The federal government has announced $50 million from the Medical Research Future Fund (MRFF) to assist development and commercialisation of an Australian inventor’s total artificial heart, which uses a rotor rather than pulsation to move blood through a patient’s body. According to a statement on Tuesday from federal health minister Mark Butler, the grant to…
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Prebricated building solutions business PARKD has announced that it will proceed with Stage 2 of its design and construction contract with John Hughes Automotive Group, for a multi-level car storage facility supporting a VW service centre in Victoria Park, Perth. According to a statement on Tuesday from the ASX-listed PARKD, Stage 2 services involve “supply,…
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By Mohan Yellishetty, Monash University Australia’s nickel industry has been granted access to billions of dollars in federal funding as well as relief from royalty payments after a collapse in the global price of nickel that threatens thousands of jobs. On Thursday BHP wrote down the value of its West Australian nickel division Nickel West…
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Seven Group Holdings (SGH) has made a $1.2 billion offer to move to full ownership of building products group Boral, adding to the Perth company’s diverse group of media and industrial companies. SGH currently holds 71.6 percent of Boral, with the offer pitched at 0.1116 SGH shares and $1.50 cash per Boral share – an…
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Downstream mineral processor Alpha HPA has announced that its plans to construct Australia’s first growth facilities for synthetic sapphire used in high technology industries are advancing at Gladstone in Queensland. The company is commercialising sapphire production utilising the Austrian Ebner-Fametec sapphire growth technology utilising Alpha’s high purity alumina feedstock. Sapphire glass is ultra-pure glass used…
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Hearing implant manufacturer Cochlear has reported a 20 percent jump in sales for the half year ended December, 2023 to $1.1 billion, driven by strong growth in cochlear implants and sound processor software upgrades. Cochlear implant units increase by 14 percent as the company consolidated market share gains and strong growth in developed and emerging…
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The federal government has opened a new round of the Business Research and Innovation Initiative (BRII), offering grants of up to $100,000 to startup and SME companies targeting “renewables and low emission practices”. In a statement from industry minister Ed Husic on Monday, companies were invited to submit their “innovative proposals for ideas that address…
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The federal and Western Australian governments have finalised a $140 million agreement to support construction of a hydrogen hub in the Pilbara in Western Australia. The Pilbara Hydrogen Hub is planned as a major centre for hydrogen production and export, with the potential to become an international gateway to Australian-made green steel and iron. The…
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The historic launch of an Australian developed and manufactured rocket is closer with Gold Coast-based Gilmour Space Technologies closing a $55 million Series D capital raise ahead of the company’s maiden orbital launch later this year. Led by Queensland Investment Corporation (QIC) with Blackbird, Main Sequence and Australian superannuation funds HostPlus and HESTA, the capital…
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Applications have opened for Western Australian agrifood companies under the CSIRO’s free ten-week program for SMEs and startups, Innovate to Grow. The round is being delivered with support from the state government’s department of primary industries, with the first workshop to take place on April 11. It will offer participants collaboration opportunities with mentors from…
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