Tag: Investment

ASCA buys 300 sovereign drones under $6.6m challenge

Posted on   |  by Brandon How
Budding Australian drone manufacturers AMSL Aero, Boresight and Grabba Technologies have shared $6.6 million in Defence production contracts following the success of their prototypes under the Advanced Strategic Capabilities...

NAIF review to align fund with Future Made agenda

Posted on   |  by Brandon How
A statutory review of the Northern Australia Infrastructure Facility has begun to align the fund with the Albanese government’s critical minerals ambitions and broader Future Made in Australia agenda....

Thodey tapped for Services Aus review

Posted on   |  by Brandon How
Businessman David Thodey and current and former senior public servants have been quietly tapped to review Services Australia’s ability to deliver policy outcomes as part of the Albanese government’s public...

Canva buys local GenAI startup Leonardo.AI

Posted on   |  by Brandon How
Leonardo.AI, the Australian developer of a rapidly growing generative AI art platform, will be acquired by graphic design giant Canva for an undisclosed sum. Although only launched in December 2022,...

PsiQuantum plans second quantum computer for Chicago

Posted on   |  by Brandon How
Silicon Valley startup PsiQuantum is set to build its second quantum computer in Chicago by 2028 following a $760 million investment from the US State of Illinois. The US$500...

PC raises alarm on govt’s comparative advantage bets

Posted on   |  by Brandon How
The Productivity Commission is challenging a foundation of the Albanese Government’s Future Made in Australia agenda, arguing Treasury is inappropriately using an oft-cited economic theory as grounds for interventionist...

CSIRO plots path to secure critical minerals ambition

Posted on   |  by Brandon How
Targeted support for innovation and greater international engagement will be needed to ensure Australia realises its critical minerals processing ambitions, according to national science agency CSIRO. In a new...

Fuse RDTI and NRF to drive research investment: Go8

Posted on   |  by Brandon How
The multibillion-dollar R&D tax incentive should be expanded to offer equity and debt financing from the National Reconstruction Fund to businesses that collaborate with local research institutions, the Group of...

Biosecurity startup ExoFlare raises $5.3m

Posted on   |  by Brandon How
Biosecurity startup ExoFlare has closed a $5.3 million capital raise to develop its online platform for tracking threats in the agriculture and food supply chain. The seed raise was...