Two local companies chase quantum computing success

Analysis by Peter Roberts A second Australian would-be quantum computer developer has emerged just as a well-known university spin-out in the fast-growing area raises $22 million in venture capital. Two year old Q-CTRL, a spin-off from the University of Sydney’s Quantum Science group, has raised $22 million in venture capital to advance its work. This…

DMTC gets $3.8 million to support industrial R&D projects

DMTC has signed a $3.8 million contract with the Defence Innovation Hub for collaborative R&D activities.   The announcement was made on Thursday, and includes four projects to increase industrial capability, according to a release from the Department of Defence. It describes these as “aimed at enhancing land vehicle design and build; additive manufacturing of…

Stealth Technologies and Honeywell join forces on autonomous vehicles

Australian artificial intelligence company Stealth Technologies and control technology giant Honeywell have joined forces to develop a range of robotic autonomous vehicles. Honeywell has paid Stealth an initial $100,000 and will jointly develop mobile robots the companies believe offer a rapid payback. The vehicles will form the basis of navigation services ranging from inspection, transportation…

Skykraft awarded $1 million to build nano-sattelites

UNSW Canberra spin-off company Skykraft has been awarded a $1 million grant to accelerate design and manufacture of small satellite systems. The grant from the ACT government will begin design and manufacture of a SmallSat constellation to provide global air traffic management capabilities. Skykraft managing director, James Prior said this ‘early definition work’ established a…

Renewable energy investment stalls – Clean Energy Council

New investment in solar and wind farms has fallen risking power price rises and future energy reliability, according to the Clean Energy Council. A week after it was revealed the 2020 large-scale Renewable Energy Target (RET) would be met, the council said investment is threatened because there is no energy and climate policy to replace…