Advanced Robotics for Manufacturing Hub (ARM Hub) has ventured into a partnership with infrastructure advisory firm Azcende Venture Capital to help Australian manufacturers of innovative technologies enter US markets.
The partnership is intended to accelerate new business and emerging technologies designed for national security and critical infrastructure.
Cori Stewart, chief executive of ARM Hub, said the two organisations will work closely to develop programs, networks, and leverage funding for Defence, defence industry, advanced manufacturing, and related supply chains that would provide a boost for local manufacturers seeking to enter the US market.
“ARM Hub and Azcende share a commitment to accelerating the manufacturing readiness level of technology and overcome brakes and barriers to commercialisation, working predominantly in technologies that are relevant to Defence and Defence industries, including medical, transport, energy, and space to achieve their vision,” Stewart said.
“Azcende will further support the work we do with manufacturers by providing commercialisation advice and business networks with a view to supporting export to a North American market.”
A roster of high net-worth investors is expected to provide $30 million in funding, which will focus on investing in Australian critical and emerging technology businesses that can take advantage of the US marketplace.
“Azcende has partnered with ARM Hub due to its success in positioning itself with strong technological expertise, arising from its deep academic networks,” said Alok Patel, chief executive and managing partner at Azcende.
“With Azcende’s focus on national security and critical Infrastructure, we are excited to bring global commercialisation experience combined with venture investments to activate critical and emerging technologies together with ARM Hub’s technological expertise,” Patel added.
The Azcende CEO also noted how helping establish emerging technologies as future businesses is crucial to enabling adoption in achieving Australian sovereign capability.
“Manufacturing is core to industry. It ensures that we can locally develop product and services to bolster key supply chains for critical industries, in particular Defence, whose supply chain is broad and strategic,” Patel added.
