We know that increasing manufacturing production in Australia would bolster employment and GDP growth. But as Trent Bagnall argues, this won’t change when most venture and development funding is directed to areas other than hardware. Historically, Australia’s manufacturing sector has struggled to secure key funding necessary for growth. This is despite many of our core…
Gold Coast modular housing manufacturer ModnPods is to boost production following the opening of a new 6,200 square metre Arundel factory. The uplift in manufacturing capacity was made possible by an investment in ModnPods from the Queensland government through the $100 million Business Investment Fund, managed by Queensland Investment Corporation. In just one year, ModnPods…
Seventeen companies have been selected over five categories for the WA Innovator of the Year Awards 2023, with winners to be announced in November and share in a prize pool worth over $200,000. In the running (a full list of finalists is reproduced below) are makers of the first prosthetic eardrum, a same-day antimicrobial susceptibility…
Water filtration and sanitisation company Waterco has announced that it will acquire Davey Water Products from GUD Holdings for $64.9 million, with the sale expected to be complete on August 31. In a statement on Monday, Waterco cited benefits including expansion of its international reach, gaining a complementary product and customer base, strengthened R&D, and…
Melbourne cold spray additive manufacturing (CSAM) machinery manufacturer SPEE3D has successfully participated in Annual US Marines Corps Integrated Training Exercise 4-23 (ITX), printing on-demand parts in the field to support critical defense operations. The event was a live-fire exercise combining infantry, artillery, aircraft, combat logistics, and all the supporting elements to train battalion and squadron-sized…
Australian small businesses participating in Boeing Australia’s first Capability Up-Lift Program have graduated with seven Boeing contracts, including agreements with three new suppliers. Vice president and managing director of Boeing Defence Australia Scott Carpendale said: “SMEs bring significant value to the Defence industry including agility and innovative technologies in key areas such as manufacturing, cyber…
Trafigura-owned Nyrstar Australia – which operates smelters at Port Pirie in South Australia and Hobart, Tasmania – released its Economic Value Report Summary for 2022 on Friday, calculating its total value to the Australian economy at $1.7 billion. The metals processor counted support for 6,400 full-time equivalent jobs and $838 million in direct spending in…
Analytical and life sciences products manufacturer Trajan Scientific and Medical has announced that the pediatric centre at Budapest, Hungary’s Semmelweis University will use the company’s blood microsampling devices in a neonate research study. According to a statement on Thursday, its Neoteryx Mitra microsampling device enables collection of blood samples less than one-tenth of the sample…
Energy storage company MGA Thermal has announced the raise of a further $8.25 million, including from existing investors Main Sequence, Varley Holdings and Melt Ventures, as it prepares to commission a demonstration unit for its thermal energy storage system. “We’re proud of our work and support received to date from the Australian Renewable Energy Agency…
The federal government has opened Round 15 of Cooperative Research Centres Projects (CRC-P) Grants to develop new technologies, products, and services. The government expects to award around $40 million in grants in the round to small and medium businesses for projects to support a circular economy or meet the key priorities of the National Reconstruction…