Brisbane start-up Vaulta will utilise graphene in a new lithium-ion battery casing it is developing following a successful capital raising. The company, which is commercialising a simpler method for manufacturing the casings, has raised $320,000 from ACAC Innovation, Artesian and Brisbane angel investors. One of its first actions was to hire four new staff, including…
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Budget analysis by Peter Roberts The 2020-21 federal budget has been packaged and sold as many things, from one for jobs, to a reset for manufacturing. There are certainly a multitude of initiatives, but this is certainly not a budget that will ‘galvanise investment in Australian manufacturing’ to quote industry minister Karen Andrews. The problem…
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Studies on the development needs of the Henderson shipyard have been announced by the federal government.
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Leading industry groups and universities have called on the federal government to make a targeted effort to address Australia’s commercialisation woes in this week’s federal budget, with new funds and an R&D collaboration premium.
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Trans-Tasman dairy giant Fonterra has sold its Chinese dairy farms for a total ofg $555 million after developing them with local partners. The group, which produces brands such as Western Star in Australia, sold its Ying and Yutian farming hubs to Inner Mongolia Natural Dairy and its Hangu farm to Beijing Sanyuan Venture Capital. Fonterra…
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Brent Balinski gathers some reactions to last week’s industry policy announcement, and to the notion of picking winners.
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Medical device developer Epi-Minder has successfully completed an $18 million Series A funding round. The company is commercialising its implanted Minder electroencephalography (EEG) monitoring device for those suffering from epilepsy. Existing shareholders Cochlear, the Bionics Institute, Melbourne’s St Vincent’s Hospital and the University of Melbourne took part in the capital raising. Bionics Institute researchers and…
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Comment by Peter Roberts CSIRO’s Synroc synthetic rock method for safely storing radioactive waste is making headlines again (more on that later), but as someone who has been around for a while it all just demonstrates yet again the topsy turvy way we see innovation in Australia. Synroc was unveiled in 1978 by a team…
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Schneider Electric has been named the 2020 Clean Energy Trailblazer by The Climate Group’s RE100, recognising its commitment to carbon neutrality in its operations by 2025. The Climate Group is a global member body of companies committed to 100 per cent renewable power. Schneider Electric, which has Clipsal electrical products manufacturing operations in Adelaide and…
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Covid-19 treatment tests begin for Noxopharm’s Veyonda Drug developer Noxopharm’s Veyonda drug has been tested as a treatment for Covid-19 on its first human patients. The Phase 1 clinical trials of Veyonda, an experimental anti-cancer formulation of the drug idronoxi, is being conducted in a number of hospitals in Eastern Europe. This came after research…
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