There are many reasons why promising startups pack it in. For one venture, formed to commercialise a breakthrough in wind turbine design, it came down to the scarcity and eventual disappearance of certain components. After forming in 2018 and eventually designing a suitably efficient controller to go with their super-efficient turbine and shroud design, Diffuse…
The Victorian government is providing a new wave of funding for agriculture tech startup companies. State Minister for Agriculture, Ros Spence, unveiled an additional $1 million in funding under the AgTech Grants program, which will provide up to $50,000 for eligible startups. The program is delivered in partnership with LaunchVic, the state’s startup agency, which…
The University of Wollongong’s innovation hub iAccelerate has calculated that its companies generated $75.3 million in sales in the 2023 calendar year, and a total of $416.5 million since its establishment in 2016. According to a statement from UoW on Thursday, its iAccelerate 2023 Impact Report calculated that companies paid $22.3 million through salaries and…
CSIRO has invited start-ups and SMEs working in digital health and medical technologies to apply for its upcoming Innovate to Grow program, which is held online, runs for ten weeks, and is free to successful applicants.. According to a statement from the organisation on Monday, the program is designed to assist companies operating in critical…
Startups and small to mid-sized enterprises (SMEs) in India and Australia working on circular economy technologies could benefit from a new accelerator programme designed to explore opportunities between the two countries. The India Australia Rapid Innovation and Startup Expansion (RISE) Accelerator is delivered in partnership between CSIRO and Atal Innovation Mission (AIM), the Government of…
CSIRO and corporate advisor RFC Ambrian have co-founded Hadean Energy to commercialise novel technology that is claimed to produce hydrogen with 30 per cent less electricity than traditional methods. CSIRO will trial the technology at BlueScope Steel’s Port Kembla Steelworks to demonstrate the equipment at pilot scale in an industrial environment. CSIRO’s tubular solid oxide…
The CSIRO-founded investment vehicle Main Sequence announced the first close of Fund 3, raising $450 million and passing a milestone of $1 billion in total funds under management. Participation came from what were described as “large institutional funds, wealth groups and top tier climate investors” including Hostplus, LGT Crestone, Morgan Stanley Wealth Management and Temasek,…
AuManufacturing’s first featured member is Byron Kennedy of SPEE3D, who shares some thoughts about bringing new manufacturing technology to market in Australia. His company specialises in a novel method of additively manufacturing parts through “supersonic 3D deposition”, with metal powders fired precisely and at triple the speed of sound onto a surface.