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…
Electrical engineering company Ampcontrol has celebrated 20 years of research collaboration with the University of Newcastle through their ResTech R&D collaboration. ResTech held a public open day yesterday at which Industry and Science Minister Ed Husic officially opening the new ResTech Living Labs facility. Located at the industrial-focused Callaghan Campus, NSW, Living Lab aims to…
The Assistant Minister for a Future Made in Australia Senator Tim Ayres has used one of his first outings since promotion to defend the use of government cash to encourage business investment under the Future Made in Australia programme. Speaking on ABC Newcastle Breakfast radio he was asked why government money was being used to…
IDT Australia to raise $7 million for mRNA vaccine production Pharmaceutical manufacturer IDT Australia is to raise $7 million a fully underwritten entitlement offer of fully paid ordinary shares to eligible shareholders. The funds raised will be used to fund capital expenditure relating to current and potential future works in the mRNA therapeutics field including…
The University of Newcastle’s Hunter Cleantech Accelerator has been awarded $438,375 in funding through the NSW government’s Accelerating Regional Innovation Fund. The accelerator is operated through the university’s Integrated Innovation Network (I2N) and is “designed to build the capability and competitiveness of tech-enabled entrepreneurs” in the region, according to a statement from University of Newcastle…
The first CEO of bionic ear manufacturer Cochlear as a listed company Catherine Livingstone, and innovation and business academic Emeritus Professor Roy Green featured in this year’s Australia Day honours. Livingstone was awarded the highest honour, a Companion of the Order of Australia (AC) in the General Division for eminent service to business, particularly through…
University investment group Uniseed is looking for new venture finance managers following its expansion, with five new universities backing its commercialising efforts. Uniseed is now searching for people to fill new roles of Investment Manager (Technology) in Melbourne and an Investment Manager (Biotechnology) in Sydney. Uniseed’s existing partners are the long established universities of Queensland,…
Radiopharmaceutical systems manufacturer Cyclopharm is expanding its manufacturing and storage capacity at Kingsgrove in Sydney to meet US demand, following approval by the USFDA for sale of the system in the big Uited States market. The Sydney company told investors it was preparing to air freight the first 20 Technegas systems to the USA, with…
The Minister for Industry and Science Ed Husic has visited the University of Newcastle to officially open a new ResTech facility, a joint partnership with electrical engineering manufacturer Ampcontrol at the industrial-focused Callaghan Campus. The partnership aims to accelerate the development and commercialisation of new cutting-edge technology and solutions for the energy, infrastructure, and resources…
A 43-foot hybrid boat being developed by a collaboration between electrical and electronics company Ampcontrol, boat builder Steber International and the University of Newcastle, has been launched on the Manning River, Taree, in regional NSW. Ampcontrol Engineering Manager Steve Mitchell said the successful deployment was a result of a partnership between industry, government and the…
