Matched funding totalling approximately $450,000 has been awarded by the state government to 13 Tasmanian businesses under the fifth round of the Advanced Manufacturing Accelerating Growth Program. According to premier Jeremy Rockliff, the round brought the number of projects funded under the program to 51, with a cumulative $3.5 million in government assistance resulting in…
Melbourne defence manufacturer Corvus Technology Solutions is preparing to transfer advanced defence technologies to Victoria to build the sophisticated suspension systems for the Army’s new Redback Infantry Fighting Vehicles. The company has opened a new office in Gyeonggi-do, South Korea to complete negotiations with Hanwha Defence Australia which will build the Redbacks at a new…
Electrolyser manufacturer Hysata has completed a record-setting Series B funding round worth $US 111.3 million (approximately $172 million) and led by bp Ventures and Templewater. Hysata announced an oversubscribed $42.5 million Series A round in August 2022, with the Series B seeing investors such as Bluescope’s venture business, BluescopeX, Virescent Ventures, the IP Group and…
A National Business Research and Development Strategy and Action Plan is the logical conclusion of our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort. In this edited excerpt, Dr John Howard lays out the elements of the strategy. The full paper can be downloaded below. Australian business investment in R&D collapsed during…
Innovation hubs that allow companies to engage with researchers and test their systems on the latest equipment are seen as part of the answer to Australia’s faltering innovation system. Here, in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Philipp Dautel of one such hub the Factory of the Future…
The Victorian government has announced backing for pharmaceutical manufacturer IDT Australia to boost production of live-saving cancer treatments. IDT Australia will build a new facility in Boronia, Melbourne to manufacture Antibody Drug Conjugates (ADCs) which have the specificity of monoclonal antibodies and deliver chemotherapy agents to cancer tumor sites. ADCs are set to replace almost…
Two international companies are locked in a heated takeover battle for control of Australia’s largest locally owned cotton processor, Namoi Cotton, with the bidders leapfrogging each other to dangle a bigger carrot in front of the company’s shareholders. Earlier this month Olam Agri Australia offered 66 cents a share for Namoi, trumping Louis Dreyfus Company…
Electrical engineering firm Ampcontrol and industrial technology company Siemens have announced a collaboration agreement covering “technology solutions for battery energy storage and grid applications” for the local renewable energy market. According to a joint statement from the pair on Wednesday, the agreement is an extension of their existing relationship, which has spanned major energy and…
EOS appoints new head of EOS Defence USA Defence manufacturer Electro Optic Systems has appointed Shawn Baerlocher as CEO of EOS Defense Systems USA where he will work with Christian Tobergte, Executive Vice President, Defence Systems (International). Shawn brings over 30 years of experience in leading multiple defense programmes across the entire Department of Defense…
CSIRO has unveiled a new Just Meat protein powder — made out of red meat and described as giving an “allergen-free protein boost to snacks and beverages” — at the Beef2024 expo in Rockhampton this week. According to a statement from the nation’s scientific agency on Wednesday, Just Meat has applications “that have mostly remained…