Cochlear completes takeover of Oticon Medical cochlear implant business

Hearing implant manufacturer Cochlear has announced the completion of its acquisition of the Oticon Medical cochlear implant business from Demant, following the end of a protracted battle with competition authorities. The business, which has 20,000 implant patients, became available following Demant’s decision to discontinue work on hearing implants. Cochlear’s CEO & President Dig Howitt welcomed…

Towards 3% R&D – what we learned over four weeks

By Peter Roberts If @AuManufacturing’s editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – has taught us anything, it is not the national myth of plucky Australians being an inventive people battling to commercialise their ideas. Towards 3% has taught us that unlike leading nations, Australia doesn’t have a supportive innovation ecosystem…

Incitec Pivot’s fertiliser business heads for foreign control

Yet another Australian manufacturing operation is heading for foreign control with fertiliser and explosives business Incitec Pivot confirming it was negotiating the sale of its fertiliser manufacturing to an Indonesian company. IPL’s CEO & Managing Director Mauro Neves told investors the company had continued to progress the structural separation of its fertiliser and explosives businesses.…

Towards 3% R&D – budget responds to slump in Australian innovation effort

By Peter Roberts The 2024 budget has responded to the issues being raised by @AuManufacturing’s one-month long series of articles around the theme Towards 3% R&D – turbocharging Australia’s innovation efforts. Treasurer Jim Chalmers announced a ‘strategic examination of Australian research and development’ as part of the Future Made in Australia package of measures. According…

Towards 3% R&D – Innovation bolsters defence industry by Minister Pat Conroy

Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Defence Industry Minister Pat Conroy explains how the government has built new structures to link defence innovation with commercial outcomes, building the defence industrial base in the process. A strong and sovereign innovation, science and technology sector is critical to…