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Budget covers $392m for industry growth, $101m for quantum and AI

The Albanese Government has earmarked $392 million for the Industry Growth Program in the form of grants to start-ups and small-to-medium businesses as well as $101 million for the development of quantum and artificial intelligence industries.

Sparc Technologies secures nearly $1 million in R&D tax refund

Australian graphene production company Sparc Technologies has received a $934,195 research and development tax refund as part of the Australian government’s R&D tax incentive, relating to the 2022 financial year. 

AML3D posts record quarterly cash receipts amid boost in ARCEMY sales

Wire additive manufacturing developer AML3D Limited has received more than $1 million in customer cash receipts, setting a new quarterly earnings record for the company. 

Advanced Navigation opens Australia’s largest subsea robotics centre

Sydney-based electronics manufacturer Advanced Navigation announced the opening of its new 5.5-acre subsea robotics facility in Balcatta, Western Australia – its largest subsea robotics hub in the country. 

Lithium extraction startup raises $23m to boost production

Novalith Technologies, the creator of a novel lithium extraction process that uses carbonated water in place of sulphuric acid, has raised $23 million in Series A funding to scale up and commercialise its lithium production. 

CSIRO’s program offers assistance to SMEs working in cyber security, digital tech

Small and medium-sized enterprises (SMEs) working on new cyber security and digital technologies can enrol in CSIRO's free, 10-week online program aimed at enhancing the business research and development (R&D) knowledge.

ARENA opens $50m funding round to boost hydrogen, steel research

The Australian Renewable Energy Agency (ARENA) is investing $50 million for two funding rounds targeting research and development (R&D) for renewable hydrogen and low emissions iron and steel, as announced in a media release. 

Hyundai Motor Group unveils $27 billion investment plan in S. Korean EV industry

Hyundai Motor Group has set out to become one of the world’s top electric vehicle manufacturers by 2030 with a whopping KRW 24 trillion (AUD 27.1 billion) investment in the South Korean EV industry. 

Li-S Energy claims increase in energy density from semi-solid state sulfur battery

Australian battery manufacturer Li-S Energy has developed a twenty-layer battery cell utilising its third-generation (GEN3) semi-solid state lithium sulfur technology that packs in more energy density and is safer and more reliable than its prior product. 

Nano Dimension inaugurates new European HQ in Munich, Germany

Additive manufacturing company Nano Dimension has inaugurated its new European headquarters in Munich, Germany to advance its commercial and research and development, as announced in a news release. 
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APS Industrial brings Siemens’ next-gen PLC to Aussie manufacturers

As the manufacturing industry advances towards greater automation and digitalisation, companies are seeking smarter and more efficient control solutions to enhance their operations.