Submarine builder goes digital, cements Adelaide as sustainment site

By Peter Roberts ASC which built and sustains Australia’s Collins Class submarines in Adelaide has embarked on an ambitious project to fully digitise its shipyard operations. It is not clear whether the investment in Adelaide and Perth will put an end end speculation that further major Collins sustainment work could be shifted to Western Australia.…

Nourish brings fake meat closer with animal-free fats and oils

CSIRO-backed non-animal based foods business Nourish Ingredients has raised $14.5 million (US$11 million) in seed funding to accelerate commercialsation of its animal-free fermented fats and oils. CEO James Petrie said the company has secured an initial funding round co-led by leading venture capitalists Horizons Ventures and Main Sequence Ventures. Main Sequence is the venture arm…

Six SMEs share grants to boost defence export potential

Six Australian small businesses have shared in more than $1.3 million in federal government grants designed to boost their export potential. Defence industry Melissa Price today announced the latest recipients of grants under the Defence Global Competitiveness Grant Program. Price said: “We are helping businesses around the country to upgrade their manufacturing processes and equipment…

Starpharma launches Viraleze in the UK

Pharmaceutical developer Starpharma has secured United Kingdom distribution for its Viraleze antiviral nasal spray. The Melbourne company has signed a sales and distribution agreement with LloydsPharmacy which operates 1,400 pharmacy stores in the UK and is part of international pharma distributor group McKesson. McKesson supplies more than 14,000 pharmacies across the UK. Viraleze spray, which…

Southern Launch gets first ever launch facility licence

Southern Launch has become the first company to be granted a rocket launch facility licence by the federal government, opening the way for commercial sub-orbital launches from its Koonibba Test Range in regional South Australia (pictured). Industry minister Karen Andrews said today ensuring a regulatory framework that balances safety and entrepreneurism is crucial to growing…