The National Reconstruction Fund Corporation has committed $150 million to Brandon Capital to accelerate Australian medical innovation commercialisation, according to an announcement on Thursday. The investment will be allocated to Brandon Capital’s BioCatalyst 6 fund and will support early and late-stage Australian medical science companies developing therapeutics, medical devices and vaccines. NRFC chief executive David…
A green hydrogen and ammonia project in regional New South Wales has reached financial close, with construction set to begin in October, according to an announcement on Wednesday. The Good Earth Green Hydrogen and Ammonia project is a joint venture between Hiringa Energy, Sundown Pastoral Company and the NSW Government. The facility will be located…
Altech Batteries has provided an update on funding for its CERENERGY sodium-chloride solid-state battery project in Saxony, Germany, according to a statement on Wednesday. The company said a large European bank was in the process of being mandated to provide debt funding, with the bank’s technical due diligence team conducting a final site visit. The…
The University of Queensland’s Molecular Clamp technology has been acquired by global healthcare giant Sanofi in a landmark deal worth up to US$1.6 billion – the largest involving a company commercialising intellectual property from an Australian university. Sanofi entered into an agreement to acquire Vicebio, a company formed in 2018 to develop UQ’s proprietary Molecular…
Adelaide-based Tindo has joined forces with the University of New South Wales on two innovative projects aimed at boosting power output in solar cells through advanced TOPCon technology. The collaborations will explore Tunnel Oxide Passivated Contact solar cell technology, which in laboratory testing can achieve around 27 per cent power conversion efficiency, compared to current…
Alter Steel has finalised its contract with Italian engineering firm Danieli to supply the technology and equipment for its $750 million steel mill in Pinkenba, Queensland, with the down payment now made to secure delivery. When complete, the facility will produce 500,000 tonnes of reinforcing steel products annually to meet Queensland’s growing construction demand using…
Victoria’s food manufacturing sector has received a major boost with the official opening of Mondelēz International’s new state-of-the-art National Distribution Centre in Truganina. Premier Jacinta Allan and Minister for Economic Growth and Jobs Danny Pearson joined Mondelēz executives to open what the company described as its most advanced facility in the world. The 47,000 square…
UNSW Sydney has announced the Green Fellowship program, an ambitious scheme to attract the world’s brightest academic minds to help solve some of the planet’s biggest problems. Named in honour of UNSW’s Scientia Professor Martin Green, who pioneered much of the technology underpinning solar panels, the fellowships will be open to exceptional international academics whose…
Australia risks becoming a mere consumer of technology rather than a producer if it continues following global best practices instead of charting its own course in the Fourth Industrial Revolution, according to Professor Henrik von Scheel, the strategist who coined the term “Industry 4.0”. Speaking ahead of his keynote at Industrial Transformation Australia next week,…
BlueScope Steel has secured a pivotal advantage in the sale of Whyalla Steelworks, gaining a “right-of-last-offer” provision that gives it the opportunity to beat any final offers to acquire the facility, as The Australian Financial Review reports. The administrators have granted the ASX-listed company the ability to form a consortium with other interested parties and…