Tag: investment

The NSW Government has announced $400,000 in funding for 19 organisations through the latest round of its Fostering Innovation Sponsorship Program, supporting events and initiatives aimed at creating jobs, attracting investment and strengthening the state's innovation ecosystem, including priorities such as local manufacturing.

The Australian Food and Grocery Council has welcomed measures in the Federal Budget aimed at supporting productivity, business investment and workforce capability, while warning that escalating instability in the Middle East could still place upward pressure on costs across manufacturing supply chains and for consumers.

The Australian Government says new investment in advanced battery research and local manufacturing capability is strengthening the performance and safety of energy systems that power Defence platforms and systems.

The Australian Government is investing almost $40 million in emerging technologies and artificial intelligence to strengthen the Australian Defence Force’s ability to make faster and more accurate decisions, according to the Department of Defence.

Perth-based seaweed materials company Uluu has announced it has raised $16 million in Series A funding to expand its manufacturing capability and build a demonstration plant in Western Australia, advancing its mission to produce a natural, seaweed-based alternative to conventional plastics.

Australia’s national science agency, CSIRO, has celebrated the achievements of its latest ON Accelerate cohort at a showcase event held in Melbourne, spotlighting the potential of deep tech to address major global and national challenges.

The Australian Renewable Energy Agency (ARENA) has announced the first recipient of its Hydrogen Headstart Program, awarding $814 million in funding to Copenhagen Infrastructure Partners’ (CIP) Murchison Green Hydrogen Project in Western Australia. 

The New South Wales (NSW) Government has launched the Lean Manufacturing Pilot Program, aiming to bolster efficiency and competitiveness among regional manufacturers. 

The Victorian Government is supporting local startup Kite Magnetics in establishing a new advanced manufacturing facility in Melbourne’s southeast, a move expected to create more than 650 jobs and boost the state’s position in clean energy innovation.

The Australian Workers' Union (AWU) has expressed strong support for the federal government’s $2 billion investment in production credits designed to foster the growth of a green aluminium sector, which the union views as a critical step in ensuring Australia remains at the forefront of the global aluminium market.