ US subsidiary has signed a follow-on contract for approximately US$120 million with the U.S. Department of Defense (DoD) to establish a first of its kind commercial Heavy Rare Earths (HRE) separation facility in the United States. Lynas USA LLC plans to construct a facility to separate Heavy Rare…
Two Toowoomba manufacturers awarded $1.1 million in MiQ grants
Two manufacturers based in Toowoomba, Obadare Group and Tanuki, have been awarded grants totalling approximately $1.1 million under the state government’s Made In Queensland program.
It might seem a small loss, but Treg’s closure is a sad day for manufacturing nonetheless
On Friday a small Adelaide manufacturer announced it was closing, unremarkable perhaps because it happens every day. But manufacturing is suffering a death by a thousand such cuts, argues Peter Roberts. We have to do something to change the fortunes of our SMEs who, like the little company profiled here – are doing it tough.…
Manufacturing news briefs – stories you might have missed
Stronger sperm selected by Memphasys’ Felix device Assessments undertaken at nine international IVF clinics have shown that the Felix device produced by reproductive biology company Memphasys is capable of selecting better sperm from a sample destined for IVF procedures than traditional methods. Felix is a six-minute test that uses an electric force and polymer membranes…
Inovor to share Lockheed Martin JP9102 missions to space
Lockheed Martin Australia (LMA) and Australian space service provider, Inovor Technologies have inked a strategic agreement to support LMA’s ‘Hosted Missions Program,’ a key feature of the company’s JP9102 Enhanced Australian Industry Capability (AIC) plan. If adopted the programme would utilise surplus capacity aboard JP102 space launch vehicles for small Australian designed and built satellite…