Solar cell manufacturer and renewable energy project developer RayGen Resources has completed a $51 million capital raise, led by oil and gas services company SLB. In a statement on Monday from state government investment vehicle Breakthrough Victoria – which contributed $20 million through the round – it said that RayGen would use the funding “to…
Today @AuManufacturing launches its new editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – with the facts about the crash in R&D over the past decade. Here in this edited excerpt (full paper link below) Dr John Howard details the innovation slump. In 1981, Australia spent 0.90% of its GDP on R&D…
Australian infrastructure, property development and investment management company Wagner has joined with Boeing to grow the sustainable aviation fuel (SAF) industry to help meet Australia’s airline demand for jet fuel. With demand set to grow 75 percent over the next 25 years Wagner, which owns the Wellcamp Business Park and Toowoomba Wellcamp Airport in Queensland,…
Australia has welcomed what the Department of Defence described as ‘the significant and tangible steps’ made by the United States Government to further streamline export control licensing requirements for AUKUS trilateral partners. The announcement of a licence-free environment between Australia, the United Kingdom and the United States will revolutionise collaboration and enable unprecedented levels of…
By Greg Jericho Australia’s economy is less an advanced economy than it is a petrostate style simple economy. That needs to change The announcement that the government would respond to the USA’s Inflation Reduction Act with the “Future Made in Australia” policy was a long time coming but welcome all the same. But while critics…
Micro-X raises cash, accelerates product commercialisation Cold cathode X-ray machine manufacturer Micro-X has raised $4 million in a placement including from all four substantial shareholders and will embark on a share purchase plan to raise a further $1 million. The raising is being made at 9.5 cents a share, a 17 percent discount to the…
Another step in the process of Australia acquiring, and eventually building, nuclear powered submarines has been taken with the first three Royal Australian Navy officers assigned to US Virginia class submarines based at Pearl Harbor in Hawaii. The officers, Lieutenant Commander James Heydon, Lieutenant Commander Adam Klyne and Lieutenant William Hall, were assigned after graduating…
Sponsored After a successful Idea to Launch Masterclass hosted in Holland this year, Sopheon moves to Melbourne for a full two days of impactful training and workshopping over the 31st April and 1st May 2024 at the Melbourne Business School. Register now as numbers are limited. The Idea to Launch Masterclass articulates a Systematic Innovation…
Drone detection and countermeasure manufacturer DroneShield has topped off a year of rapid growth with a fully underwritten $75 million capital raising. The company is raising $70 million via a share placement, and an additional $5 million through a share purchase plan. The cash will be used to build up inventory to support a sales…
The first prototype Ghost Shark autonomous undersea vessel (pictured) being developed for the Royal Australian Navy has been completed. The name references Boeing’s successful development of the unmanned aerial vehicle (UAV) Ghost Bat for the RAAF. Developed in Sydney by US start up Anduril, the company has previously shown a 2.8 tonne ‘Dive-LD’ autonomous submarine,…
