Three innovative Australian SMEs will use the power of data and artificial intelligence (AI) to enhance their medical products and become internationally competitive as part of a new accelerator starting this month. Cortical Dynamics, Microbio, and Resonait Medical Technologies have been selected for the Biomedical AI Sprints Accelerator (BASA) run by leading innovation centres the…
Paladin Space will use a $100,000 South Australian government grant to progress its work into reducing the risk posed to spacecraft by space debris including defunct satellites, rocket parts and much smaller items floating in the Earth’s orbit. Harrison Box, the founder of Paladin Space, is developing an advanced reusable space debris remover that will…
The future of AI-augmented additive manufacturing holds enormous promise, believes Dr Ali Zolfagharian. He explains the concept and why there’s a new group dedicated to it. Artificial intelligence (AI) has already made a significant impact across various sectors in automated manufacturing, but its by default integration into advanced manufacturing is about to reach new heights. With…
Defence communications and metal detection manufacturer Codan Group is expanding into the United States with the acquisition of 100% of US-based networking communications specialist SKT2 LLC dba Kägwerks (Kägwerks). The acquisition, made through subsidiary Codan US Inc., is valued at $33.6 million together with royalty payments for five years post-closing based on agreed annual sales…
Laser-based anti-drone system maker AIM Defence has expanded into a 4000 sqm facility to support the manufacture and export of AIM’s Fractl Counter Uncrewed Aerial Systems (C-UAS) laser. The new facility will house a skilled team of researchers, scientists, and engineers from a range of disciplines and will support the ramp up in production of…
Australian businesses trail their Asia-Pacific counterparts in their digital strategy and AI adoption, according to a major survey by CPA Australia. However it is not all bad news – our focus on cybersecurity and data protection is a positive for Australian businesses. CPA Australia’s 2024 Business Technology Report found that only 53 per cent of…
By Vitomir Kovanovic, University of South Australia Less than two years ago, the launch of ChatGPT started a generative AI frenzy. Some said the technology would trigger a fourth industrial revolution, completely reshaping the world as we know it. In March 2023, Goldman Sachs predicted 300 million jobs would be lost or degraded due to…
Pfizer Australia has announced a major upgrade to its manufacturing facility in Melbourne to boost production of pharmaceuticals aiming to help address rising levels of antimicrobial resistance. Pfizer has invested $150 million to develop advanced pharmaceutical production facilities for new antimicrobial treatments tackling what is one of the biggest threats to global health. The Victorian…
Drone Detection and countermeasure manufacturer DroneShield (DRO) has replied to its critics emphatically with the successful completion of its approximately $120 million fully underwritten placement at a price of $1.15 per New Share. DroneShield shares have come under pressure with the latest raising, and a placement that raised $75 million in April, confirming strong institutional…
The first round of Australia’s Economic Accelerator (AEA) grants is now open to researchers and industry in key areas identified by the federal government such as refining and processing of critical minerals, renewable hydrogen, and green metals. $180 million in funding is available for university researchers and their industry partners to commercialise research related to…