Medical device innovator Epiminder has raised $18 million in bridging funding to support the development of its lead product Minder, which aims to revolutionise the lives of millions of people suffering from epilepsy and seizures. The raising was supported by existing shareholders Cochlear, the Bionics Institute, the University of Melbourne, Seer Medical and private investors.…
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Nuclear science and technology organisation ANSTO has been licensed as the Australian manufacturing partner of a new non-invasive treatment for non-melanoma skin cancer (NMSC). Radioisotope developer OncoBeta and ANSTO will establish local manufacturing of the company’s epidermal radioisotope therapy, Rhenium-SCT (Skin Cancer Therapy) for the treatment of non-melanoma skin cancer. ANSTO operates the OPAL nuclear…
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Aerospace and defence company Boeing has announced that it has committed over $5 million to an 18-month development program involving seven suppliers on a team which intends to build satellites under the JP9102 program.
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The Clean Energy Finance Corporation will provide up to $8.5 million in finance in a joint venture with Octopus Australia for the Gippsland Renewable Energy Park (GREP.)
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By Peter Roberts The federal government has announced funding will be earmarked in the upcoming Budget for a $4.3 billion dry dock to be located at the Henderaon marine precinct (pictured) in Western Australia. Prime Minister Scott Morrison made the announcement today in Perth, saying the new dry dock would turn Henderson into a world-class…
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Hydrogen technology company Star Scientific has won its category at the 24th Annual South by Southwest (SXSW) Innovation Awards at Austin, Texas. Star made the final of the New Economy category, with finalists demonstrating their projects to judges and show-goers over the weekend. It won the award for its HERO (hydrogen energy release optimiser) product,…
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BAE Systems Australia will create 55 new skilled engineering jobs in the Hunter region of New South Wales through support provided by the state government’s $250 million Jobs Plus Program. BAE Systems will expand the company’s Williamtown base, building additional bays at the aircraft sustainment hub, which will complement the new bays planned to be…
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Amaero International to review strategic alternatives Additive manufacturing technology company Amaero International has commissioned investment and advisory firm Guggenheim Securities to evaluate strategic alternatives for the company. The study was aimed at ensuring it was ‘taking every step possible to maximise value for shareholders’, according to an announcement. Amaero said no decisions had been made…
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BlueScope Steel will invest $217 updating the Port Kembla steelworks with the assistance of a federal government Modern Manufacturing Initiative grant. Canberra will provide $55.4 million to the project which will ‘shore up the supply of Australian steel to support renewable energy projects and our local defence sector’, according to the government. Steel plate produced…
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A ‘smart rail system’ that transforms rifles into data nodes linking soldiers in the battlefield with tactical leaders and commanders, is being trialled by NIOA. The Brisbane prime defence contractor has linked with technology and licensing company T-Worx to investigate application of its Intelligent-Rail (I-Rail) technology for use in the Australian Defence Force. The rifle-mounted…
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