Phycologic harnesses algae to purify indoor air Sydney start up Phycologic has launched its novel Seatree which harnesses the photosynthetic power of algae to purify indoor air. Founded by engineers and marine scientists Zac Duryea and Jack Vitnell (pictured), the company worked with University of Technology Sydney’s Deep Green Biotech Hub to develop the algae-filled…
Century-plus-year-old chocolate company Ernest Hillier has gone bust for the second time in a decade, with WLP Restructuring Partners announcing on Wednesday that they had been appointed as voluntary administrators. WLP are administrators to Chocolate & Confectionery Company and the related entity that own and make Ernest Hillier, a brand that dates back to 1914. …
Gilmour Space Technologies has raised $19 m from companies including Main Sequence Ventures (which manages CSIRO’s Innovation Fund), Blackbird Ventures and the US-based 500 Start-ups. The company is aiming to address a bottleneck in launches for the booming nano-satellite market, catered to by about a half-dozen operators globally.
A group of investors has approached the Australian Manufacturing Forum looking to purchase an Australian manufacturing business. The business should have a track record of profitability – in the region of an EBIT of $1-$5 million, and the purchaser is willing to look at companies from all locations.