WA attempts to lift venture capital record with $30 million co-investment program

The Western Australian government is attempting to improve its venture capital ecosystem, currently ranked second-last among all Australian jurisdictions, through a $30 million initiative intended to lure global VC funds to invest in the state. According to a description on the state government’s website, the Western Australian Venture Capital (WAVC) Initiative is open to firms…

Government acts on AI risk, safety

The federal government has issued a Proposals Paper for Introducing Mandatory Guardrails for AI in High-Risk Settings responding to business calls to clarity on AI regulation The proposals paper canvasses a proposed definition of high-risk AI, ten proposed mandatory guardrails and regulatory options to mandate these guardrails. The three regulatory approaches could be: Adopting the…

Collaboration to integrate quantum and high performance computing

Room-temperature quantum computing manufacturer Quantum Brilliance has announced a collaboration with Oak Ridge National Laboratory (ORNL) to build a joint platform integrating quantum computing with high-performance computing (HPC). The collaboration will focus on integrating an on-premises cluster of QB’s quantum accelerators with ORNL’s HPC systems to explore the performance and effectiveness of parallelised and hybridised…

Towards 3% R&D, research for a decarbonised future – by Stephanie Moscovis

Ahead of @AuManufacturing and BDO’s webinar Towards 3% R&D – Where to from here? on 19 September (information and sign up here) Stephanie Moscovis looks at Australia’s Trailblazer programme that is derisking research into decarbonising the economy. Research and development (R&D) is not just a process; it is the secret sauce of innovation, the driving…

Biochar doesn’t just store carbon – it stores water and boosts farmers’ drought resilience

By Sirjana Adhikari, Deakin University; Ellen Moon, Deakin University, and Wendy Timms, Deakin University As the climate changes, large parts of southern Australia are projected to get drier. Extreme rains are also becoming more common. For farmers, these changes pose big risks. What can we do to manage changes already locked in? One adaptation is…