Tag: Investment

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Startups

WA commits $30m to entice VC funds

The Western Australian government on Thursday announced it will invest $30 million into venture capital funds looking to set up in the state if they support local startups in...

Defence plans to phase out legacy IT by 2027

Posted on   |  by Brandon How
Defence will mostly phase out its legacy IT systems by 2027 under a new digital strategy that will also see the department adopt a cloud-only approach. The three-year strategy...

Net zero authority legislated despite Coalition resistance

Posted on   |  by Brandon How
Regional CleanTech and manufacturing investment will be coordinated through a single federal government agency after legislation to create the Net Zero Economy Authority passed the Senate. The bill passed...

Green metals advisory panel appointed

Posted on   |  by Brandon How
A seven-member advisory group has been set up by the federal government to advise on industry policy for decarbonising iron, steel, alumina and aluminium production. The board, which met...

ASCA buys 300 sovereign drones under $6.6m challenge

Posted on   |  by Brandon How
Budding Australian drone manufacturers AMSL Aero, Boresight and Grabba Technologies have shared $6.6 million in Defence production contracts following the success of their prototypes under the Advanced Strategic Capabilities...

NAIF review to align fund with Future Made agenda

Posted on   |  by Brandon How
A statutory review of the Northern Australia Infrastructure Facility has begun to align the fund with the Albanese government’s critical minerals ambitions and broader Future Made in Australia agenda....

Thodey tapped for Services Aus review

Posted on   |  by Brandon How
Businessman David Thodey and current and former senior public servants have been quietly tapped to review Services Australia’s ability to deliver policy outcomes as part of the Albanese government’s public...

Canva buys local GenAI startup Leonardo.AI

Posted on   |  by Brandon How
Leonardo.AI, the Australian developer of a rapidly growing generative AI art platform, will be acquired by graphic design giant Canva for an undisclosed sum. Although only launched in December 2022,...

PsiQuantum plans second quantum computer for Chicago

Posted on   |  by Brandon How
Silicon Valley startup PsiQuantum is set to build its second quantum computer in Chicago by 2028 following a $760 million investment from the US State of Illinois. The US$500...

PC raises alarm on govt’s comparative advantage bets

Posted on   |  by Brandon How
The Productivity Commission is challenging a foundation of the Albanese Government’s Future Made in Australia agenda, arguing Treasury is inappropriately using an oft-cited economic theory as grounds for interventionist...