Fortescue invests 10% of profits into green hydrogen sector

Andrew Forrest’s Fortescue metals group has confirmed it will continue to invest ten per cent of net profits after tax into developing its green hydrogen offshoot, Fortescue Future Industries. Announcing the group’s results for the half year to December, the company said FFI’s FY22 anticipated expenditure was in the range of US$400 – US$600 million.…

Spiral Blue to process imagery in space for transmission to Earth

AI and edge computing enabled Earth observation services company Spiral Blue, has been awarded $578,000 commercialisation funding in a co-investment from the Advanced Manufacturing Growth Centre. The grant in collaboration with Esper Satellite Imagery, UNSW Sydney, Saber Astronautics and Dandelions will progress Project Rainbow Python. In this project Esper’s hyperspectral imagers OTR-1 and OTR-2 will…

Election brings fresh Lot 14 development

The imminent South Australian state election has flushed out another government-backed project with the announcement of a $400 million Entrepreneur and Innovation Centre (EIC) for the Lot Fourteen precinct on North Terrace, Adelaide. The EIC ‘will set the global pace for multidisciplinary innovation, collaboration and entrepreneurship and is specifically designed to suit the secure environment…

Cybersecurity – Identity and Access Management: Building biometric-based ID machines

For the last two weeks, our Cybersecurity – Identity and Access Management series has looked at cybersecurity threats to manufacturers, why they should take them seriously, and how they can thwart them. For the final entry, we will hear from a manufacturer responsible for other people’s security and access management, and the ways it goes about keeping very sensitive, very personal data safe. 

Patent box policy still the answer – medtech sector

Medicines Australia has backed the introduction of patent box legislation, Treasury Laws Amendment (Tax Concession for Australian Medical Innovations) Bill 2022, in the Australian Parliament. In the 2021-22 Budget, the government announced that it would introduce a patent box regime for eligible corporate income associated with patented inventions in the medical and biotechnology sectors. The…