Sparc Technologies raises $2.25 million Graphene and green hydrogen developer Sparc Technologies has received firm commitments from sophisticated and other professional investors to raise $2.25M through a share placement. New and existing investors strongly supported the placement. Sparc Technologies Managing Director Nick O’Loughlin, said: “Sparc is very pleased with the strong support it has received…
Rio Tinto spends up big with local suppliers Rio Tinto increased its spend with suppliers and local businesses in Australia to more than $16.1 billion in 2023, as part of the company’s commitment to support communities where it operates. This was an increase of five per cent on the previous year and was spent with…
Victorian employers fined more than $16 million for safety breaches WorkSafe Victoria has said it completed 153 successful health and safety prosecutions last year, reminding employees in the state they will face serious legal consequences if they put workers at risk. A total of $16,182,957 in fines was imposed by courts in 2023 for breaches…
Evolve Group expands production Brisbane-based product developer and manufacturer Evolve Group has announced “a major phase of growth” and an increase in capacity with three new machines. “Our production area is scaling up impressively with the addition of… a Yizumi UN260 A5 260 Ton and two Yizumi PAC350K 350 Ton machines, each featuring high-tech robotic…
RM Williams to open flagship store on Friday Apparel company R.M.Williams is preparing to open its flagship store to the public on December 1 in Sydney. The 91-year-old brand will open the store on George Street, in the CBD, and The Sydney Morning Herald reports that, “A customised soundtrack, signature scent and altar to R.M.…
AM2D to launch at Monash this month The ARC Research Hub for Advanced Manufacturing with 2D Materials (AM2D) will be officially launched at an in-person event on Monday, November 20. The launch will be officiated by a host of delegates including a local MP, the Australian Research Council, Monash University’s Deputy Vice-Chancellor (Enterprise) Prof Doron…
Industry organisation AusBiotech has released a new report calculating the return from the federal R&D tax incentive reached $3.14 for each dollar of forgone tax revenue. The Economic impact of the Research & Development Tax Incentive for the biotech industry report (linked here) was developed with Deloitte Access Economics, and estimates that the RDTI for…
Life sciences industry body AusBiotech has launched its National Cell and Gene Manufacturing Blueprint, which it says offers a unified and collaborative approach to expanding a sovereign cell and gene industry in Australia. According to AusBiotech, which commissioned the report, the local biotechnology sector-led effort provides recommendations on how the nation’s ecosystem can develop the…
