STÄRKE expands into injection moulding STÄRKE Advanced Manufacturing Group has announced the acquisition of the complete assets of RIAN INDUSTRIES, a 22 machine injection moulding business in Melbourne. Group CEO Al Jawhari said the company would be known as STÄRKE INJECTION MOULDING PTY. LTD. and combined with the company’s facilities in Adelaide and Detroit, Michigan…
A Victorian government funded medical technology hub for skills and device development is set to boost the state’s reputation as a global leader in the field. Minister for Industry and Innovation Ben Carroll today announced the opening of Victorian Medtech Skills and Device Hub, which is backed by $5.75 million from the government. Carroll said:…
Brain imaging company EMVision Medical Devices has announced receipt of a $1.75 million payment under the Modern Manufacturing Initiative (MMI) grant. EMVision was awarded a grant worth $5 million in non-dilutive funding in May 2022 from the previous federal government’s MMI. The funding under the initiative’s Translation stream is to assist establishing commercial production of…
Sydney’s UTS Business School is pioneering a new research methodology that supports commercialisation of technology locally by building a value proposition and business case based on end-user experience. The school has worked with global medical technology company Stryker since 2017, applying the methodology which researcher Dr Katrina Skellern said made a robust business case for…
Diagnostics company Nutromics has raised $11 million in an ‘acceleration’ funding round for its medical wearable diagnostic platform. The round, which comes after the company raised $20 million in a round backed by the venture arm of blood glucose monitor manufacturer Dexcom, was led by two high net-worth family offices. Nutromics threatens to revolutionize diagnostics…