New procurement rules are great news – by Shane West

New federal government procurement rules announced on Friday have doubled the share of $70 billion in annual spending open to Australia’s SMEs. But as Shane West argues here, they also open up the possibility of other benefits to the economy and environment. The revised Commonwealth Procurement Rules (CPRs) now requiring that procuring officials consider a…

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Quickstep to test new composites for hypersonic vehicles

Composites manufacturer Quickstep and defence researchers will develop new high temperature resistant materials to be used in producing hypersonic aerostructures. The company has begun a jointly funded project with the Department of Defence, through the Defence Science and Technology Group (DSTG) in collaboration with R&D group DMTC Ltd, to identify, analyse and test high materials…

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17 grants awarded to help commercialise WA medical and health inventions

The Western Australian government has announced $8 million in early-stage funding to help proceed medical and health innovations developed in the state. The first round of the Innovation Seed Fund provided assistance to 17 startups and publicly-funded institutes. According to the website of the Future Health Research and Innovation Fund, through which the funding came,…

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Albanese doubles SME share of government spending

The federal government has dramatically boosted the share of government procurement earmarked for Australia’s small and medium sized businesses. Finance minister Senator Katy Gallagher and small business minister Julie Collins announced revisions to the Commonwealth Procurement Rules (CPRs) on Friday that will double federal spending available to SMEs. The new CPRs now require that 20…

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