Tag: investment

Perth-based seaweed materials company Uluu has announced it has raised $16 million in Series A funding to expand its manufacturing capability and build a demonstration plant in Western Australia, advancing its mission to produce a natural, seaweed-based alternative to conventional plastics.

Australia’s national science agency, CSIRO, has celebrated the achievements of its latest ON Accelerate cohort at a showcase event held in Melbourne, spotlighting the potential of deep tech to address major global and national challenges.

The Australian Renewable Energy Agency (ARENA) has announced the first recipient of its Hydrogen Headstart Program, awarding $814 million in funding to Copenhagen Infrastructure Partners’ (CIP) Murchison Green Hydrogen Project in Western Australia. 

The New South Wales (NSW) Government has launched the Lean Manufacturing Pilot Program, aiming to bolster efficiency and competitiveness among regional manufacturers. 

The Victorian Government is supporting local startup Kite Magnetics in establishing a new advanced manufacturing facility in Melbourne’s southeast, a move expected to create more than 650 jobs and boost the state’s position in clean energy innovation.

The Australian Workers' Union (AWU) has expressed strong support for the federal government’s $2 billion investment in production credits designed to foster the growth of a green aluminium sector, which the union views as a critical step in ensuring Australia remains at the forefront of the global aluminium market.

Geospatial technology startup Terria has officially spun out of CSIRO, Australia’s national science agency, following the closure of a seed investment round led by Australian deep tech investment fund, Main Sequence.

MGA Thermal, a prominent innovator in clean energy storage, has secured a strategic investment from Electrifi Ventures, a climate tech angel syndicate, in partnership with Climate Salad.

The Tech Council of Australia (TCA) has expressed support for the Federal Government’s strategic review of Australia’s research and development (R&D) sector, aiming to enhance productivity and drive economic growth. 

The Australian Government is making a significant investment in local innovation, focusing on quantum and counter-disinformation technologies to give defence a technological edge while fostering a future built in Australia.