Innovators earn $4.7 million in January Accelerating Commercialisation grant round
Grants totalling $4.7 million and shared among nine companies under the federal Accelerating Commercialisation program have been announced.
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BlackRock sips on Penfolds
BlackRock, the mega funds manager which this week announced an exit from coal investments, has joined the share register of the producer of the iconic Australian red wine Penfolds Grange. The company has bought 7.3 million shares worth $250 million in Australia’s leading wine producer Treasury Wine Estates (ASX: TWE) over recent weeks. The global…
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Noxopharm spins off Nyrada pharma group
Metastatic cancer treatment biotech Noxopharm (ASX NOX) has successfully listed its Nyrada Inc spin off on the Australian Stock Exchange. Noxopharm, which is focusing on commercialising its Veyonda treatment for late-stage cancers, listed Nyrada to develop non-oncology drug prospects developed by the group. Nyrada is listed as a foreign company on the ASX through the…
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1414 Degrees successfully trials biogas energy storage
Energy storage company 1414 Degrees (ASX: 14D) has successfully integrated its GAS-TESS energy storage system with a SA Water wastewater treatment plant. The system is the first in the world to store energy from biogas created in the waste treatment industry in molten silicon, recovering the energy later to generate electricity. As reported in @AuManufacturing,…
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New Australian drug delivered by balloon to patients
A new Australian-made medical device, a balloon for drug delivery for atherosclerosis sufferers, is moving closer to commercialisation.
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Now energy prices threaten Tomago smelter
The future of yet another Australasian aluminium smelter is coming under threat because of unsustainable energy prices, according to media reports. The owners of Australia’s largest aluminium smelter at Tomago in NSW have warned the NSW government that rising energy prices could have a significant impact their operations. Tomago Aluminium Company, a jont venture of…
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Round two winners of WA regional grants program announced
A digital welding platform for an earthmoving attachment manufacturer is among projects being assisted through round two of the WA government’s Regional Economic Development program.
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Orthocell receives $2.9 million R&D refund
Nerve technology developer Orthocell (ASX:OCC) has received a $2.9 million R&D tax incentive refund for the 2018/19 financial year. The Perth company, which is commercialising its CelGro product to facilitate the regeneration of severed peripheral nerves, will invest the funds to accelerate regulatory approvals and to advance R&D. The company also recently raised new capital…
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Australian Vanadium in talks with Chinese steelmaker
Resources and chemicals group Australian Vanadium (ASX: AVL) has signed an agreement which could see its services and products sold into the China market. The company, which is developing large-scale vanadium deposits and manufactures vanadium battery electrolyte, signed agreements with Hebei Yanshan Vanadium and Titanium Industry Technology Research Co to allow the negotiation of a…
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Spectur’s IoT security sales accelerate
Off grid security and IoT solutions provider Spectur (ASX: SP3) has reported its best quarterly sales performance as uptake of the company’s products begins to accelerate. Spectur, which makes IoT connected solar powered security camera installations for unpowered areas, booked its first positive quarterly cash flow in the latest quarter with cash flow from customers…
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