A Labor government would provide support for aspiring young entrepreneurs to spend a business-focused year working with a university or private sector incubator to develop their startup enterprise or idea.
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Electro Optic Systems sees the cash flow in Defence contractor Electro Optics Systems has reported cash flowing into the company on its biggest-ever contract which experienced delivery interruptions during the Covid-19 pandemic. The company maintained production rates of its order for weapons systems for the Middle East during Covid, which saw its inventory of finished…
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@AuManufacturing continues our editorial series – Celebrating Australian Made – with some good news about public sentiment to making locally. New consumer research from Roy Morgan shows the preference for Australian-made goods continued to increase in 2020, with the huge majority of 93% of Australians stating they are more likely to buy products made in…
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With international pressure mounting on Australia to commit to more substantial action on climate change, Budget 2021-22 was an opportunity — coupled with a once-in-a-generation social license to spend strategically to ‘build back better’ — to set out the government’s strategy towards addressing these concerns. So what’s in the budget for the Circular Economy? Dr Kar Mei Tang explains.
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Patent box a win for IP development, jobs: Cochlear and CSL Local biotechnology leaders Cochlear and CSL have both praised the patent box incentive, which their sector has lobbied for for a decade. The measure will see revenue from locally-created IP taxed at 17 per cent, rather than at the 30 per cent corporate tax…
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Building products group CSR has boosted sales and profits across diverse construction markets, announcing full year ended March 31 net profit after tax up 17 per cent to $146.1 million. A slowdown in residential construction was more than made up through strong cost control and operational efficiency increases, with the company’s building products segment reporting…
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University of Queensland spinout business Hypersonix has announced the results of new shock tunnel tests, showing their hydrogen-powered scramjet engine “can accelerate up to 10 times the speed of sound in real life flight conditions.”
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By Peter Roberts Last year’s $1.4 billion Manufacturing Modernisation fund – that is a paltry few hundred million a year – is essentially the sum total of the federal government’s response to the question marks raised over the role of manufacturing by Covid-19 supply chain disruptions. There was almost nothing not previously announced, and only…
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Industrial process technology company Calix and Pilbara Minerals have teamed up to develop a lithium chemicals refinery at Pilgangoora in Western Australia., The two companies have signed a memorandum of understanding for a scoping study for a lithium salt production facility using Calix technology at Pilbara’s existing spodumene concentrate facility. Following that the companies plan…
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By Denham Sadler A limited patent box scheme will be launched by the federal government, offering tax breaks for medical and biotech innovations in an effort to boost commercialisation and retain IP in Australia. The federal budget, handed down by Treasurer Josh Frydenberg on Tuesday night, included the establishment of a patent box scheme targeted…
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