The federal government has announced $30 million in funding to help manufacturers commercialise their ideas. The new $30 million commercialisation fund will provide grants smaller than and complementary to the Modern Manufacturing Initiative program, with applications for the latter opening weekly and by “manufacturing priority” sectors. Grant applications for three MMI sectors have been opened…
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It might not seem important that 88% of the semiconductor chips used by U.S. industries, including the automotive and defense industries, are fabricated outside the U.S. However, three issues make where they are made critical to the U.S. as the global leader in electronics: lower capability, high global demand and limited investment.
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Treasury Wine Estates, the maker of Penfolds wines, has moved towards a premium brand model for its extensive American multi-brand wine portfolio. The company, which is wrestling with the fallout of China’s punitive tariffs against Australian wine imports, has reached a long-term licensing agreement with The Wine Group to take over several of TWE’s commercial…
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the first of five Medivac variants of the Bushmaster armoured vehicle (pictured) has rolled out of Thales’ factory in Bendigo, Victoria. Destined for the Netherlands, the Medivac is a hospital on wheels built for the battlefield and is is distinguishable as the first Bushmaster with front doors. The $14 million order brings to 100 the…
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Prohelion will make solar racing products from fast charger company Tritium under the Prohelion brand.
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By Denham Sadler The $540 million Australian Business Growth Fund is about to turn on the taps, with its first investment of “patient capital” expected to be made by the end of the financial year. First announced by the Coalition as part of the 2019 election campaign, the Australian Business Growth Fund (ABGF) will make…
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Professional services firm GHD Group is to become a cornerstone investor in hydrogen electrolyser and storage system manufacturer Lavo. The equity investment is part of LAVO’s $50 million Series A capital raise now underway, with the firm joining Providence Asset Group, UNSW, and Gowings Bros as investors. In addition to holding an equity stake in…
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Adelaide steel fabrication specialist Samaras Structural Engineers installed an automated steel fabrication system believed to be the largest in the country. The company has already fabricated the largest of projects, including Adelaide Oval east and west grandstands, Chadstone shopping centre extension, Adelaide Convention Centre stage one and two, One Central Park Sydney and Melbourne Airport…
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A public hearing on the development of Australia’s space industry will be held on Wednesday at Adelaide. The House Standing Committee on Industry, Innovation, Science and Resources will hear from stakeholders during 9 am – 3.15 pm at the Adelaide Hilton’s Victoria Room.
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By Denham Sadler Local firm Q-CTRL will send its quantum tech to the Moon as part of an Australian consortium working on NASA’s Artemis program. The Sydney-based startup has developed quantum sensing and navigation technologies that can be applied to space exploration and has teamed up with the Seven Sisters space industry consortium to send…
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