Industry organisation AusBiotech has released a new report calculating the return from the federal R&D tax incentive reached $3.14 for each dollar of forgone tax revenue. The Economic impact of the Research & Development Tax Incentive for the biotech industry report (linked here) was developed with Deloitte Access Economics, and estimates that the RDTI for…
Steel maker InfraBuild announced its financial and operational results for the year ending June 30, with net revenue of $5,686 million (down five per cent) and EBITDA of $651 million (down 2 per cent) for the financial year. In a statement on Wednesday, the company – part of Sanjeev Gupta’s GFG Alliance – described performance…
Australian owned Quinbrook Infrastructure Partners is to add a missing piece to the solar PV manufacturing puzzle announcing plans for an $8 billion polysilicon manufacturing facility in Townsville, Queensland according to media reports. The company has been allocated 200 hectares of land at the Lansdown Eco-Industrial Precinct which has acess to renewable energy supplies, promising…
Mineral processor Tivan and Larrakia Energy have announced an agreement for supply of as much as 30 megawatts of renewable energy from 2026 to a planned vanadium electrolyte factory at Darwin’s Middle Arm precinct. In an announcement on Wednesday, the Northern Territory government said the partnership on energy represented a major step towards its goal…
First Australian companies and innovators were challenged to design a rover vehicle that will run on the Moon. Now a second challenge has been announced by marketplace Freelancer.com and ELO2 to design a mechanical sampling arm for the rover – the ELO2 Big Dipper Lunar Regolith Acquisition Challenge. The Australian Space Agency, in collaboration with…
Canberra-based food tech company Nourish Ingredients, which makes animal-free fats used in plant-based foods via precision fermentation, has announced that it will set up a facility in Singapore’s Food Tech Innovation Centre (FTIC.) In a statement on Tuesday, Nourish said it will operate from the flagship pilot and development facility run by Nurasa, where it…
Orthocell solidifies partnership with UWA Tissue regeneration technology developer Orthocell has executed an agreement with the University of Western Australia to exchange UWA’s entitlement to royalties for equity in Orthocell. The company will issue UWA 1.71 million shares in the company at a deemed price of 35 cents, placing the university among the top 20…
ADVERTISING FEATURE from ECI By Alan Margulis Determining a timeline for ERP implementation is a complex task for businesses of all sizes. The length of time depends on many variables, some of which are consistent for all organisations, and some of which will be unique to yours. What is more important than an accurate projection…
Electric aviation manufacturer Kite Magnetics officially opened their Green Aviation Test Facility last month at an event showcasing the company’s electric motor testing capabilities, including an in-house designed and built dynamometer and thrust stand. According to a statement from the Melbourne-based startup – which says it is committed to becoming a major player in the rapidly…
The Victorian government has opened applications for grants worth between $50,000 and $250,000 under the second round of the Made in Victoria – Manufacturing Growth Program. Grants are available to companies categorised as SMEs (between 20 and 200 employees) and cover up to a third of project costs. Projects include installation of new equipment, prototyping,…
