A medical innovation accelerator located within Monash Technology Precinct and focussing on cardiovascular, kidney and metabolic disease opened on Wednesday. According to a statement from Monash University, the The Monash Velos Accelerator was assisted through a $17.5 million Victorian Higher Education State Investment Fund grant and “will embed commercialisation capabilities” at the precinct. The accelerator…
Electronics manufacturer Codan has delivered its full-year results, with group revenues up 22 per cent to $674.2 million and “all profitability metrics increased” versus the previous financial year. According to a statement from the ASX-listed company on Thursday, net profit after tax was up 27 per cent to $103.5 million and earnings before interest and…
Researchers at the University of Southern Queensland (UniSQ) are looking to further develop a lab-level technology for upcycling mixed plastics into valuable carbon nanomaterials and hydrogen. According to a statement from UniSQ on Wednesday, the team is working with plastic recycler Australia Sunlight Group (ASG) on the problem, with support from the AU-UK Hydrogen Energy…
Brisbane-based nanomaterials company Graphene Manufacturing Group has raised gross proceeds of C$5 million (approximately $5.6 million) through a sale of 5,555,556 units at C$0.90 (approximately $1.) According to a statement from the company on Wednesday, it has entered into an agreement with Red Cloud Securities as sole underwriter and bookrunner, with Red Cloud purchasing the…
Grants totalling $28.7 million have been awarded via another round of the federal government’s Industry Growth Program. According to an update from the federal department of industry’s website on Wednesday, three of the grants went to: SDIP Innovations, which is “developing an implant system that manufactures bone fillers for use in orthopaedic surgeries”; Iondrive Technologies,…
Sound can help brew beer faster, study finds University of Otago – Ōtākou Whakaihu Waka researchers found playing audible sound (white noise) while making beer can reduce the fermentation process by 21-31 hours without significantly affecting the flavour, the university shared this week. Lead author Dr Parise Adadi, who completed the study as part of his PhD in…
Multidisciplinary construction company Northern Trade Solutions is diversifying into specialty glass manufacture, opening its Northern Glass Solutions (NGS) division with support from a $668,072 co-investment from the Northern Territory Government. According to a statement on Wednesday, the grant supports a collaborative project related to the effort. The project is expected to run for 12 months,…
Applications opened on Tuesday for the federal Battery Breakthrough Initiative, announced in the 2024 budget, offering $500 million in support through “capital grants, production incentives or other payments” and administered by the Australian Renewable Energy Agency (ARENA.) According to a statement from industry minister Tim Ayres (pictured) on Tuesday, the initiative aims to see more…
Appreciation has grown in the last decade or so for a modern, holistic view of manufacturing. It’s “more than just production”, you will have heard countless times, and production is the lowest point in the “smiley curve” model of where value is added. The National Reconstruction Fund Corporation, for example, chose to open its inaugural…
Organics recycler Soilco has announced its acquisition of The Good Dirt Company, a regional organics processor based in Lethbridge, marking the company’s entry into the Victorian market. Soilco said that Good Dirt has historically received and composted green waste and agricultural manures and distributed finished products to the region’s farming community. An EPA-licensed composting facility…