Nourish brings fake meat closer with animal-free fats and oils

CSIRO-backed non-animal based foods business Nourish Ingredients has raised $14.5 million (US$11 million) in seed funding to accelerate commercialsation of its animal-free fermented fats and oils. CEO James Petrie said the company has secured an initial funding round co-led by leading venture capitalists Horizons Ventures and Main Sequence Ventures. Main Sequence is the venture arm…

Southern Launch gets first ever launch facility licence

Southern Launch has become the first company to be granted a rocket launch facility licence by the federal government, opening the way for commercial sub-orbital launches from its Koonibba Test Range in regional South Australia (pictured). Industry minister Karen Andrews said today ensuring a regulatory framework that balances safety and entrepreneurism is crucial to growing…

Energy Renaissance to lead project developing new battery management system

Energy Renaissance, which plans to soon become Australia’s first maker of lithium ion batteries, is developing a defence-grade battery management system in collaboration with the Innovative Manufacturing Cooperative Research Centre and the CSIRO. The $1.46 million project will develop the “nerve centre” of a battery, collecting and analysing information on a system’s health and usage…