Defence awards five companies grants of $12 million.

Defence industry minister, Steve Ciobo has announced five companies will share grants of $12 million to develop innovative technologies. The grants, by the Defence Innovation Hub, will further develop their innovative technologies to support the Australian Defence Force (ADF). Sentient Vision Systems, a small Australian computer vision company, has been awarded a $5.5 million contract…

CSIRO invests in the industrial future.

Government research group CSIRO is investing $35 million in forward-looking research in space technology and artificial intelligence. The investment will include the development of advanced imaging of Earth from satellites, in addition to cutting-edge data science to support the growth of AI technology. The investment is part of CSIRO’s Future Science Platforms which aims to…

Renewables spark change and opportunity for industry.

Analysis by Peter Roberts. Step-changes in technology are accompanied by the demise of companies and industries, but negative economic effects are almost always outweighed by new business opportunities that emerge. As renewable take hold in electrical generation in Australia numerous companies have been formed or taken the opportunity to diversify. Examples include solar-voltaic panel manufacturer,…