Between Botswana and the Ivory Coast: Australia dives further in economic complexity rankings to 105th

The newly-returned government’s ambition to make Australia a manufacturing powerhouse comes with its difficulties, as newly-updated Economic Complexity Index (ECI) rankings show Australia in its worst placing yet. The rankings are published by the Harvard Kennedy School’s Growth Lab and go back to 2000. They measure the sophistication and diversity of a country’s exports.  An…

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Kite Magnetics receives $3.6 million seed investment from SQM Lithium Ventures

Electric motor startup Kite Magnetics, which won a Top 10 Gold Award at this title’s Australia’s 50 Most Innovative Manufacturers awards last week, has received a $US $2.2 million (approximately $3.6 million) seed investment from SQM Lithium Ventures. According to a joint statement from the two companies on Monday, the investment is part of Kite’s…

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The federal government wants to boost productivity. Science can help

By Deanna D’Alessandro, University of Sydney and Kate Harrison Brennan, University of Sydney In the wake of Labor’s resounding victory in Australia’s federal election earlier this month, there has been much talk about flailing productivity in Australia. In fact, last week, Prime Minister Anthony Albanese and Treasurer Jim Chalmers made clear that the priority for…

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Monash claims research could see compact rooftop flow batteries on the market “in a few years’ time”

A new water-based battery developed by Monash University research engineers could one day help households “store rooftop solar energy more safely, cheaply and efficiently”, according to the university. The new battery makes use of a “new membrane design [which] fixes the speed problem” normally attached to flow batteries, and which normally limits their use to…

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Australian Dairy Nutritionals to make milk formula powders for Sprout Organic

Vertically-integrated dairy business Australian Dairy Nutritionals has announced a new, one-year contract manufacturing agreement with Sprout Organic, which will see it produce milk powders for its client. According to a statement to the ASX on Tuesday, the agreement is non-exclusive, and comes with an option to extend for “a further [two-year] term”. Under the deal,…

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