Companies, industry groups and experts comment on last night’s Budget 2023 – this is what they said. Green technology developer Fortescue Future Industries welcomed the budget’s Hydrogen Headstart announcement which ‘demonstrates how seriously the government is taking the green hydrogen industry’ and its critical role in Australia’s future. FFI said in a statement: “This is…
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The SmartSat Cooperative Research Centre (CRC) has unveiled a Compact Hybrid Optical-RF User Segment (CHORUS) prototype terminal to provide more stable and secured military satellite communications. Funded by SmartSat CRC, the terminal which was developed over three years of research was revealed at the 15th Australian Space Forum underway in Adelaide. Technology embedded in the…
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On the opening day of Australian Manufacturing Week, @AuManufacturing and the Advanced Manufacturing Growth Centre held a special event: Lessons from Australia’s most innovative manufacturers. Below is the introduction speech from the event, covering some of what we’ve learned so far from @AuManufacturing’s ongoing search to identify and celebrate Australia’s 50 most innovative manufacturers. By…
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Budget 2023 provided $392 million for an Industry Growth Program to maximise the return on taxpayers’ investments and provide a clearer pathway for entrepreneurs to develop businesses for later consideration by the government’s $15 billion National Reconstruction Fund. By Roy Green. The new Industry Growth Program is a modest but well considered recognition of the…
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Critical minerals developer FYI Resources has moved into the rare earths processing business with the execution of an agreement for the staged acquisition of Minhub Operations Pty Ltd (MOPL). MOPL plans to provide rare earths processing solutions to suppliers of rare earths rich mineral sands via offtake of concentrates, including from the Gippsland and Murray…
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By Peter Roberts Much of the federal government’s 2023 budget has been leaked in advance, but Treasurer Jim Chalmers held back a few morsels including good news for the Industry Growth Centres in his official budget speech delivered in Canberra tonight. In a budget the government characterised as prudent – it predicts a rare surplus…
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A vigorous campaigner for truly sovereign, Australian defence SMEs, Nova Systems Chief Executive Officer Jim McDowell, is to leave his job for a new role with the Department of Defence that will help shape the future of industry. McDowell will leave the largely consulting services company to take up the appointment of Deputy Secretary Naval…
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For the latest nominee profile in our Australia’s 50 most innovative manufacturers campaign, we look at XFrame, a New Zealand-born company with a Meccano-like approach to construction. Brent Balinski spoke to the company’s CFO Simon McKean about building industry circularity. The amount of material used and created by the construction and demolition sector is huge:…
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A second new drug from biotechnology company Immuron is to undergo human trials in the United States following a decision by the Food and Drug Administration that allows trials to proceed. The Melbourne company told investors the US Naval Medical Research Centre (NMRC) had received approval to trial the drug targeting Campylobacter and Enterotoxigenic Escherichia…
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The government should prioritise building sovereign capability, argues Martin Ripple ahead of Tuesday night’s federal budget. As we are awaiting the budget announcement, it is crucial that the federal government addresses the issue of sovereign capability in the country’s manufacturing industry. Australia has the highest dependency on manufactured imports and the lowest level of manufacturing…
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