Analysis by Peter Roberts For a very long time now in Australia it has been possible to get venture capital for a yet-another gold mine or some fintech app. But when manufacturing innovators go looking for capital, other than a few angel investors, the cupboard has been bare – this despite us sitting on one…
New Cellmid hair growth products to be launched Bio-technology developer Cellmid will collaborate with Pump Haircare for the supply of its FGF5 inhibitor hair growth products which will be sold under the Pump brand. Cellmid subsidiary Advangen will manufacture and supply Pump branded hair lotions including the company’s hair loss prevention and hair growth technologies.…
The energy and resources industry growth centre is to launch GeneratER, a new open innovation challenge aiming to boost SME manufacturers in the energy resources supply chain. With similar programs successful in a wide range of industries, National Energy Resources Australia will launch GeneratER next week in Perth, offering SMEs the opportunity to capture a…
Perth shipbuilder Austal has been awarded a US$44 million ($56.9 million) contract to develop and demonstrate autonomous operation of its Expeditionary Fast Transport (EPF) vessels in service with the US Navy. The company, which has a $2 billion plus contract to build 15 EFP ships for the USN at its yard in Mobile, Alabama, will…
Australia’s textile clothing and footwear industries, one of the principal victims of unfettered and often unfair import competition from China, has been the surprise beneficiary of Covid-19 disruptions, according to new figures from industry analysts IBISWorld. With Chinese exports disrupted Australia’s knitted product manufacturing industry achieved a 13.2 per cent increase in revenue to $90.6…
The federal government has awarded six companies a share in the Government’s $50 million Carbon Capture, Use and Storage (CCUS) Development Fund. Part of a $1.9 billion new energy technologies package announced in the 2020-21 Budget, the government aims to accelerate the development of the technology in Australia, reducing emissions and supporting new economic opportunities.…
Semiconductor technology developer BluGlass has announced an $8 million capital raising to further develop its first direct-to-market commercial laser diode product. The company, which is commercialising its Remote Plasma Chemical Vapour Deposition (RPCVD) production technology, plans a non-renounceable rights issue to current shareholders. The raising comes as the company revealed it was experiencing reliability issues…
Two of Australia’s leading local defence businesses have joined to further opportunities in remotely operated weapons systems (RWS) and ordinance. Weapons and munitions prime contractor NIOA and Canberra RWS manufacturer Electro Optic Systems (EOS) have signed a Memorandum of Understanding to jointly pursue opportunities to enhance and support EOS Remote Weapon Stations and weapon systems.…
Solar photovoltaics (PV) and wind continue to be the cheapest sources of new electricity generation capacity in Australia, even when the integration costs of renewables are included, according to a report released today by CSIRO and the Australian Energy Market Operator (AEMO). Their final 2020-21 GenCost Report, released today estimates the cost to generate electricity…
Australian clean energy storage startup Endua launches today an ambitious plan to manufacture hydrogen-powered energy storage systems to deliver sustainable, reliable and affordable power. Backed by $5 million from CSIRO’s venture division Main Sequence and Ampol, Endua will build modular hydrogen power banks that can drive power loads of up to 150kW in a single…
