New report estimates $220 million in economic activity, $4.8 billion in potential “pandemic preparedness benefit” generated through from Moderna factory

Oxford Economics modelling commissioned by Moderna has predicted that the US biotech company’s Melbourne mRNA facility will add $220 million annually to Australian GDP, support 990 ongoing jobs, and deliver “pandemic preparedness benefits” worth as much as $4.8 billion over 30 years “based on the likelihood of a future pandemic”. The Moderna Technology Centre in…

Researchers’ “breakthrough catalyst” could deliver much more useful zinc air batteries: Monash University

Researchers have developed a new catalyst that Monash University says could bring zinc-air batteries “closer to real-world, grid-scale and transport uses”. According to a statement from the university on Monday, the catalyst is able to make the batteries oxygen reactions “much faster and more efficient”, and “[offer] more power, longer life and lower costs.” The…

Velos medtech accelerator opened at Monash

A medical innovation accelerator located within Monash Technology Precinct and focussing on cardiovascular, kidney and metabolic disease opened on Wednesday. According to a statement from Monash University, the The Monash Velos Accelerator was assisted through a $17.5 million Victorian Higher Education State Investment Fund grant and “will embed commercialisation capabilities” at the precinct.  The accelerator…

Monash University, CSIRO open new Membrane Pilot Facility at Clayton

Monash University and the CSIRO have opened a new Membrane Pilot Facility at Monash’s Clayton campus, which the pair say addresses a “critical gap” between lab-scale research in membrane technologies and their commercial deployment. According to a statement from Monash on Friday, the new facility at its New Horizons Building “supercharges Australia’s ability to translate…

Manufacturing news briefs — stories you might have missed

EPCA Expands into Latin America Mining equipment electrification company EPCA has announced a strategic partnership with Escala Consulting, which will represent EPCA across Mexico and Latin America as the official sales representative for the region. “With established operations in Australia and Mexico, Escala leverages deep regional insight and cross-border industry experience to unlock commercial opportunities…

Monash Ventures Pre-Seed Fund invests $2.25 million in three biotech spinouts

Monash University has officially launched its pre-seed fund, with an announcement of co-investments totalling $2.25 million made in spinout companies Myostellar, FytonBio, and Remagine Labs. The funding for the three companies is through the $15 million Monash Ventures Pre-Seed Fund, a participant in the Breakthrough Victoria’s $100 million University Innovation Platform (BVUIP.)  Breakthrough Victoria describes…

Monash breakthrough offers new hope for scaling up green hydrogen via PEM electrolysers

Monash University-led research has produced new understanding about how cobalt catalysts degrade, and might offer hope for green hydrogen production in multi-gigawatt applications. According to a statement from the university on Thursday, green hydrogen made through proton-exchange membrane water electrolysers has been held back by both the scarcity of iridium and the limited stability of…