Cleantech startup Kite Magnetics has landed $2 million from the federal government’s industry accelerator and flagged a planned $22 million Series A funding round as it pushes towards commercialisation.
The Monash University spinout will expand its manufacturing capability and develop customer ready prototypes with a $4.1 million commercialisation project backed by funding from the Industry Growth Program (IGP).
The embattled federal government program this week handed out seven new grants …
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