Canberra-based food tech company Nourish Ingredients, which makes animal-free fats used in plant-based foods via precision fermentation, has announced that it will set up a facility in Singapore’s Food Tech Innovation Centre (FTIC.) In a statement on Tuesday, Nourish said it will operate from the flagship pilot and development facility run by Nurasa, where it…
Orthocell solidifies partnership with UWA Tissue regeneration technology developer Orthocell has executed an agreement with the University of Western Australia to exchange UWA’s entitlement to royalties for equity in Orthocell. The company will issue UWA 1.71 million shares in the company at a deemed price of 35 cents, placing the university among the top 20…
ADVERTISING FEATURE from ECI By Alan Margulis Determining a timeline for ERP implementation is a complex task for businesses of all sizes. The length of time depends on many variables, some of which are consistent for all organisations, and some of which will be unique to yours. What is more important than an accurate projection…
Electric aviation manufacturer Kite Magnetics officially opened their Green Aviation Test Facility last month at an event showcasing the company’s electric motor testing capabilities, including an in-house designed and built dynamometer and thrust stand. According to a statement from the Melbourne-based startup – which says it is committed to becoming a major player in the rapidly…
Penfolds maker Treasury Wine Estates (TWE) has secured a leading position in the US luxury wine market with a surprise US$900 million acquisition of US luxury wine business DAOU Vineyards. The purchase, which will be funded by an Au$825 million equity raising, brings the US’s fastest growing luxury brand into the TWE global stable which…
The Victorian government has opened applications for grants worth between $50,000 and $250,000 under the second round of the Made in Victoria – Manufacturing Growth Program. Grants are available to companies categorised as SMEs (between 20 and 200 employees) and cover up to a third of project costs. Projects include installation of new equipment, prototyping,…
BAE Systems Australia Maritime Managing Director Craig Lockhart has hit back at criticism of the construction of Hunter class frigates for the Royal Australian Navy at the Osborne Naval Shipyard in Adelaide. In an opinion article published on the company website Lockhart said the go-to narrative that the project was ‘troubled’ came from those who…
More Australian small businesses can now access research and development (R&D) funding through CSIRO as it broadens its Kick-Start programme. The programme has now been expanded with an increase in eligibility to include businesses with a turnover of up to $10 million, up from previous eligibility of up to $1.5 million. The CSIRO Kick-Start programme…
By Peter Roberts It is not surprising that talks for a Europe Australia Free Trade deal have fallen over as Australia has little to give up to the EU and Europe has everything to lose from anything resembling free trade. Australia has systematically dismantled industry protection since the 1980s when there were quotas on imports…
Sara Lee has been billed as the latest Australian food brand to go to the wall – it is actually New Zealand owned. Nevertheless, here Allen Roberts explains why it is next to impossible to find an Australian owned food brand on the shelves of our supermarket duopoly. When I was a boy in this…
